Diamonds (and rumours of their existence) are not new in Mozambique since colonial times (DIAMANG’s DIAMOC subsidiary had some activity in Mozambique). Later on, kimberlite were discovered/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. You may read the full news releases here: 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; the company’s October 2014 presentation in OGIGROUPLTD PROJECTS_28Oct. Or, if rather prefer, at ASX website.
Mustang Resources Limited (ASX:MUS), formally called OGI Group Limited, is an…
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