Highlights:
- 16 diamonds, visually identified as gem quality, recovered from five initial sample pits
- Sample recovery plant successfully commissioned and first phase of bulk sampling completed
- Bulk sampling program is being scaled up from 100t to 1,000t per day
- All machinery successfully mobilised to site & exploration camp established
- The acquisition of a double stage Flow Sort
- The acquisition of a second 16ft Rotary Pan
- The acquisition of a 67 ton Excavator
- The acquisition of an RC drill rig to assist in accelerating the definition of palaeochannels & sampling targets is planned
- Field work continuing to confirm extent of gravel deposits.
Mustang Resources Ltd
(ASX:MUS) (“Mustang” or the “Company”) is pleased to provide an update on exploration activities at the Save River Diamonds Project. The Company has agreed to acquire majority interests in two diamond prospecting and exploration licences in Mozambique (Figure 1) which may host alluvial diamond deposits.
For further information please download PDF attached:
