BlueRock Diamonds says it has recovered a 9.7 carat diamond with an initial independent valuation es
BlueRock Diamonds PLC (LON:BRD), which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, announced that it has recovered a 9.7 carat diamond with an initial independent valuation estimate of $75,000.
The AIM-listed diamond mining company noted that this marks the second high-value stone recovered at Kareevlei in the current quarter.
In a statement, Mike Houston, BlueRock’s executive chairman commented: “I am very pleased to be able to inform the market of the recovery of yet another high-value diamond. I note that high-quality run of mine diamonds have been recovered in addition to this high-value stone.
“As we make further progress mining from KV Main Pit, the frequency of recovering high-value stones is expected to continue to improve and further underpin the potential of the Kareevlei mine.”
Earlier this month, BlueRock reported that in August it processed 41,000 tonnes of ore from the main pit of its Kareevlei mine in South Africa, with the diamonds mined improving significantly to an average grade of 5.1 carats per hundred tonnes (cpht).
Houston said then that the grade of diamonds recovered in August had improved on the first half of 2020, where grades averaged 3 cpht. The grades were also “well above” the firm’s internal target of 4 cpht.