Monday 26 March 2012

Stellar Diamonds STEL.LN Massive JORC on Tongo Kimberlite Project Sierra Leone

Stellar Diamonds STEL.LN Shining Bright in Sierra Leone 

Stellar Diamonds is London AIM's leading diamond exploration company today announce a maiden resource for the Tongo kimberlite dyke project in eastern Sierra Leone.
With ex De Beers people steering the ship, Sierra Leone on the up and China falling in love with diamonds like never before and with leading London Broker Daniel Stewart supporting them in the market, Stellar have a future brighter than diamonds.





Highlights:



· 660,000 carats JORC compliant inferred resource for Dyke-1

· Resource grade of 120 carats per hundred tonnes (+1.0mm cut-off)

· High quality diamond value, modelled at between $225 per carat to $270 per carat (+1.0mm cut-off)

· In-situ contained diamond value estimated by Stellar to be between $148m and $178m to date

· The kimberlite remains open along strike and at depth

· Potential to grow the resource at Dyke-1 as well as adjacent dykes

Brazilian Gold Corp BGC.TSXV Massive Gold Grades Discovered at BOA VISTA Northern Brazil


Brazilian Gold Corp BGC.TSX.V The fast track developer of large scale low cost open pit gold projects in Northern Brazil report significant gold grades at their Boa Vista Gold Project in Northern Brazil. 

The results suggest BOA Vista has the potential to be a world-class low cost open pit large scale gold mine operation with what could be astonishing grades going through the planned process treatment facility. Boa Vista is supported by turn on ready infrastructure and has the potential to be in production over the near term. With grades like the ones just reported, Brazilian Gold Have Really Struck Gold!!!!!!!!!!!


HIGHLIGHTS

VGD-011-12 intersected 2.0 m grading 9.70 g/t and 1.5 m grading 10.7 g/t within an interval of 38.5 m grading 3.50 g/t gold; the 38.5 m interval is within a larger mineralized envelope of 97 m grading 1.72 g/t gold.
VGD-013-12 intersected 31.0 m grading 1.47 g/t gold within a larger mineralized envelope of 90.6 m grading 0.65 g/t gold.
       VGD-011-12 and VGD-013-12 are located approximately 225 m and 420 m, respectively, southeast of previously reported drill hole VGD-001-11, which intersected 29.6 m grading 3.09 g/t and 13.58 m grading 2.80 g/t gold within a larger mineralized envelope of 102.3 m grading 1.43 g/t gold.

 *The nine holes completed in this program at the VG1 target have intersected wide intervals of alteration and mineralization over a strike length of 600 m; mineralization is open down dip and along strike.

*The drill program has tested the eastern portion of the VG1 gold-in-soil anomaly (2,000 m long) and an additional 1,400 m of strike length remains to be tested by drilling.
*Near surface gold mineralization at the VG1 target has the potential to be mined by low cost open pit extraction.
*VG1 target represents one of several highly prospective gold targets identified on the Boa Vista project.
*Induced polarization (IP) survey (approx. 60 line km) has been completed and is currently being processed and interpreted.