Business
Tsodilo Resources Limited Announces BK16 Independent Modelled Diamond Valuation and Grade Results
Model Price - US$ 710 to US$ 386 Per Carat Model Grade - 11 to 8 cpht TORONTO, ON / AC...
About this update from Tsodilo Resources Limited
[{"type":"text","content":"Tsodilo Resources Limited Announces BK16 Independent Modelled Diamond Valuation and Grade ResultsModel Price - US$ 710 to US$ 386 Per CaratModel Grade - 11 to 8 cphtTORONTO, ON / ACCESSWIRE / November 7, 2018 / Tsodilo Resources Limited (TSX Venture Exchange: TSD) (\"Tsodilo\" or the \"Company\") is pleased to announce the results of an independent modelled grade and diamond value for an aggregate 77.94 carat parcel of 502 commercial size (+1mm) diamonds. Which were recovered from Large Diameter Drilling (\"LDD\") from four kimberlite units of the BK16 kimberlite pipe in the Orapa Kimberlite Field (\"OKF\"), Botswana. The current LDD sample average price is US$ 176.44 per carat, this is derived from a valuation of three parcels totaling 502 stones (77.940 carats). Parcel # of Diamonds Total Carats US$ / Carat 1 94 17.045 $195.45 2 130 17.700 $196.37 3 278 43.195 $161.03 The modelled average price ranges from a high of US$ 710 to US$ 386 per carat. The five highest diamonds by value ranged from 0.965 carats to 1.935 carats with a total weight of 7.22 carats and have an average price valuation of US$ 612.85 per carat. The modelled average grade ranges from a high of 11 cpht to 8 cpht. 3.8% of the diamonds tested were identified as Type IIa diamonds consisting predominantly of D color stones. Breakage studies indicate that ~70% of the diamonds were unbroken and of those which were broken only 3.2% were heavily broken. The Size Frequency Distribution (\"SFD\") study demonstrates the presence of large stones, indicating that 8.0% may be greater than 10.8 carats (\"specials\"), and 0.5% could be greater than 100 carats. Bulk sampling Phase 2 is being plannedThe diamond valuation was performed by QTS Kristal Dinamika (\"Mr. Ray Ferraris\") utilizing the current QTS proprietary Price-Book (Q3-2018). The grade and price modelling were performed by Dr. Lawless of Dr. Paddy Lawless & Associates CC. (\"Dr. Lawless\"), and uses proprietary modelling techniques, to predict the grade and average price per carat in a mine production scenario.Photos of the diamonds are available at: http://www.tsodiloresources.com/s/Photo_Gallery.asp?ReportID=820507.Dr. Lawless, stated \"Based on my analysis of the diamonds, the modelled value of US$ 710 USD to $US 386 per carat and the grade of 8 to 11 cpht are both higher than the sample grade and value of...