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Dolat Ventures to Expand Drilling in Sierra Leone
Jul 16, 2012 2:44 PM
By Ricci Dipshan
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RAPAPORT... Dolat Ventures Inc., a diamond development company focused on West Africa, announced its plans to initiate resource expansion drilling of its diamond project in Sierra Leone at the Baimbawai Pool on the Sewa River. Dolat Ventures also will appoint CAE Mining Africa to oversee the exploration-drilling program, independently verify the technical data collected and update the current resource model with technical data.
On the expansion, Dovid Hauck, the president of Dolat Ventures, said, "We are firmly focused on significantly expanding the resource at the Baimbawai Pool on the Sewa River, which has shown exciting potential to date. This drilling and evaluation program is intended to double Dolat's existing inferred diamond carat resources." The company also intends to embark upon a pre-feasibility study in order to better define the economics of the resource, prior to the onset of trial mining.
“At current grades and diamond values, the Baimbawai Pool on the Sewa River potentially maybe one of the highest known value per tonne kimberlites globally. We intend to be drilling and upgrading the resource statement during the fourth quarter of this year and I look forward to updating shareholders as we progress," Hauck said.
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Tags:
Dolat Ventures, Dolat Ventures Inc., Ricci Dipshan
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