Mustang Discovers Diamonds in Mozambique

Mining & Minerals - Evaluations / Mineral Exploration Activities - General

Date posted: 06/21/15

Diamonds (and rumors of their existence) are not new in Mozambique since colonial times. Later on, kimberlite were discovered and confirmed by Soviet teams in the (then already independent) country. Until now, the country has seen no industrial diamond production or large scale diamond garimpo activity. That is perhaps about to change. Mustang Resources Limited - an Australian company - has just announced the discovery of alluvial diamonds in the gravels of their concessions along the Save River, in southwestern Mozambique. Full news releases - Mustang Discovers Diamonds - JORC Table 1 (June 16, 2015), Mustang Discovers Diamonds in Mozambique (June 15, 2015) and their previous (June 10, 2015) Save River Diamonds Project Update, and the company October 2014 presentation in OGIGROUPLTD PROJECTS 28 October, 2014. Or, at ASX website. Mustang Resources Limited, formally called OGI Group Limited, is an ASX-listed company focusing on diamond and graphite exploration and mining in Mozambique.