Post by
Pacmann on Oct 31, 2019 1:28pm
News. Oena
Southstone Reports Continued Recovery of High-Quality Diamonds from Oena GlobeNewswireOctober 31, 2019, 9:12 AM PDT VANCOUVER, British Columbia, Oct. 31, 2019 (GLOBE NEWSWIRE) -- Southstone Minerals Limited (Southstone or the Company) (TSX.V SML) is pleased to provide an operational and production update for the Oena Diamond Mine (Oena). During the production period, 8 August to 16 October 2019, a total of 742 carats were produced, placed on tender and sold with an average price of US1,495 per carat (USD $1,110,164 in sales). Southstone maintains its strategic focus on its diamond operations, in particular the Companys flagship asset the Oena Diamond Mine, located in the Northern Cape, South Africa, which produces very high-quality diamonds. There are currently two mining contractors on site operating eight (8) pan plants which process both run of mine (ROM) and pan tailings and bantam material (Tailings) and one Bourevestnik (BVX) unit is used for diamond recovery. The two mining contractors continue their activities at Oena as per a Contract Mining and Diamond Recovery Agreement (see news releases dated 2 May 2018, 10 October 2018 and 16 November 2017) and a Joint Operating Agreement (see news release date 17 June 2019).
Comment by
Pacmann on Oct 31, 2019 1:36pm
another great production at Oena. If this keeps up we may break even real soon or dare I say even make profit. Really looking forward to next quarterly report to get the sense of where we're at and where it's heading.