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Picked up a little @ 1.05
EET article from miningweekly.co.za
Tirisano Diamond MIne, North-West
--------------------------------------------------------------------------------
Name: Tirisano Diamond Mine
Location: Nooitgedacht 131 IP farm, Ventersdorp, North-West province.
Brief history: The first recorded diamond production from the Ventersdorp district actually came from the Nooitgedacht 131 IP farm in 1926. Small-scale mining has taken place periodically over the years and historic records to 1984 indicate a minimum of 24 494 carats were recovered from this farm and approximately 2,6 million carats from the district as a whole. The alluvial diamond deposits occur in gravel runs in an elongated palaeodrainage system which flowed in a north–south direction across dolomites of the Transvaal Supergroup. Mountain Lake Resources Inc, through its South African subsidiary Mountain Ash (Pty) Ltd, acquired the mineral rights in early 1993. In 1995 Ashton Mining Limited entered a joint-venture agreement with Mountain Ash and carried out exploration and evaluation of the gravel runs which confirmed the continuity and considerable thickness of the deposits (up to 40 metres). Ashton withdrew from the joint venture in 1998 and Mountain Ash subsequently leased the property to Whiterock Minerals Limited which did further drilling but did not develop the project. In June of 2000 Mountain Lake and Etruscan Resources Inc reached an agreement to develop the property. In November of 2002 the Tirisano Diamond Mine was officially opened with a capacity to process 665 000 cubic metres a year with scheduled production of 19 200 carats a year. The project is now operated by Etruscan Diamonds.
Brief description: The mine site is situated 150 kilometres west of Johannesburg, and 20 kilometres north of Ventersdorp.
Products: Diamonds.
Mining method: Opencast.
Reserves: 12,3 million cubic metres at an average grade of 2,8 carats per 100 cubic metres, with an average value of $420 per carat.
Resources: Undeveloped but potential estimates on gravel volumes from three contiguous farms approaching 50-million cubic metres.
Geology: Diamondiferous gravels have been developed on karst topography cut into dolomitic bedrock of the Transvaal Supergroup. Two main palaeochannels occur on the property – the East and West gravel runs. Mining is currently taking place near the centre of the 15-kilometre-long East gravel run. Structural features control the formation of the karst topography with solution gullies and chert reefs being associated with faults, dykes and other lineaments. Several deep ‘potholes’ occur along the gravel runs and are natural sites for mine development as at Tirisano, where gravels are up to 60 metres thick. Gravels typically comprise poorly-sorted clasts supported in a clayey matrix, with abundant ferromanganese accretions in places, normally within the upper few metres.
Major infrastructure and equipment: The mining fleet utilises 80-ton excavators and 40-ton articulated dumptrucks contracted from MCC Group. Run-of-mine gravel is delivered to a 200 t/h processing plant comprising a 2,4 m diameter x 5,2 metre long scrubber, desanding unit, and double-deck screen and finally to a 50 t/h dense-media separation (DMS) section. Diamonds are recovered using X-ray sorting machines.
Future prospects: The current reserve of 12,3 million cubic metres would sustain the current operation for 20 years. However, the operation is undergoing phased expansion to double production and engineering is under way to construct a much larger processing plant that would increase throughput to 2,7 million cubic metres a year, producing 78 000 carats a year. In addition to the three original farms surrounding Tirisano, Etruscan Diamonds controls 25 properties in the Ventersdorp district and five properties in the Lichtenburg district.
Controlling company: Etruscan Diamonds (Pty) Ltd is held 51% by Etruscan Resources Inc, 25% by Mountain Lake Resources Inc, and 24% by others.
Mine manager: Danie van der Merwe
Unique features: First commercial-scale alluvial diamond-mining operation in the Ventersdorp district; established socioeconomic initiatives with the local Mogopa community supporting health, education and agricultural activities.
Contact details:
Tel: 083 6286038
Fax: 082 6286026
Website: www.etruscan.com
NDM check out Sept.27 segment #3
http://www.kuik.com/KH/KH.html
test
Regarding Copper this is from the stockhouse link you posted:
"Evy Hambro, who runs Merrills World Mining fund as well as participating in the management of The Merrill Lynch Gold & General Fund, has become a strong advocate of copper. Demand for copper between 2001 and 2002 was propped up by China, which now consumes about a quarter of the worlds output. In industrial terms, the biggest consumers are construction and electronics. The building boom in China is stoking demand and will continue to. Mr Hambro argues that a number of factors are now in play that should drive the price of the red metal higher. Demand in the West will improve as the economy picks up in the US, while supply will remain constrained because few new large mines plan to start production over coming years. Consolidation in the base metals mining industry should also lead to greater discipline and a higher price, he reasons. Consequently, his own portfolio has moved from an underweight position in copper to hugely overweight. Copper may well be the new gold"
Merrill World Mining fund chart:
This is from the IMN website:
"Inmet is a small cap company with a significant
production base instead of a pure exploration focus. Inmet is
highly levered to changes in the price of copper, which the
Company sees as a viable and long-term business on which
to focus. Given the nature of the mines in which Inmet has
interests, the Company also has exposure to other metals
such as zinc and gold. Inmet’s copper production costs are
below the average of worldwide copper production."
Another large investment. IMN David Beatty
09-04 700 @ 8.85
09-10 3400 @ 9.09
09-11 5900 @ 9.05
2003-09-26 10:37 MT - News Release
Ms. Alexandra Sfatcos reports
INMET TO HOST CAYELI AND PYHASALMI TOURS
Inmet Mining will be hosting tours of its 55-per-cent-owned Cayeli and 100-per-cent-owned Pyhasalmi mines to a group of mining analysts during the week of Sept. 29. The Cayeli tour will take place on Tuesday, Sept. 30. The Pyhasalmi tour will take place on Friday, Oct. 3.
Powerpoint slides of site presentations will be posted on Inmet's Web site at 9a.m. ET on the day of each tour.
KNN 09-12 50k @ 1.07 oil & gas play
Insider buying NDM http://www.investorshub.com/boards/read_msg.asp?message_id=1508929
Here is a big purchase for you. NDM a Lawrence Roulston pic.
09-18 150k @ 2.35 bought on the dip
MTK 09-22 5k @ 2.58-2.65 Growth stock.
I will watch this one and if it corrects I may pick some up.
SR - jv with TVC in Ireland and with SWY (diamonds)
07-04 80k @ .25
07-11 10k @ .30
09-17/19 10k @ .32
Just depends, I like to see accumulation.
With Molycor this insider is a trader. Since May has actually reduced his position by about 200k shares. He has bought alot in the past for .07-.09 and sold for .11. May be worth watching if he continues to buy at .12 but I would expect to see him to continue trading.
I have gone through it and will be posting more tonight. Although I did miss Molycor.
ADD --> Mr. Power is a bit of a "trading fool". He buys and sells alot, no accumulation going on here and other insiders mostly selling.
Yes , good way to spend some of the pile we are going to make on BCP... make that a flat sceen <vbg>
I agree. eom
Your welcome. I always leave something on the table for others... usually at reduced prices!
EET insiders bought the dip
09-09 22k @ 1.64
09-17 9k @ 1.72
BDR 09-15 47.5k @ .28 good timing
Only thing I don't like about this one is the symbol... SUEeeeeee
John McCluskey buying AGI http://www.investorshub.com/boards/read_msg.asp?message_id=1504565
AGI buying again
09-16 10k @ 1.65
09-17 10k @ 1.61
In CDY @ .55
Out CNI @ 13.15
SUE
09-03 50k @ 1.52
09-11 25k @ 1.50
up 8% today @ 1.78
You were right, a couple more insiders have joined in.
Bev Funston bought 10k @ .13 on 09-15
Steve Vanry from 09-05to19 bought 192k avg price about .135
Rahoul Sharon continues to buy:
14k @ .16 09-16
10k @ .165 09-18
5k @ .155 09-19
25k @ .145 09-19
DOS another 10,000 @ .46 on the 19th, I own some
In CNI @ 13.22
Ya I think those Mongolian tents are cool but my wife liked the Romanian chalets better.
Good luck with THTHF. I am out @ .005 from .004 held it long enough
GBU "Gabriel says it now owns about one third of the houses which leaves its investors long rural Romanian real estate"
That's why I bought it <vbg>
"Honey, we own a time share in Romania now" LOL
My gas pipe trust FCE is perking up
I might sell 1/2 @ .60 ...8>)
In EDV @ 3.55
ASX pr, more to come I am sure
Alberta Star Development Corp ASX
Shares issued 14,415,216 Sep 23 close $0.17
Wed 24 Sept 2003 News Release
Also (JBA)
Mr. Tim Coupland reports
ALBERTA STAR OPTIONS JABA'S PROVIDENCE "GOLD SUPER PROJECT" IN BEATTY,
NEVADA; DRILLING SCHEDULED
Alberta Star Development has optioned Consolidated Jaba's Providence gold
project situated 1.2 kilometres northwest of the mining town of Beatty,
Nev. Jaba's Providence gold project is a volcanic tuff hosted gold-silver
target located in southwestern Nevada on the eastern edge of the
Montgomery-Shoshone pit of the Barrick Bullfrog mine complex, a past
high-grade gold producer. This prolific mining area has produced almost
four million ounces of gold equivalent (combined gold and silver) since the
discovery of the Montgomery-Shoshone and Providence mines.
Option agreement -- Providence "gold superproject"
Alberta Star can earn an 80-per-cent interest in the Providence gold
project from Jaba by:
committing to a 1,500-metre drill program by June 30, 2004:
completing $800,000 (U.S.) in exploration in stages over the next four
years; and
issuing 650,000 shares to Jaba over four years, subject to TSX Venture
Exchange approval.
Upon completing the above, Alberta Star will have earned a 70-per-cent
interest in the project, which will increase to 80 per cent upon the
completion of a bankable feasibility study.
Work program -- 1,500-metre drill program set to commence
Alberta Star, as operator, is presently embarking on a plan to complete an
analysis and integration of existing geological, geochemical and
geophysical data sets. Upon completion of drill permitting by the Bureau of
Land Management (BLM), United States Department of the Interior and data
set review, Alberta Star will mobilize its field crews to refine and
establish high-priority drill targets. A minimum 1,500-metre drill program
will commence shortly thereafter.
Providence/Bullfrog Hills "gold superproject"
The project consists of 45 unpatented and three patented claims that lie
about two miles (1.2 kilometres) from the mining town of Beatty, Nev. The
Bullfrog hills are part of the Timber Mountain Caldera, which is centred
about 25 miles to the east. These claims are part of a large complex
Detachment fault terrain and are host to many high-grade gold occurrences
over 400 square miles. This area has produced over four million ounces of
gold. Technical work including geologic and alteration mapping and detailed
geochemistry suggests that the extension of the same gold mineralization
present across the property boundary which forms the east wall of the
Montgomery Shoshone pit is present in strongly altered and closely veined
tuff on the Providence property.
BCP ->"Mongolian Red Metal Mania ETG, QGX, IVN et al"
oh... ah SEC? hmmm new catagory
Is that a CC pick? ;>)
What is this high volume telling us tf?