Fura drills Coscuez Emerald Mine
Fura Gems announces the initiation of the diamond core drilling program at the Coscuez Emerald Mine in Boyacá, Colombia. Diamond core drilling program commenced on May 28, 2018. A total of 2,500 metres are planned to be drilled before the end of 2018. First 150 m of subsurface core drilling was completed June 2, 2018.
The drilling data, along with bulk sampling results, will contribute to a maiden mineral resource estimate expected in the fourth quarter of 2018. Dev Shetty, President & CEO of Fura, commented: “I am pleased to announce the start of the diamond core drilling program at the Coscuez Mine. Initial results have been very encouraging.
This drill program is an important part of the aggressive growth strategy for the Coscuez Emerald Mine and will help to establish our maiden mineral resource and provide better controls on grade as we move toward production. I am confident that every activity that we undertake in advancing the project to full production will generate value for the company and its shareholders, as well as for the emerald sector in Colombia”.
Fura has started underground drilling for the first time at this project. Based on initial results, additional drilling will be carried out in the La Paz and other tunnels within the Coscuez Emerald Mine. The data collected from the drilling program will be utilized in constructing a 3-D model of the deposit, will help to establish better controls on grade and establish an estimate of mineral resources and reserves.
The Company is confident that drilling will confirm the emerald bearing mineralized zone continues at greater depth and further along strike. The first phase of the program is expected to be completed by the end of 2018.
