Vancouver – Diamond production from Trivalence Mining’s (TMI-V) 85% owned Aredor alluvial mine in the Republic of Guinea and wholly owned Palmietgat mine in South Africa recently sold for US$823,000.
This was the third diamond parcel sale this year with a cumulative value to date of about US$3.5 million.
Production equipment on the Aredor operation has recently been remobilized to target new areas of pay gravel. The 14 foot, 120 ton-per-hour pan plant and all support equipment were moved to the new alluvial beds on schedule and are in operation.
Trivalence has focused on optimizing the Dense Media Separation (DMS) and 14-foot pan plants at Aredor, with the goal of boosting process capacity and revenues from its operation in the West African nation.
In line with increasing production, the company recently acquired a couple of Manitowoc 4,600 draglines plus other various heavy equipment from a Guinean ex-producer that went into liquidation.
In addition to Aredor in Guinea and the Palmietgat kimberlite diamond mine in South Africa, Trivalence has the Kokong kimberlite project in Botswana that is under joint venture to Rio Tinto (RTP-N) who are earning a 75% interest.
The latest figures show the company having 23.4 million shares outstanding.
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