6th Feb 2015 13:59
LONDON (Alliance News) - Golden Saint Resources Ltd on Friday said it has recovered two small white diamonds from the Baja mine in Sierra Leone, is awaiting the return of processed diamonds by Parikh Brothers in Mumbai, and is making moves to try to mitigate the impact of the Ebola outbreak in Sierra Leone.
The miner said it has found two white diamonds of approximately 0.970 carats and 0.820 carats from concentrates as part of the bulk sampling process at the Baja mine in Sierra Leone. It said the diamonds are not significant in value, but added a light coloured purple 2.45 carat diamond and a light coloured purple 0.525 carat diamond also were recovered from the concentrate.
The company also said it is now awaiting the return of gem quality diamonds sent in October to the Parikh Brothers in Mumbai for cutting and polishing. Of the 204 carats sent, 133 were gem quality and after processing gave 49 carats, a 37% yield.
From that yield, approximately 656 pieces of polished diamonds will be processed, with the majority below 0.3 carats. A further 71 carats were deemed to be industrial quality, it said.
The company also said it is continuing the monitor the situation in Sierra Leone after the outbreak of the Ebola virus in the west African country last year. It said it is trying to work around the situation and is hoping its management team and technical team will be able to be back on the ground in due course.
It is currently making arrangements for the Dove Explorer to move to its Tongo mining concession in the country to start bulk sampling.
Golden Saint shares were down 25% to 0.24 pence on Friday afternoon, one of the worst performers in the London Main Market.
By Sam Unsted; [email protected]; @SamUAtAlliance
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