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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

Comment by hempsteron Sep 27, 2019 2:47pm
212 Views
Post# 30171767

RE:Looks good

RE:Looks good
Interestingly the production period they talk about in this release is from May to August, while in the previous release they gave us already the numbers for May to July. I think they only gave us this update to get back to their usual 3-month rythm.
This does make the numbers look less good, but nevertheless shows that the company is headed in the right direction - especially thanks to the update on the Liberia project. I hope we'll see soon some more NR regarding this project.

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