|Diamond processing plant on way from South Africa: Venus Metals|
|Friday, 27 May 2011 10:00|
Venus Metals Corporation has purchased a containerised, modular diamond processing plant for its diamond project in Smoke Creek in the Kimberley region of Western Australia.
It is currently in transit from South Africa and is scheduled to arrive in Fremantle in early June and then relocated to the Smoke Creek camp in mid-June.
Venus said the bulk sampling program is on schedule to commence at the end of June.
The inferred resource at the alluvial diamond project, downstream from the nearby Argyle Diamond Mine, is estimated at 17.9 million tonnes at an average grade of 28 carats per hundred tonnes (CPHT) for five million carats using a cut-off of 10CPHT.
The 1979 discovery of alluvial diamonds in Smoke Creek led to the discovery of the world-class Argyle diamond deposit. Prior to mining operations commencing at Arglye in 1985, Argyle Diamond mine in the world, peaking at about 42.8 million carats in 1994. Argyle Diamonds operated an alluvial mine in upper Smoke Creek for many years, supplementing the hard rock production with the alluvial product which had a better quality distribution.
The Venus Smoke Creek alluvial diamond project "contains the same diamondiferous gravels to those already mined by Argyle at upper Smoke Creek," said the company in a statement to the ASX today (Friday).
"Venus' Argyle Smoke Creek diamond deposit potentially provides a new source of genuine, Kimberley process compliant, issue-free Australian diamonds including the rare pinks," said the company.
Pic: Venus containerised plant above - dense medium separation cyclone, container two.
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