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Statut : Mine development |
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Risques / Pays : Important |
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| MineMakers Limited Owner: 100% |
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Titre | Profil de la Compagnie | Tous les projets | Site web de la compagnie | Page projet de la compagnie |
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In terms of the agreement signed on 29th November 2007, Bonaparte’s wholly owned South African subsidiary, Samber Trading 115 (Pty) Ltd will acquire 100% of the issued shareholding in Savanna Diamonds (Pty) Ltd (“Savanna”). The cash consideration for Plus... |
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Mining in the areas was initially undertaken in the early 1900’s and then abandoned due to limestone overburden leaving the deposits undeveloped. More recently, with the capability of modern earthmoving equipment the deposits are now accessible and small scale mining on the channel extension in the adjacent property has been in progress for several years.
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The diamond bearing gravel deposits on the Savanna property are located within an ancient (>180 million year old or Cretaceous age) river channel that lies in a dolomite country rock which is prone to formation of potholes.
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