Sparkling results for Reefton Mining

LONDON – Reefton Mining said all of its sites sampled in Namibia returned 327 diamonds for 79,98 carats, until mid-December 2003.

The total diamond recovery to date is 590 diamonds for 141,75 carats and the diamonds are of exceptional high quality, clarity, colour and crystal shapes, ranging up to 2,3 carats in size, and averaging 0,24 carats, according to the company. The on-going program of exploration and bulk sampling has now extended the presence of known diamondiferous modern and fossil beach gravels to over 45 kilometres of the company’s concessions.Investigations indicates there may be diamonds in Reefton’s concessions for a further 200 kilometres to the north of Mowe Bay towards the Namibian/Angolan border.”There is every expectation that the gravel beaches are diamondiferous throughout Reefton’s concessions.Recorded diamond production from old prospecting sites to the north at Rocky Point, Sarusas and Cape Fria, and to the south at Henties Bay support this,” the company said.Reefton also announced recently that it was finalising an agreement to acquire an 80 per cent interest in EPL 2742.This concession adjoins the company’s existing concessions, to the north, bringing the total coverage of the diamond-bearing beach deposits held by the company to 310 kilometres.A new FlowSort diamond sorter has been purchased in South Africa and will be delivered by early February 2004.This will remedy a constraint in the bulk sample process system and allow a vast improvement in the speed of processing concentrate and obtaining results of diamond content, Reefton said.- Dow JonesThe on-going program of exploration and bulk sampling has now extended the presence of known diamondiferous modern and fossil beach gravels to over 45 kilometres of the company’s concessions. Investigations indicates there may be diamonds in Reefton’s concessions for a further 200 kilometres to the north of Mowe Bay towards the Namibian/Angolan border. “There is every expectation that the gravel beaches are diamondiferous throughout Reefton’s concessions. Recorded diamond production from old prospecting sites to the north at Rocky Point, Sarusas and Cape Fria, and to the south at Henties Bay support this,” the company said. Reefton also announced recently that it was finalising an agreement to acquire an 80 per cent interest in EPL 2742. This concession adjoins the company’s existing concessions, to the north, bringing the total coverage of the diamond-bearing beach deposits held by the company to 310 kilometres. A new FlowSort diamond sorter has been purchased in South Africa and will be delivered by early February 2004. This will remedy a constraint in the bulk sample process system and allow a vast improvement in the speed of processing concentrate and obtaining results of diamond content, Reefton said. – Dow Jones