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Stellar Diamonds Drilling Confirms Kimberlite Depth at Droujba Site to 120 Meters


Post Date: 17 Dec 2010    Viewed: 498

Three drill holes at Stellar Diamonds' Droujba site in southeast Guinea have confirmed the site's kimberlite depth to 120 meters and first batch of drill core has been sent to Canada to be analyzed for the presence of microdiamonds, the company announced Wednesday.




Stellar Diamonds owns a number of diamond projects in West Africa, two of which are currently in production.




By June 28, 2010, the company's Mandala and Bomboko diamond mines, both in Guinea, produced 78,000 carats and 4,000 carats, respectively, of rough diamonds. The diamonds yielded provided over $2.7 million in revenue for Stellar Diamonds.




Both projects are being expanded with the goal of increasing diamond production.

 


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