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Paragon Diamonds Ltd. (LSE:PRG) announced its unaudited preliminary results for the year ended December 31, 2012, commenting that it achieved a number of key objectives, including the establishment of a 1-million-carat resource at its Motete Dyke project.
Paragon Diamonds Ltd. (LSE:PRG) announced its unaudited preliminary results for the year ended December 31, 2012, commenting that it achieved a number of key objectives, including the establishment of a 1-million-carat resource at its Motete Dyke project.
According to the press release, other results highlights include:
- the resumption of bulk sample processing at the Lemphane Kimberlite project;
- initiation of delineation drilling on Lemphane;
- individual stone valuations over $2,300 per carat from a 112 carat parcel from Lemphane;
- installation and commissioning of a steady water supply at Lemphane;
- submission of a Mining Licence Application for Lemphane; and
- disposal of the West African alluvial assets to focus Company resources on southern African projects, particularly in Lesotho.
Click here to read the full Paragon Diamonds Ltd. (LSE:PRG) press release.