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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 Aug 17, 2020 8:02pm
185 Views
Post# 31420501

RE:RE:RE:RE:Big news

RE:RE:RE:RE:Big newsLast Wednesday afternoon I sent them a mail and asked for a more in-depth update on their plans for next year, plans for Oena and Liberia and new projects to diversity their revenue streams in general.
Don't know if today's release can be seen as a reaction to my mail, but I had already done the same in March and afterwards we got the announcement of the Kwena disposition.
In the past when they acquired the Middlepits and the Moquita projects, we got the NR like two weeks apart, and they released the NR for these projects just a few weeks apart. Might be that news regarding Liberia are not anymore that far away.
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