Duas Barras (100% Interest)
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Vaaldiam is re-starting operations at the
100%-owned Duas Barras mine, located in
Minas Gerais. This is consistent with
our stated target to restart the operation
during Q3, 2010;
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Improvements to the feed preparation
circuit, combined with the expansion of the
mineral concentration circuit, are expected
to improve production rates and the recovery
of both diamonds and gold;
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Mining
operations commenced with approximately
33,000 bank cubic metres (‘bcm’) of
overburden excavated from Mining Block #3,
which will be the focus of production
operations during the next 10 months;
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The mine is expected to
produce 15,000 carats in 2010 increasing to
40,000 carats in 2011 at a projected cash
cost of US$85 per carat. Historical
revenues were US$165 per carat; and
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We
are preparing exploration programs to
upgrade and expand our resources at Duas
Barras and we are in active discussions with
local landowners to acquire additional
prospective properties.
More about Duas Barras – click here.
Chapada Mine (100%
Interest)
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The mine is currently on care &
maintenance pending exploration to increase
resources.
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Commercial scale production
commenced March 2007
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2007/2008
production of 23,153 carats of diamonds
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Indicated resource of 42,267 carats
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Inferred resource of 32,000 carats
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Diamond value of US$410 per carat
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Last
diamond parcel realized an price of US$800
percarat
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Resources contained within
15km² area
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Additional 270km² of
mineral right concessions provides
significant exploration upside
More about Chapada Mining –
click here.
Brauna Gold and Diamond Projects (Diamonds:
20% Interest with an option to increase to 49%;100% interest
in gold property)
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Advanced kimberlite project currently
undergoing bulk sampling
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22 kimberlite
occurrences identified – 4 potentially
economic and 18 still to be tested
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10
million tonnes estimated in 2 of the 4
tested kimberlite pipes.
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Estimated
average carat value of US$100 to $125 per
carat
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800 metre long gold vein system
More about Brauna – click here.
Catalão (100% Interest)
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Composed of at least 3 kimberlite
pipe-like deposits covering a surface area
of 0.75 hectares
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Surface samples taken
by Rio Tinto indicate a grade of
approximately 23 cpht
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Microdiamond
analysis of drill core suggest a coarse
diamond population, similar to that
observed in the Braúna kimberlites
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Definition drilling and additional bulk
sampling planned for 2011
More about Catalão – click here. |
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