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Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Southstone Minerals Limited is a Canadian junior mining company. The Company is engaged in the acquisition, exploration, evaluation, development and mining of mineral properties. The Company holds a 43% interest in the Oena Diamond Mine (Oena), which is located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. Oena is a producing alluvial diamond property. Oena is approximately 8,800 hectares in size and covers a 4.8 kilometers (kms) wide strip along a 15 kms length of the lower Orange River. The property has two separate and distinctly different aged diamondiferous bearing paleochannel gravels: Proto-terraces and Meso-terraces. Its subsidiaries include TGV Resources (Pty) Ltd, African Star Minerals (Pty) Limited and GAH Mining (Pty) Ltd.


TSXV:SML - Post by User

Post by rayparon Oct 03, 2018 5:57pm
206 Views
Post# 28740984

Blokwerf terrace area!!!!

Blokwerf terrace area!!!! See this texte inside Firestone Diamond 2002 annual report page 4 and 5
(Firestone are Old owner of Oena diamond mine)

https://www.firestonediamonds.com/wp-content/uploads/FD_annual_report_20021.pdf

....Pending these modifications, the new gravel treatment plant has been relocated upstream from Sandberg to the Blokwerf terrace, where development work has recently commenced. Blokwerf hosts more than 50% of the gravel
resources at Oena. Initial recoveries indicate a higher grade and larger average size at Blokwerf than was recovered from mining on the meso gravels downstream at the Oena terrace.
It is expected that meso gravel mining operations will now be carried out simultaneously at both the Oena and Blokwerf terraces...
 ------------------------------------------

Very nice futur for TGV in the near and mid term.

Production from ROM material at Oena by Bluedust.
Production from ROM material at Blokwerf by Bluedust.
Production from old tailing's pond by Tango.

Possibility of production in Angola phase 1 and phase 2 with CCML.
Possibility of production in Liberia after exploration programm.
Possibility of production in Botswana after new license remewal for Metswedi and exploration programm.

Possibilty for another aquisition by Tango

GLTA
Raypar
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