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Alrosa Identifies Potential New Diamond Resources

Three new exploration sites could yield 17.9 million carats of rough.
Dec 9, 2019 6:11 AM   By Rapaport News
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RAPAPORT... Alrosa has identified three new exploration sites that could potentially yield 17.9 million carats of rough across their lifespan, according to preliminary estimates.

The sites are located close to Alrosa’s Mir mine in the Yakutia region of Russia.

“Detecting new diamond deposits in [the] Nizhne-Botuobinskaya area will make a significant contribution to the development of Alrosa’s mineral resource base, and in the longer run, will support [the] financial, economic and social situation in the region,” the company said last week.

Geologists performed testing on the sites, which are located in the company’s Malo-Botuobinksy license area, including magnetic and electric exploration and high-frequency seismic surveys. The team studied a total of 200,000 square meters.

The Russian miner will perform a prospect evaluation survey that will enable it to reach the kimberlite inside. That test will provide further information on the entirety of the deposit’s contents, Konstantin Garanin, Alrosa’s chief geologist, explained.


Image: Rough diamonds. (Alrosa)
Tags: Alrosa, Konstantin Garanin, Malo-Botuobinksy, Rapaport News
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