South Atlantic sells Coromandel

Vancouver-based South Atlantic Resources (SCQ-V) has sold its Coromandel diamond project to Black Swan Resources (BSW-T) for US$1.4 million, payable over four years.

Black Swan has other alluvial diamond projects in Minas Gerais state, as well as gold and base metal properties in the same region. South Atlantic, meanwhile, is about to explore its newly acquired Nordic platinum project in northern Finland.