Post by Catdaddy on Jan 28, 2008 9:36:37 GMT -5
Diagem’s Collier-4 Produces 98K Diamonds in 2007
www.diamonds.net/news/NewsItem.aspx?ArticleID=20413
By Avi Krawitz Posted: 01/27/08 10:39
RAPAPORT... Diagem recovered 98,085 diamonds weighing 11,825 carats from its Collier-4 development project in Brazil between March and December 2007.
Diagem reported that 412 diamonds weighed more than 1 carat each for a combined weight of 879 carats.
The Canada-based junior started processing diamonds at Collier-4 in March 2007 and added a second work shift to the pilot concentration plant in October which doubled the amount of material processed. After closing the plant in November for maintenance work, it resumed operations in January.
“The development of the Collier-04 kimberlite project is conceived as a multistage project designed to process the weathered portion of the kimberlite pipe in its initial stages where little or no stripping is required,” said Denis Fracoeur, CEO of Diagem. “We are encouraged with the progress made in 2007.”
The Collier-4 project is located in the state of Mato Grosso, Brazil.
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DIAGEM RECOVERS 412 DIAMONDS FROM COLLIER-04 PROJECT FROM MARCH-DECEMBER 2007
www.diamondintelligence.com/magazine/magazine.asp?id=5973
27 January 2008
Canadian exploration company Diagem Inc. has recovered 412 diamonds weighing more than one carat for a total carat weight of 879 carats from its Collier-o4 development project in Brazil during March to December 31, 2007.
These larger diamonds from Collier-04, which is based in the state of Mato Grosso, represent 7.4 percent of the total carat weight of all diamonds larger than 1.7 mm.
Since March 2007, a total of 98,085 diamonds weighing 11,825 carats have been recovered from Diagem’s processing of 31,692 cubic meters of in-situ material at the project site. As such, this represents an average diamond grade of 0.37 carats per cubic meter and an average carat weight of 0.12 carats per diamond for diamonds coarser than 1.7 mm.
Denis Francoeur, Chief Executive Officer, says, “The development of the Collier-04 kimberlite project is conceived as a multistage project designed to process the weathered portion of kimberlite pipe in its initial stages where little or not stripping is required.”
In addition to expressing his encouragement from the progress made in 2007, Francoeur says, “the marketing of the diamonds recovered will be an important component of the feasibility of the project.”
Diagem focuses on primary diamondiferous resources in the Juina Diamond Province of Mato Grosso, Brazil.
www.diamonds.net/news/NewsItem.aspx?ArticleID=20413
By Avi Krawitz Posted: 01/27/08 10:39
RAPAPORT... Diagem recovered 98,085 diamonds weighing 11,825 carats from its Collier-4 development project in Brazil between March and December 2007.
Diagem reported that 412 diamonds weighed more than 1 carat each for a combined weight of 879 carats.
The Canada-based junior started processing diamonds at Collier-4 in March 2007 and added a second work shift to the pilot concentration plant in October which doubled the amount of material processed. After closing the plant in November for maintenance work, it resumed operations in January.
“The development of the Collier-04 kimberlite project is conceived as a multistage project designed to process the weathered portion of the kimberlite pipe in its initial stages where little or no stripping is required,” said Denis Fracoeur, CEO of Diagem. “We are encouraged with the progress made in 2007.”
The Collier-4 project is located in the state of Mato Grosso, Brazil.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
DIAGEM RECOVERS 412 DIAMONDS FROM COLLIER-04 PROJECT FROM MARCH-DECEMBER 2007
www.diamondintelligence.com/magazine/magazine.asp?id=5973
27 January 2008
Canadian exploration company Diagem Inc. has recovered 412 diamonds weighing more than one carat for a total carat weight of 879 carats from its Collier-o4 development project in Brazil during March to December 31, 2007.
These larger diamonds from Collier-04, which is based in the state of Mato Grosso, represent 7.4 percent of the total carat weight of all diamonds larger than 1.7 mm.
Since March 2007, a total of 98,085 diamonds weighing 11,825 carats have been recovered from Diagem’s processing of 31,692 cubic meters of in-situ material at the project site. As such, this represents an average diamond grade of 0.37 carats per cubic meter and an average carat weight of 0.12 carats per diamond for diamonds coarser than 1.7 mm.
Denis Francoeur, Chief Executive Officer, says, “The development of the Collier-04 kimberlite project is conceived as a multistage project designed to process the weathered portion of kimberlite pipe in its initial stages where little or not stripping is required.”
In addition to expressing his encouragement from the progress made in 2007, Francoeur says, “the marketing of the diamonds recovered will be an important component of the feasibility of the project.”
Diagem focuses on primary diamondiferous resources in the Juina Diamond Province of Mato Grosso, Brazil.
