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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 May 20, 2020 5:46pm
121 Views
Post# 31053495

RE:RE:RE:RE:RE:AGM

RE:RE:RE:RE:RE:AGMI don't want to kill your hopes, but I fear you might be overestimating the progress of the Liberia project. As far as I know, until now they only have aquired a mining license, and currently might be developing an exploration programm - e.g. mapping, sampling, geophysical surveys etc. Still a long way to go until they might set up their first trial operations, and even then it is not clear whether we will ever see a proper mine set up there. 
On the other hand, their mining license is expire in September 2021, so chances are not the worst that we will hear something regarding this project in the not too distant future.
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