Brief list of projects other than M1.
For the benefit of those not receiving an annual report, I have tried to list the various projects in progress.
Angola
----------
Luo alluvial concession (Lunda Norte province)
SUF - 46% of sales proceeds
1998 objective 3,000 carats / month
1997 production 22,000 carats averaging $350/carat.
Camafuca-Camazambo
SUF - 51%
3.3 kilometres long, 500 meters wide
grades sampling from .17 carats/tonne up to .78 carats/ metre.
Considered the largest undeveloped diamondiferous kimberlite pipe in the world.
Klipspringer
-----------------
30 kilometre strike trend over 48,000 hectares
34 farms - 29 SUF - 100% mineral rights
1 SUF - under dispute (Marsfontein)
4 SUF - 50% mineral rights
Projects making up Klipspringer include:
Leopard fissure
est. 6 kilometres long, averaging 1.1 metres wide and
250 metres deep
est. .73 carats/tonne averaging .27 carats in size.
in Aug '97 4,832 carats were sold for $573,662
Sugarbird fissure
est. 6.1 kilometres long, averaging 1.3 meters wide and
200 metres deep.
Sugarbird Pass
100 metres strike length averaging 3 metres wide.
Sugarbird blow
est. 77,000 tonnes of kimberlite at .86 carats per tonne, averaging .21 carats in size
35 x 40 metres at surface
Two months production - 23,000 carats ( 9,816 Mar, 13,184 Apr 98)
Sugarbird and Leopard combined are expected to produce 100,000 carats in 1998 at an estimated cost of $25/tonne
Meinhardskraal Fissures
SUF - 100%
est. strike length 1.7 kilometres, up to 1.5 metres wide
drill core yielded 9 micro-diamonds in 1.6 kilogram sample
Pruissen Pipe
SUF - 100%
identification of irregular kimberlite pipe.
Doornrivier
SUF - 50% / De Beers - 50%
identification of kimberlite occurrence
Northwest Territories
------------------------------
Back Lake
SUF - 70%
MacKay Lake
SUF - 70%
Lac de Gras
Tenby Property - SUF - 75%
Commonwealth Property - SUF - 25% - 4 diamondiferous kimberlite occurences
ATW Project - SUF - 10%
Mackenzie Option Agreement - SUF - 40%
DHK Project - SUF - 25%
Manitoba
166 claims covering 421,890 hectares
Others
----------
Botswana, Zambia, Zimbabwe, Swaziland (2 gold projects)
|
