Post by Franko10 ™ on Sept 16, 2004 10:25:35 GMT -5
DIAGEM is pleased to announce that it has completed its first “Land Access and Collaborative Working Arrangement” Agreement (the “Agreement”) with a land owner whose farm overlies approximately 1,200 hectares of two of the Company’s 10,000 hectare Mineral Rights, known as Properties 213 and 214, in the Juina Diamond Province, Mato Grosso State, Brazil.
This farm hosts four known diamondiferous kimberlite pipes, a number of further kimberlite targets, extensive high priority alluvial gravels, as well as the Fazenda Chicoria Resource Block #1, the site of the Company’s current diamond production. The farm is well known to contain diamonds of larger than usual size.
Diagem will allocate a small piece of land to the landowner where he can legally recover diamonds (alluvial only) as a garimpeiro (small scale artisan miner). For this, Diagem is given free and unfettered access to all of the farmer’s property, so that exploration work (kimberlite and gravel), road building, construction of water reservoirs and tailings dams etc., can be conducted without hindrance.
Furthermore, the arrangement provides Diagem with the right of first refusal to purchase all diamonds recovered from the landowner’s garimpo. This gives the Company a second source of diamonds and the opportunity to add significant value through sorting, marketing and cutting and polishing. Diagem will use its Sortex facility to process the concentrate from the farmer’s garimpo to control the recovery of diamonds and will charge a percentage of the value of the diamonds for this service.
For and on behalf of
DIAGEM International Resource Corp.
"Dr. Mousseau Tremblay"
President
This farm hosts four known diamondiferous kimberlite pipes, a number of further kimberlite targets, extensive high priority alluvial gravels, as well as the Fazenda Chicoria Resource Block #1, the site of the Company’s current diamond production. The farm is well known to contain diamonds of larger than usual size.
Diagem will allocate a small piece of land to the landowner where he can legally recover diamonds (alluvial only) as a garimpeiro (small scale artisan miner). For this, Diagem is given free and unfettered access to all of the farmer’s property, so that exploration work (kimberlite and gravel), road building, construction of water reservoirs and tailings dams etc., can be conducted without hindrance.
Furthermore, the arrangement provides Diagem with the right of first refusal to purchase all diamonds recovered from the landowner’s garimpo. This gives the Company a second source of diamonds and the opportunity to add significant value through sorting, marketing and cutting and polishing. Diagem will use its Sortex facility to process the concentrate from the farmer’s garimpo to control the recovery of diamonds and will charge a percentage of the value of the diamonds for this service.
For and on behalf of
DIAGEM International Resource Corp.
"Dr. Mousseau Tremblay"
President