DFI Recovers 20,916 carats at LuderitzJuly 07, 04
Diamond Fields International recovered 59,578 diamonds totaling 20,916 carats, 95 percent of them gem quality diamonds during the first 22 days of mining in the western limb (MF5) of its Marshall Fork deposit off the coast of Luderitz, Namibia.
The goods, recovered by the MV Kovambo’s seabed crawler will be split 50/50 with Leviev’s Samicor Mining Services, DFI's joint venture partner in the mining of the ML111 marine diamond concession.
A feasibility study estimates the diamond concession has an indicated resource of 1.1 million carats with a grade of 1.01 carats per square meter.
Chief geologist Randal Cullen reported that recovered grades have exceeded expectations by more than 150 percent and included several stones in excess of 5 carats including one gem quality stone in excess of 12 carats.