Proactive Investors - Run By Investors For Investors

Fura Gems files maiden resource estimate for Coscuez mine, a first for Colombian emerald sector

In December last year, the precious stones miner said the project contained around 3 million tonnes of inferred
Pictured are emeralds
The Coscuez project is an emerald mine in Colombia

Fura Gems Inc (CVE:FURA) told investors it had now filed the previously announced maiden resource estimate for the Coscuez emerald mine in Colombia, in which it holds a 76% stake.

In December last year, the precious stones miner said the project contained around 3 million tonnes of inferred mineral resources.

READ: Fura Gems unveils maiden resource estimate for Coscuez Emerald Mine

That was at a grade of 2 carats per tonne for a total of 6 million carats at a conservative value of US$200 per carat.

The NI 43 101 report was the first of its kind at an emerald deposit in Colombia.

Dev Shetty, the president and chief executive of Fura, said the group had already recovered nearly 16,000 carats of emeralds from bulk sampling activities, with the resources estimate providing “additional confidence" to the geological understanding, emerald distribution and the potential value of the stones recovered.

"This historic mine's maiden Mineral Resource estimate is a significant milestone for the Company. We look forward to upgrading the resource estimate to a higher category in the upcoming year," he had said.

 

Contact Giles at [email protected]

View full FURA profile View Profile

FURA Gems Timeline

Related Articles

1532431420_Fura---rubies.jpg
July 24 2018
If it does decide to list in London, Fura will fill the coloured gemstone gap left by the departure of Gemfields
1546097196_Bluerock-Diamonds---illustratitive.jpg
December 31 2018
Bluerock is looking to boost output at Kareevlei by opening up new pits and by bringing new pipes into production
sapphires
December 21 2018
Richland wants to resume mining at Capricorn or find a buyer for the project
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use