Stellar Diamonds kicks off Tongo drill programme
Stellar Diamonds has kicked off an important drill programme that aims to double resources at the Tongo project in eastern Sierra Leone.
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Stellar Diamonds has kicked off an important drill programme that aims to double resources at the Tongo project in eastern Sierra Leone.
“We believe that the average diamond value will increase and therefore move the value of Stellar’s Droujba kimberlite upwards,” DS said in a note to clients.
Paragon Diamonds is putting together a compelling proposition using a blue-print more commonly found in the gold sector.
Stellar Diamonds said it continued to make “strong progress” as it advances its Droujba kimberlite pipe in Guinea through the bulk sampling phase. It processed a total of 2,023 dry tonnes of ore in its phase-two programme f
Gemfields said it saw “solid overall demand” for emeralds and beryl put up for auction earlier this month in Jaipur, India.
Stellar Diamonds’ key projects, located in the West African Diamond Fields, are the Droujba Kimberlite Pipe in Guinea and the Tongo Fissure in Sierra Leone
An increase in demand from Chinese consumers could make diamonds an attractive proposition for investors, according to Bank of America Merrill Lynch.
Increased demand for Gemfield’s emeralds and improving production rates are helping to position the company for ongoing growth, heavyweight broker JP Morgan Cazenove said today.