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Bullboard - Stock Discussion Forum 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... see more

TSXV:SML - Post Discussion

Southstone Minerals Ltd > Angola diamonds discovery
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Post by raypar on Nov 07, 2018 10:27pm

Angola diamonds discovery

I don't know if the new discovery is near of Moquito property but it's seem Angola was very interesting area to find diamonds. 

Lucapa discovers new source of large diamonds


https://www.miningreview.com/lucapa-new-alluvial-diamonds/

Lucapa Diamond and its partners, Empresa Nacional de Diamantes E.P. and Rosas & Petalas, have discovered a new alluvial source of large and premium-value diamonds at the Lulo diamond project in Angola.

To date, the diamonds mined from Lulo – the world’s highest average US$ per carat alluvial production – have been sourced predominantly from the terrace deposits along the Cacuilo River valley.

The Lulo partners recently began exploring the extensive flood plains along the ~50 km stretch of Cacuilo River valley within the Lulo diamond concession to determine whether these areas were also host to exceptional alluvial diamonds.

The positive results from the first of these flood plain areas tested – adjacent to mining block 31 – where regular specials were recovered, demonstrate the potential to open additional and expansive new mining areas at Lulo.

The exploration results include:

  • 17 specials, including an exceptional 55 carat type IIa D-colour white
  • A total of 1 502 carats recovered so far from 11,155 bulk cubic metres processed, achieving a diamond grade of 13.5 carats per 100 cubic metres

Given the results from the flood plains adjacent to mining block 31, Lucapa and its partners will continue testing other flood plain areas at Lulo in parallel with alluvial mining activities in established areas.

-------------------------------

I hope Tango find something like that in short term. Someone know the date for the end of each financial quarter. For example what's is the date for the end of the first quarter of 2019? Tank's

Raypar

Comment by JSMichau on Nov 08, 2018 12:46am
Yes, if you look at Lucapa website, the Lulo Diamond project is in the Province of Lunda Norte and Moquito is in Province of Lunda Norte... But Lucapa is also the name of a city... So Moquito is 50km north of the city of Lucapa and Lulo Diamond (Lucapa's mine) is 630km east of Luanda (Angola's capital)... When I look at google earth and do estimation, both property are about 180 km from ...more  
Comment by raypar on Nov 08, 2018 10:50am
Tank's JS for the precision. What's the date for the first quarter, second quarter etc. for the 2019 fiscal year. If the 2018 fiscal year finish at the end of August the first 2019 quarter is September/october/november 2018 but i' not sure of this. I mention that because Tango is supose to be on site to commissionning equipement at Moquito at the end of the first 2019 quarter. I ...more  
Comment by JSMichau on Nov 08, 2018 1:29pm
September to November = 1st quarter December to February = 2nd quarter March to May = 3rd quarter June to August = 4th quarter 
Comment by FrontLoaders on Nov 10, 2018 1:34pm
This post has been removed in accordance with Community Policy
Comment by Pacmann on Nov 11, 2018 3:33pm
you're just upset you couldn't unload your shares you bought at 1.5 cents. Go scam somewhere else you moron. If don't like this stock then go to another board and whine