Majescor, Vaaldiam Find 58 Diamonds at Brazilian Mine

Jan 21, 2007 3:48 AM By Jeanette Goldman

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RAPAPORT... Ottawa based Majescor Resources Inc., and joint venture partner Vaaldiam Resources Ltd., recovered 58 diamonds (weighing a total of 7.74 carats) from a diamond mine in Bahia, Brazil. The five largest diamonds recovered weighed in at 1.13 carats, 0.56 carats, 0.49 carats, 0.46 carats and 0.43 carats.

Of the 58 diamonds recovered from the southern lobe of the Braúna 3 pipe, 12 diamonds with an average weight of 0.43 carats represent 66.7 percent of the total combined weight of the diamonds recovered. Based on a preliminary assessment, 24 percent of the diamonds recovered exhibit octahedral crystal shapes, while 47 percent are either dodecahedral or modified dodecahedral shapes.

The remaining diamonds, representing 29 percent of the parcel, are either flat or broken stones. A preliminary analysis of the diamonds recovered indicate that the color and clarity of the diamonds range from clear to clean white to slightly included, off-color stones. A very small amount of brown stones (4) were recovered in this parcel. All diamonds were recovered on a 0.85 mm square mesh sieve screen.

Approximately 14 tonnes of kimberlite remains to be processed from the northern lobe of the Braúna 3 pipe. An additional 50 tonnes of kimberlite from the 1.0 hectare Braúna 7 pipe has been collected and is currently beeng processed. Results for Braúna 7 are expected by early March 2007.

“The presence of a plus-1 carat diamond in such a small bulk sample and the paucity of brown stones are particularly encouraging,” said Majescor president and CEO Marc-Andre Bernier. “The average diamond grade of 20.54 cpht for the mini-bulk sample is in line with our expectations and has reinforced our confidence in the economic potential of the project,” he added.

Majescor Resources is an exploration company with the largest portfolio of diamond properties in Quebec, as well as projects in Nunavut, the Northwest Territories, Brazil, and Madagascar.