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Diamond News Archives

Encouraging Signs from Exploration at Marsfontein

Category: News Archives
Created: 02 June 2020
Hits: 540
June 02, 20 by
image

(IDEX Online) - Bulk sampling at Marsfontein, South Africa, has yielded encouraging results, according to the exploration company Botswana Diamonds.

It has recovered a total of 111 macro diamonds, mostly from high-interest kimberlite, but also from dumped kimberlitic material left from previous mining activity.

The company, which expanded from Botswana into South Africa and Zimbabwe, says the results are in line with previous estimates and diamond recoveries from the nearby Klipspringer diamond mine. 

It hopes to pursue further exploratory work at Marsfontein, in Limpopo Province, as soon as Covid-19 restrictions allow travel to the area.

It says 87 macro diamonds were recovered from the fresh kimberlite giving a modelled grade of 50cpht.

And 24 macro diamonds were recovered from Dump E giving a modelled grade of 16cpht. Headline grades are quoted at a +1.5 mm screen bottom size cut off.

"Proof of the fresh kimberlite grade paves the way for further exploration work on Marsfontein to target potential blows," said James Campbell, managing director.

"Options will be investigated on exploitation of the dumps once the nationwide lock down in South Africa is lifted and a sense of normality returns to diamond markets, post the global Covid-19 pandemic crisis."

Pic courtesy Botswana Diamonds

 

 

 

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Read more from our friends at IDEX

Hidden in the New House Coronavirus Relief Bill: Billions for Defense Contractors

Category: News Archives
Created: 02 June 2020
Hits: 508
Diamond Buyers Club
Tucked away deep in the nearly 2,000-page Health and Economic Recovery Omnibus Emergency Solutions, or HEROES, Act, is a section that will funnel money to defense and intelligence companies and their top executives, according to experts.
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Read more from our friends at Gold & Silver

U.S. Economic Depression, Precious Metals Bull Market

Category: News Archives
Created: 29 May 2020
Hits: 562
Diamond Buyers Club
With the U.S. heading into an economic depression, it will likely motivate more investors to protect their wealth in precious metals. Thus, we could experience a U.S. economic depression and, at the same time, a bull market in gold and silver.
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Read more from our friends at Gold & Silver

Fed Reveals Which ETFs It Has Bought So Far

Category: News Archives
Created: 29 May 2020
Hits: 588
Diamond Buyers Club
Fed's purchases were left by the iShares investment grade ETF LQD (at $326MM), followed by two Vanguard corporate bond ETFs, the VCIT ($228MM) and VCSH ($226MM), with the junk bond ETFs, HYG and JNK in 4th and 5th place owning $89.5MM and $88.3MM, respectively.
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Read more from our friends at Gold & Silver

Watch Fed Chairman Powell Speak Live on the Economy: 11 am ET.

Category: News Archives
Created: 29 May 2020
Hits: 559
Diamond Buyers Club
Federal Reserve Chairman Jerome Powell is speaking Friday with Princeton University economist Alan Blinder. The event is being presented by the Griswold Center for Economic Policy Studies at Princeton.
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Read more from our friends at Gold & Silver

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  4. Coronavirus: Police Disperse Diamond Traders

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