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Southstone Minerals: Oena and Farm Kareepan Diamond Sales - Q1 2021 Report
VANCOUVER, British Columbia, Dec. 14, 2020 (GLOBE NEWSWIRE) -- Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to provide a
About this update from Southstone Minerals Limited
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 14, 2020 (GLOBE NEWSWIRE) -- Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to provide a production and operational update for the period 1 September 2020 to 30 November 2020 (Q1 2021) on Oena Diamond Mine and Farm Kareepan Mine located in the Republic of South Africa. Oena Diamond Mine, Republic of South Africa Production at the Oena Diamond Mine during Q1 2021 operated normally. There is one mining contractor on site using four (4) pan plants to process run of mine (“ROM”) material and one Bourevestnik (“BVX”) unit used for diamond recovery. Mining and processing of ROM material totaled 117,630 tonnes from Oena area and 11,560 tonnes from Sandberg area. Diamond production results for Q1 2021: Carats Produced Number of Diamonds US $ / carat average Q12021 ROM 744.5 318 1,623 The Oena Diamond Mine continues to produce large and high-quality diamonds as summarized below. Top 9 Diamonds by Value per Carat for Q1 2021 Diamond Diamond Size (carats) Sold Price US $ US $ / carat 1 32.22 $58'289 $1'809 2 26.34 $155'000 $5'885 3 22.33 $108'000 $4'837 4 20.58 $82'000 $3'984 5 20.11 $81'084 $4'032 6 16.92 $53'100 $3'138 7 15.62 $32'500 $2'081 8 12.83 $52'850 $4'119 9 11.65 $31'118 $2'670 Work at Oena Diamond Mine will pause for the holidays on 15 December 2020 and recommence on 5 January 2021. Farm Kareepan Contractors Agreement The Gumrock Joint Venture commenced test pitting on Farm Kareepan Mine in three separate areas and a total of 349 test pits ranging from 1 to 5 meters in depth were completed and mapped. In an area called “Grass Camp” a gravel horizon ranging from 0.3m (meter) to 1.0m in thickness was outlined. Grass Camp is located in very close proximity to what is known as the Bamboes Spruit Run. In late October, bulk sampling commenced at Grass Camp with the installation of a 14-foot rotary pan plant and a total of 21 trenches were dug providing 6035 tonnes of gravel for processing. This area has now been mined out. Diamond production results from Grass Camp: CaratsProduced Number ofDiamonds US $ / carat average Average stone size Q12021 ROM 88.72 87 $425 1.18 Three high value stones were recovered: Diamond Diamond Size (carats) US $ / carat 1 2.88 $1'612 2 2.92 $1'170 3 5.69 $1'400 During the test pitting phase another 10 hectares of contin...