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Oraco Resources Announces Potential Diamond Mine

Written by Investing News Network
|
Jun. 05, 2012 11:19AM PST

Oraco Resources, Inc. (OTCQB:ORAC) announced two diamond companies in Nimini Hills have reported significant findings which demonstrate a tremendous potential.

Oraco Resources, Inc. (OTCQB:ORAC) announced two diamond companies in Nimini Hills have reported significant findings which demonstrate a tremendous potential.

As quoted in the press release:

One of these companies, Stellar Diamonds, PLC, announced that it had completed the final bulk sampling of diamond grades and values from its Lion-5 kimberlite dyke at their site in the Kono District in eastern Sierra Leone. Stellar’s site is approximately 3.6 miles north and ¾ of a mile east of Oraco’s Nimini Hills holdings. Stellar reported that its final bulk sampling produced an in-situ (In place or position; undisturbed) grade of 90-cpht. The intriguing aspect of this report is that its kimberlite dykes run from the north-east portion of Stellar’s holdings towards the south-west portion.

Click here to read the Oraco Resources, Inc. (OTCQB:ORAC) press release.

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