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Paragon Diamond Announces Exploration Results
Apr. 13, 2012 02:44PM PST
Gem InvestingMining Weekly reported Paragon Diamonds (LSE:PRG) on Friday reported micro-diamond grades at its Motete dyke project, in Lesotho.
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.
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