BlueRock Diamonds PLC Recovery of 9.7 Carat Diamond (6201Y)
10 September 2020 - 6:26PM
UK Regulatory
TIDMBRD
RNS Number : 6201Y
BlueRock Diamonds PLC
10 September 2020
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
10 September 2020
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Recovery of 9.7 Carat Diamond
BlueRock Diamonds plc, the AIM listed diamond mining company,
which owns and operates the Kareevlei Diamond Mine in the Kimberley
region of South Africa ('Kareevlei' or the 'Project'), is pleased
to announce that it has recovered a 9.7 carat diamond with an
initial independent valuation estimate of $75,000. This marks the
second high value stone recovered at Kareevlei in the quarter.
Mike Houston, Executive Chairman commented , "I am very pleased
to be able to inform the market of the recovery of yet another high
value diamond. I note that high quality run of mine diamonds have
been recovered in addition to this high value stone. As we make
further progress mining from KV Main Pit, the frequency of
recovering high value stones is expected to continue to improve and
further underpin the potential of the Kareevlei mine."
Market Abuse Regulation (MAR) Disclosure - Certain information
contained in this announcement would have been deemed inside
information for the purposes of Article 7 of Regulation (EU) No
596/2014 until the release of this announcement.
**ENDS**
For further information, please visit BRD's website
www.bluerockdiamonds.co.uk or contact:
BlueRock Diamonds PLC mhouston@bluerockdiamonds.co.uk
Mike Houston dfacey@bluerockdiamonds.co.uk
David Facey, FD
SP Angel (NOMAD and Broker) Tel: +44 (0)20 3470 0470
Stuart Gledhill / Caroline Rowe
---------------------------------
St Brides Partners Ltd (Financial Tel: +44 (0)20 7236 1177
PR)
Isabel de Salis / Cosima Akerman
---------------------------------
Notes to editors:
BlueRock Diamonds is an AIM-listed diamond producer which
operates the Kareevlei Diamond Mine near Kimberley in South Africa
which produces diamonds of exceptional quality and ranks in the top
ten in the world in terms of average value per carat. The Kareevlei
licence area covers 3,000 hectares and hosts five known
diamondiferous kimberlite pipes. As at November 2018, it was
estimated that the remaining Inferred Mineral Resource from the
four kimberlite pipes (KV1, KV2, KV3 and KV5) represents a
potential inground number of carats of 367,000.
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END
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