Trivalence extracted 63,379 cts of diamonds!
Palmietgat Kimberlite Pipes, Botswana Diamonds announces that Vutomi has been granted prospecting rights to Portions 1, 3, 5 and 7 of the farm Palmietgat, in the Limpopo Province, approximately 50km North of Petra’s Cullinan diamond mine.
The Palmietgat area comprises six diamondiferous kimberlite pipes of which three fall within the granted prospecting rights area which is contiguous to the Palmietgat Mine, formerly operated by Trivalence. Trivalence extracted 63,379 cts of diamonds from Palmietgat during 2003-4 (at which time their mining licence expired), valued at US$60.68 per carat (US$3.846 million) and reported resources of 3.5 million tonnes at an estimated grade of 44 cpht (unknown bottom cut-off and resource classification), to a depth of 110 metres for three of the kimberlites. There are also substantial tailings and residue dumps on the property.
John Teeling, Chairman, commented, “Vutomi, our associate company in South Africa, is very active. The final analyses of samples from the 8 Free State kimberlites improves the prospects for the pipes containing diamonds. A drilling campaign will follow.
Furthermore Vutomi has been awarded a prospecting licence close to the famous Cullinan mine over 3 kimberlite pipes known to contain diamonds. This is a valuable addition to our portfolio of exploration assets.”
