International news within the industry of mining and metal, Jun, 26 2019
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Diamond Fields signs deal to develop African zircon project

Photo: Diamond Fields
Photo: Diamond Fields
Published by
Simon Matthis - 22 May 2019

African zircon investment Vancouver-based Diamond Fields has entered into an agreement with Denham Mining Fund’s subsidiary TMH Acquisition to advance its Beravina zircon project in Madagas-car.

 

"The Beravina project is a hard rock zircon deposit with a NI 43-101 Inferred Mineral Resource estimate of 1.5 million tons at 22.7% zircon (ZrSiO4) equivalent to 15.3% ZrO2," Diamond Fields said in a state-ment. "Upon completion of the 2019 Work Program, TMH will have the option … to acquire 100% of the project in consideration of: a net payment of US$2,000,000; and a nine percent (9%) sales royalty".

 

Diamond Fields says it is listed on the Toronto Stock Exchange’s Venture Exchange, and has assets in Madagascar and Namibia.