News

Advanced Search

BlueRock Raises Resource Estimate

Dec 23, 2020 5:29 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
BlueRock Diamonds has increased the estimate of total rough carats available at its Kareevlei mine in South Africa, following a recent drilling program at the site.

The results indicate total carats at the mine to be 513,500, a 52% increase over the 367,000 originally forecast in 2018, the company said Tuesday. So far, BlueRock has mined 28,500 carats from the site. The drilling also revealed a 6% improvement in the carat grade.

The increased resources will extend Kareevlei’s mine life, said BlueRock CEO Mike Houston.

“The results generated from the recent drilling are a very important development for BlueRock. The provisional resource estimate would provide for a mine life of a minimum of 10 years,” he noted. “The company expects to undertake further work in 2021…which [is] expected to increase the resource and the life of the mine further.”

Image: Rough diamonds from Kareevlei mine. (BlueRock Diamonds)
Tags: BlueRock, BlueRock Diamonds, Kareevlei, Kareevlei mine, Mike Houston, Rapaport News
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.