Tongo, a resource of 4.5 million carat diamonds
Tongo
in Sierra Leone exports
Rough
samples of 1626 carats!
According
to the Stellar Diamonds has previously reported that the Diamond Project in
Sierra Leone contains a JORC-compliant inferred historical resource of 4.5
million carats. This resource is based
on over 65,000m of drilling, which has delineated the kimberlite dykes to
approximately 200m below surface.
Newfield
Executive Director, Karl Smithson, commented: “We are rapidly nearing the
conclusion of the Tongo Front-End Engineering Design programme with our
technical partners PPM, SRK Consulting and Datamine. Final mine optimisation is
ongoing and will be completed shortly. We have also commenced the excavations
and shaping of the box cut for the single access portal in order to maximise
efficiency in the planned mine development schedule.
The
receipt of the 25 year, renewable, large-scale mining licence for Sierra
Diamonds is another key step forward as we move towards the proposed commercial
development of the Tongo Mining project. We also recently exported parcels of
Tongo diamonds for valuation and are very encouraged to see the high proportion
of gem quality stones in the parcels and, in particular, the very high
percentage of what the industry terms “collection goods”, which are diamonds
with top colours in the D to G range.”
Some
2,000 carats have been yielded from processing of stockpiled bulk samples of
the Kundu, Lando and Pandebu kimberlites. In 4Q 2018, two diamond parcels
totalling approximately 1,626 carats (post acid cleaning) were exported to
Antwerp for assortment and valuation, comprising 958.33carats of Lando, from Kundu
300.19 carats) and of Pandebu 367.33 carats of stones.
These
parcels contain an unusually high proportion of “collection goods” (D to G
colours), including 48% in the case of Lando, which is particularly
encouraging. All diamonds exported are fully Kimberley Process Compliant and
all required taxes and royalties were paid to the Government of Sierra Leone
upon export.
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