Junior Trivalence Mining (TMI-V) reports an increase in test-phase diamond production at its Aredor diamond concession in Guinea, West Africa.
In June, the company processed 20,203 tonnes of alluvial material from the 1,100-sq.-km property. The test phase yielded 1,710 stones weighing about 1,855 carats for an average stone size of 1.08 carats.
The company recovered 50 stones weighing in excess of 5 carats, all of which are reported to be of gem quality. The breakdown of these stones is as follows: 20 stones weighing between 5 and 6 carats; 9 stones between 6 and 7 carats; 10 stones between 7 and 8 carats; and 5 stones between 8 and 9 carats. The six largest of these stones weighed 19.9, 13.77, 13.29, 11.53, 11.41 and 9.6 carats, respectively.
Diamond production from testing operations in the first six months of 1997 totalled 10,256 carats.
The company also reports that its 14-ft. commercial pan plant has begun the sea voyage from Durban, South Africa, to the Aredor site. The plant has been engineered to process 100 tonnes of alluvial material per hour — three times the rate of the dual 8-ft. plant now conducting tests at Aredor.
In addition, the company’s tailings plant has arrived in Conakry, the capital of Guinea. The plant will be used to process tailings from previous operations at Aredor. Its rated capacity is 60 tonnes per hour.
Meanwhile, the company has arranged a $1.1-Million private placement in the form of a 3-year convertible debenture. Proceeds will be used to pay capital costs incurred during the first phase of operations.
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