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Southstone Minerals: Oena Diamond Sales – Q4 2021 Report
VANCOUVER, British Columbia, Oct. 08, 2021 (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, Oct. 08, 2021 (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 June 2021 to 31 August 2021 (Q3 2021) on Oena Diamond Mine located in the Republic of South Africa. Oena Diamond Mine, Republic of South Africa Production at the Oena Diamond Mine during Q4 2021 operated with one mining contractor on site with four pan plants to process run of mine (“ROM”) material and one Bourevestnik (“BVX”) unit used for diamond recovery. Mining and processing of ROM material only occurred during the period and diamond production results for Q4 2021: Carats Produced Number of Diamonds US $ / carat average Q4 2021 ROM 177.4 194 1,899 The Oena Diamond Mine continues to produce large and high-quality diamonds as summarized below. Top 9 Diamonds by Value per Carat for Q4 2021 Diamond Diamond Size (carats) Sold Price US $ US $ / carat 1 22.02 170'000 7'720 2 10.65 56'780 5'331 3 10.20 51'908 5'091 4 9.26 40'503 4'373 5 7.21 5'247 728 6 5.77 8'899 1'543 7 5.65 8'888 1'573 8 5.15 20'600 3'997 9 3.60 6'844 1'903 The Company continues to evaluate and assess further opportunities in the Republic of South Africa and elsewhere. The technical disclosure in this news release has been approved by Terry L. Tucker, P.Geo., Executive Chairman of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators. THE BOARD OF DIRECTORS OF SOUTHSTONE MINERALS LIMITED [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statement Certain information set forth in this news release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such ...