Salvador Project
27 October 2008 - 6:02PM
UK Regulatory
Salvador Project
BRAZILIAN DIAMONDS LIMITED
Salvador Project
Santo Antonio do Bonito Alluvial Project
Brazilian Diamonds Limited ("Brazilian Diamonds" or "the Company")
reports that field operations at its Salvador kimberlite project in
central Bahia State, Brazil have been completed. Following reporting
of initial results (see news release dated September 4, 2008)
additional samples have been sent to the laboratory for analysis and
on receipt of the results, the Company will assess the next steps for
the project. All the field equipment has been moved to the Santo
Antonio do Bonito project site in Minas Gerais State where the
Company is investigating the possibility of re-starting operations.
Brazilian Diamonds has an extensive license position at Santo Antonio
do Bonito covering the famous diamond producing river system where
historical and government records document recovery of numerous large
high quality gem diamonds greater than 90 carats, including the 726.6
carat Presidente Vargas and eight other gems greater than 300
carats. It should be noted that, although the timing and recovery
sites of these highly valuable large stones are reasonably well
documented in records dating back to the 1930s, detailed production
figures and size distributions for this historical artisanal
production do not exist.
Brazilian Diamonds' focus will be on the alluvial gravels in the
portion of the river valley where the highest concentration of +300
carat diamonds have been recovered to date.
Harrison Cookenboo, Ph.D., P.Geo., is a Qualified Person by the
standards of NI43-101, and has approved the contents of this news
release. Further details of the projects are available in NI43-101
technical report filed on www.sedar.com in March, 2007.
For further information contact:
Kenneth P. Judge, Chairman
Tel: + 44-7733 001 002
Stephen Fabian, President & CEO
Tel: + 55-31- 9186 4660
Jon Bey, Investor Relations
Tel: 1-866-689-2599
Email: jbey@braziliandiamonds.com
Hanson Westhouse Limited (Nomad to the Company)
Tim Feather / Matthew Johnson
Tel: + 44 113 246 2610
---END OF MESSAGE---
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
Brazilian (LSE:BDY)
Historical Stock Chart
From May 2024 to Jun 2024
Brazilian (LSE:BDY)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Brazilian (London Stock Exchange): 0 recent articles
More Brazilian Diamonds Limited News Articles