Paragon Diamond Announces Exploration Results

Mining Weekly reported Paragon Diamonds (LSE:PRG) on Friday reported micro-diamond grades at its Motete dyke project, in Lesotho.

As quoted in the market news:

The company, which completed a micro-diamond sampling programme in March, undertook grade modelling across the dyke, based on 2 655 diamonds recovered from the 1 355 kg of sample material processed to date.

Further, a provisional diamond value for an initial parcel of 1 000 ct was estimated at $160/ct for +0.85 mm diamonds and $200/ct for +1.18 mm diamonds.

Click here to read the full Mining Weekly report.