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Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Energy
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

Southstone Minerals Ltd > Q3 Update
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Comment by Pacmannon Jun 17, 2019 5:51pm
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Post# 29833406

RE:RE:RE:Q3 Update

RE:RE:RE:Q3 Update
Thanks for your feedback Hemspter. The reason I'm more excited about Angola project is that their mine is located only 38km alway from Somiluana mine which is owned by huge company Trans Hex which produced roughly 136000 carats of diamonds last year. So Moquita mine has potential whereas Liberia is still long ways to go. I'm also looking forward to their next quarterly to see if they start breaking even or even making profit
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