POZ Minerals Limited (ASX: POZ) is developing the Company’s Blina Diamond Project in the Ellendale Region of Western Australia . The Company is currently focused on delivering bulk sampling and trial mining operations of alluvial diamonds with a particular focus on high-value fancy yellow diamonds.
The Blina Diamond Project in the Ellendale Diamond Province of WA’s Kimberley Region is 100% owned by POZ Minerals Limited (‘POZ’ or the ‘Company’). The project consists of four granted mining leases and two exploration leases within an area of 161 km2, situated 100km east of Derby.
A diamond bearing alluvial palaeochannel named Terrace 5 extends over some 40km of the POZ project area, with channel widths of 200m to 500m. The largest diamond recovered to date from Terrace 5 weighed 8.43 carats (from Pit 82, Figure 1), with stones larger than two carats common.
The key to exploring the Terrace 5 diamondiferous channel is to find the best alluvial trap sites which are most likely to host the highest diamond grades, these trap sites usually occur around the sediment/bedrock contact. POZ Minerals has completed a ground geophysics survey using the latest in Ground Penetrating Radar (GPR) technology and the Company believes we now have a fast and inexpensive breakthrough technique which can discover these trap sites and their highly prospective diamondiferous gravels. Bulk sampling of these targets is scheduled to commence this year.
Stock Exchange Listing:
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POZ Minerals Limited is developing the Company’s Blina Diamond Project in the Ellendale Region of Western Australia . The Company is currently focused on delivering bulk sampling and trial mining operations of alluvial diamonds with a particular focus on high-value fancy yellow diamonds.
Board of Directors:
- Jim Richards – Executive Chairman
- Mark Thompson – Non-executive Director
- Grant Mooney – Non-executive Director and Company Secretary
Why should investors invest in you?
POZ Minerals presents a unique opportunity to invest in a low-capex, near-production diamond story which will be fully permitted. Production will include the fabled ‘Ellendale ‘Yellows’, which are some of the worlds priciest and most sought after gems. All of this is in the stable jurisdiction of Western Australia. Importantly, all of the diamonds produced will be conflict free which adds to the potential for branding.
POZ Minerals (ASX: POZ) will be presenting their mining projects to prospective investors at Energy Mines and Money Australia. Claim your complimentary investor pass now.