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    VAALDIAM MINING Inc. Diamanten und Gold in Südamerika

    eröffnet am 21.11.10 01:24:32 von
    jensdab

    neuester Beitrag 08.08.12 07:20:58 von
    XIO
    Beiträge: 35
    ID: 1.161.341
    Aufrufe heute: 0
    Gesamt: 1.338


    Beitrag schreiben Ansicht: Normal
    Avatar
    jensdab
    schrieb am 21.11.10 01:24:32
    Beitrag Nr. 1 (40.560.599)
    Dies ist die Fortsetzung des ehemaligen threads von
    TIOMIN Resources Inc.

    Tiomin Resources gibt es nicht mehr und heißt jetzt Vaaldiam Mining.



    PLEASE NOTE THAT TIOMIN RESOURCES INC. HAS CHANGED ITS COMPANY NAME TO VAALDIAM MINING INC. AND WILL RELOCATE TO THE FOLLOWING ADDRESS EFFECTIVE APRIL 6, 2010:


    Tiomin Completes Acquisition of Vaaldiam Resources

    TORONTO, ONTARIO--(Marketwire - March 23, 2010) - Tiomin Resources Inc. ("Tiomin") (TSX:TIO - News) and Vaaldiam Resources Ltd. ("Vaaldiam Resources") (TSX:VAA - News) jointly announced today the closing of the previously announced plan of arrangement (the "Arrangement"), pursuant to which Tiomin acquired all of the outstanding common shares of Vaaldiam Resources in consideration of 0.08 Tiomin common shares (post-consolidation) for each Vaaldiam Resources common share. In connection with the completion of the Arrangement, the common shares of Tiomin have been consolidated on a 10 for 1 basis and Tiomin has changed its name to "Vaaldiam Mining Inc." ("Vaaldiam Mining").

    The Arrangement was carried out pursuant to the provisions of the Canada Business Corporations Act and was approved by the Ontario Superior Court of Justice on March 18, 2010 and the affirmative votes of the Vaaldiam Resources shareholders at a meeting held on March 15, 2010.

    The Vaaldiam Resources common shares are expected to be de-listed from the Toronto Stock Exchange at the close of business on Thursday, March 25, 2010. The Tiomin common shares are expected to begin trading under the name "Vaaldiam Mining Inc." under the symbol "VAA" at the opening of trading on Friday, March 26, 2010.

    Holders of Vaaldiam Resources common shares are reminded that, in order to receive the consideration to which they are entitled pursuant to the Arrangement, they should promptly complete and execute the letter of transmittal delivered to them with their shareholder meeting materials, and present and surrender the certificate(s) representing their Vaaldiam Resources common shares in accordance with the letter of transmittal to Equity Transfer & Trust Company, the depositary for the Arrangement, at the address indicated on the letter of transmittal. Failure to present and surrender the certificate(s) representing such common shares on or before the sixth anniversary of closing will result in the termination of any entitlement of the holder of such common shares to receive the consideration otherwise payable to such holder under the Arrangement.

    Vaaldiam Mining will have the following attributes:




    -- Immediate Production: Diamond and gold production to resume at the 100%-
    owned Duas Barras mine, which operated profitably prior to being placed
    on care and maintenance as a result of the global financial crisis;

    -- Strong Balance Sheet: Approximately Cdn$15.5 million in cash, net of
    transaction costs, to fund exploration and development and to settle
    Vaaldiam Resources' outstanding liabilities;

    -- Production Growth: Staged resumption and growth of production at its two
    100%-owned diamond mines and the expansion of resources through
    exploration and development of the mines' exploration properties.
    Initial diamond production at Duas Barras, pre-expansion, is projected
    to be:

    -- 20,000 carats in 2010

    -- 40,000 carats in 2011

    The anticipated restart of the Chapada mine and the development of
    the Brauna kimberlite project, which is currently conducting a bulk-
    sampling program, are, if successful, expected to significantly add
    to this production;

    -- Advanced Diamond Development Pipeline: In addition to becoming South
    America's largest diamond producer, Vaaldiam Mining will hold interests
    in three advanced-stage kimberlite deposits in Brazil and Canada and
    also own a large exploration database of kimberlite occurrences in
    Brazil;

    -- Experienced Board and Management: The directors and management of
    Vaaldiam Mining are extremely experienced and have a track record of
    success in realizing shareholder value. The local teams in Brazil and
    Canada are highly-skilled and experienced operational and exploration
    professionals; and

    -- Undervalued Portfolio of Other Assets: Vaaldiam Mining inherits a high
    potential portfolio of investments from Tiomin, which can be sold in the
    future:

    -- An agreement with Compania Minera Milpo S.A. ("Milpo") on the
    Pukaqaqa copper-gold project in Peru, whereby Vaaldiam Resources
    receives US$4 million if the project reaches commercial production
    and an additional US$4 million one year later. In addition, Vaaldiam
    Mining receives a 1% NSR on all mineral production from the current
    Pukaqaqa property package if the quarterly London Metal Exchange
    copper price averages US$3/lb or less and a 2% NSR above US$3/lb.
    The NSR also applies to any properties subsequently acquired by
    Milpo within 15 km of the boundaries of the existing property
    package. Tiomin recently received US$7 million from Milpo as part of
    the transaction and previously disclosed details of the property's
    resources which contain two billion pounds of copper and 500,000
    ounces of gold;

    -- An agreement regarding the Kwale titanium project in Kenya that may
    see Vaaldiam Mining receive a cash payment of US$3 million and a
    1.5% royalty on gross revenue from the project;

    -- An unlisted investment in Kivu Gold of 10.6 million shares with an
    accounting value of Cdn$1.67 million on the books but which recently
    completed a private placement at Cdn$0.50 per share;

    -- Additional listed securities valued at approximately Cdn$1.8
    million; and

    -- A receivable of Cdn$855,000 from Freegold Ventures Limited
    (TSX:ITF - News), which may be converted to equity at a discount in the
    future.


    Vaaldiam Mining will be a leading diamond production, exploration and development company with a pro-forma market capitalization of $25 million based on Tiomin's closing share price of Cdn$0.035 on Monday, March 22, 2010.

    Robert Jackson, Chief Executive Officer of Vaaldiam Mining said "Your company now has a solid balance sheet and it is anticipated that it will have imminent cash flow from operations. We have excellent diamond and gold exploration potential, seasoned management and a product, rough diamonds, where demand outstrips supply. We feel more confident about the outlook than at any time in recent years."

    Tiomin's Robbert Borst is a "qualified person" under National Instrument 43-101 and has reviewed the technical information contained in this press release.

    Wer sich für den historischen Tiomin thread interessiert:

    http://www.wallstreet-online.de/diskussion/1111194-361-370/v…

    *****************************************************************
    Firmen Homepage:

    http://www.vaaldiam.com/

    Vaaldiam Mining Inc. is a well-capitalized Canadian junior mining company working to become the largest producer of diamonds in South America.

    The company has near-term potential to mine diamonds in Brazil. It also owns high potential exploration properties, a portfolio of diversified mining investments and royalty interests (more about our royalty & equity investments) that it can sell to raise cash.


    Vaaldiam holds 100% interests in the Duas Barras and Chapada alluvial diamond mines in Brazil. Vaaldiam is evaluating its Chapada Mine and may either restart production or sell the mine in 2011. Chapada produced over 33,000 carats from 2006 to 2008 at average US$394 per carat. Vaaldiam’s operations rank amongst the highest value diamond producers in the world.

    Elsewhere in Brazil, Vaaldiam also holds interests in two high-potential kimberlite diamond deposits and owns a large exploration database of kimberlite occurrences. There are about 1,000 kimberlites in Brazil of which only three have had samples greater than 200 tonnes taken. Vaaldiam’s Braúna kimberlite project is one of these three and is now bulk sampling with a development decision expected in 2010. Vaaldiam owns 20% of Braúna with a right to increase to 49%.

    In Peru, Vaaldiam has a sliding-scale NSR royalty interest in the Pukaqaqa copper/gold project and will also receive US$8 million when the open pit mine goes into production.

    In Kenya, Vaaldiam owns a 1.5% Gross Revenue Royalty on all product revenue from the Kwale Mineral Sands project.

    Vaaldiam owns 10,625,000 common shares of Flemish Gold Corp., a private exploration company with properties in East Africa, which it purchased for US$3.4 million. Flemish Gold Corp. recently completed a private placement of $6.1 million net of costs at a price of $0.75 per share, valuing Vaaldiam’s investment at $8 million.

    Vaaldiam owns 20% of Freegold Ventures Ltd., a promising gold exploration company with properties in Alaska and one million common shares of Western Standard Metals Ltd.



    Börsenkürzel in Kanada:

    TSX: VAA



    Avatar
    Aktienkrieger
    schrieb am 21.11.10 16:31:28
    Beitrag Nr. 2 (40.561.947)
    Interessanter Wert. Werde mich mal etwas damit beschäftigen...
    Avatar
    xxtsc
    schrieb am 02.12.10 20:58:23
    Beitrag Nr. 3 (40.635.823)
    Vaaldiam Mining Inc.: High Diamond Value of US$338 Per Carat at Brauna
    12/2/2010 7:00:01 AM - Market Wire

    TORONTO, ONTARIO, Dec 2, 2010 (Marketwire via COMTEX News Network) --

    Vaaldiam Mining Inc. ('Vaaldiam' or the 'Company') (TSX:VAA) is pleased to report that two independent diamond valuation consultants valued 1,013.75 carats ('cts') of rough diamonds recovered from the south lobe of Vaaldiam's Brauna 3 kimberlite pipe ('B3') at an average value of US$338 per carat. The south lobe bulk sample comprised 4,158 dry tonnes of kimberlite with an average recovered grade of 24.4 cts per hundred tonnes ('cpht') and an average stone size of 0.21 cts per stone. The average global price for rough diamonds is about US$70 per carat. The Brauna property is in Bahia State, Brazil.

    The two independent, internationally recognized diamond valuation and consulting companies were Diamond Counsellor International ('DCI') of London, U.K., and International Economic Strategy ('IES') of Antwerp, Belgium. The diamonds were sieved and sized to DTC standards and used November prices of rough diamond sales in Antwerp.

    B3 - South Sample Diamond Valuation Results

    IES valued the parcel at US$338.71 per carat. It said the price "is very high for a kimberlite and would rank Brauna as one of the best mines in the world". IES suggested a bench mark price of US$330 per carat as its projection of the average sales price of future production from the south lobe. IES said "the overall mixture in colour and quality make this parcel very desirable and highly marketable."

    DCI valued the parcel at US338.44 per carat and suggested that a range from US$335 to US$400 per carat could be expected. DCI noted that "this is a good average price for a kimberlite" and that the "south deposit contains a wide range of good quality diamonds. It has a high per carat average price which should prove marketable and profitable."

    Project Overview

    The two-hectare B3 pipe is located in easily accessible terrain just 7 km south of the town of Nordestina, which provides the project with excellent infrastructure, services and skilled personnel. B3 is one of 22 kimberlite occurrences discovered so far on the property. Vaaldiam has performed exploration work on only five occurrences, including the Brauna 8 ('B8') kimberlite dike situated 5 km north of the B3 pipe. Mini-bulk samples from this 4.5 metre-wide dike produced 170 diamonds weighing 19.37 cts from approximately 46 dry tonnes, inferring a recovered grade of 42 cpht, and included a 7.97 carat white octahedron stone. The B8 occurrence is a vertically oriented kimberlite dike forming a 1,000 metre-long section of the northwest trending dike system. Recent exploration conducted in the vicinity of the B8 dike has confirmed that this dike is linked to the Brauna 21 occurrence. Mini-bulk sampling of the one hectare Brauna 7 pipe, situated 1 km to the east of the B3 pipe, resulted in the recovery of 30 diamonds with a total weight of 3.87 carats from approximately 87 tonnes of kimberlite with an estimated recovered diamond grade of 4.5 cpht.

    Robert Jackson, President and CEO said "This is excellent for our shareholders. Investors should note the high stone value, the close proximity of these occurrences to each other and to Nordestina and the potential to add more resources in easily developed terrain."

    Vaaldiam holds a 20% interest in the Brauna project. It can increase its interest to 49% by paying its partners an estimated amount of approximately US$6.7 million for costs incurred to complete the bulk sample, which is expected to be completed in Q4 2010. At September 30, 2010 Vaaldiam had $11.2 million of cash.

    This release has been reviewed by Katya Masun P.Geo., who is a qualified person under National Instrument 43-101. For additional information regarding Vaaldiam please visit www.vaaldiam.com.

    Certain of the information contained in this news release constitutes 'forward-looking statements' within the meaning of securities laws. Such forward-looking statements, including but not limited to those with respect to the prices of metals and minerals, purchase payments, royalty payments, estimated future production and estimated costs of future production involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of metals and minerals, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the documents of the Company filed from time to time with the Ontario Securities Commission.

    SOURCE: Vaaldiam Mining Inc.
    Avatar
    jensdab
    schrieb am 02.12.10 23:20:32
    Beitrag Nr. 4 (40.636.960)
    Schöner Anstieg 0.265

    +(6.00%)


    Link zu den News:

    http://de.advfn.com/nachrichten/Vaaldiam-Mining-Inc-High-Dia…



    Avatar
    xxtsc
    schrieb am 04.12.10 10:16:29
    Beitrag Nr. 5 (40.645.768)
    Antwort auf Beitrag Nr.: 40.636.960 von jensdab am 02.12.10 23:20:32Independent assessors give average per carat value of $338 for Vaaldiam diamonds
    VaaldiamMining says that two independent diamond valuations of 1,013.75 caratsof goods from the south lobe of its Brauna 3 kimberlite pipe in BahiaState, Brazil, gave a per carat value at $338.
    December 03, 2010

    VaaldiamMining says that two independent diamond valuations of 1,013.75 caratsof goods from the south lobe of its Brauna 3 kimberlite pipe in BahiaState, Brazil, gave a per carat value at $338.

    The diamonds weresieved and sized to Diamond Trading Company standards and used Novemberprices of rough diamond sales in Antwerp for the valuation, the firmsaid in a statement.

    Antwerp’s International Economic Strategy(IES) company said that the price per carat “is very high for akimberlite and would rank Brauna as one of the best mines in the world."IES suggested a benchmark price of $330 per carat as its projection ofthe average sales price of future production from the south lobe. IESwrote "the overall mixture in colour and quality make this parcel verydesirable and highly marketable."

    Meanwhile, the otherconsultant, Diamond Counsellor International of London, gave a value of$338.44 and said that a range of $335 to $400 per carat could beexpected, which was "a good average price for a kimberlite" and that the"south deposit contains a wide range of good quality diamonds. It has ahigh per carat average price which should prove marketable andprofitable."

    Vaalidiam President and CEO Robert Jackson said,"This is excellent for our shareholders. Investors should note the highstone value, the close proximity of these occurrences to each other andto Nordestina and the potential to add more resources in easilydeveloped terrain."

    Vaaldiam holds a 20 percent interest in theBrauna project, and can raise it to 49 percent by paying partners about$6.7 million for costs incurred to complete the bulk sample which isexpected to be completed in the fourth quarter of this year.

    http://www.antwerpfacetsonline.be/nc/articles/single/artic…
    Avatar
    jensdab
    schrieb am 28.01.11 00:23:24
    Beitrag Nr. 6 (40.940.428)
    BRAÚNA 3 KIMBERLITE NI 43-101 MINERAL RESOURCE INDICATED: 1…




    BRAÚNA 3 KIMBERLITE NI 43-101 MINERAL RESOURCE
    INDICATED: 1.3 MILLION TONNES AND 186,000 CARATS
    INFERRED: 4.8 MILLION TONNES AND 971,000 CARATS
    TORONTO: January 20, 2011 – Vaaldiam Mining Inc. (‘Vaaldiam’ or the ‘Company’) (TSX: VAA)
    is pleased to announce the National Instrument 43-101 compliant mineral resource estimate for the
    Braúna 3 kimberlite pipe (‘B3’) at the Braúna Property in Bahia State, Brazil.
    The mineral resource estimate includes Indicated Resources to a depth of approximately 40 metres
    of 0.63 million tonnes at a grade of 24.58 carats per hundred tonnes (‘cpht’) in the south lobe, and
    0.67 million tonnes at a grade of 4.72 cpht in the north lobe of the kimberlite. Inferred Resources to
    a depth of approximately 200 metres are estimated to contain 3.75 million tonnes at a grade of 24.58
    cpht in the south lobe and 1.04 million tonnes at a grade of 4.72 cpht in the north lobe.
    An independent Qualified Person (‘QP’) from ACA Howe International Limited (‘Howe’) calculated
    the mineral resource estimate.
    The following table summarizes the details of the NI 43-101 mineral resource as prepared by Howe:
    Table 1: Mineral Resource Statement for the B3 Kimberlite, North and South Lobes
    Resource
    Category
    Lobe
    Dry
    Tonnes
    (x1,000)
    Diluted
    Grade
    (cpht)
    Carats
    (x1,000)
    Grade (cpht)
    Price
    (US$/carat)
    Indicated 667 4.72 31 4.72
    Inferred
    North
    1,042 4.72 49 4.72
    98
    Indicated 629 24.58 155 24.58
    Inferred
    South
    3,753 24.58 922 24.58
    339
    • Indicated Resource defined from surface to the 235mRL
    • Grade used is the diluted diamond grade obtained from the individual bulk samples.
    • Mineral Resources are not accumulated within an optimized pit shell.
    • Mineral Resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be
    materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues.
    • The volume of the North and South Lobes includes internal dilution.
    • The quantity and grade of reported Indicated and Inferred Resources in this estimate are conceptual in nature. There is no guarantee that all
    or any part of the mineral resource will be converted into a mineral reserve.
    • Due to rounding, figures may not add up to the totals shown.
    • A 1 millimetre bottom cut-off is used for the Mineral Resource.
    In the Indicated Category, 83.3% of the carats are derived from the south lobe and 16.7% from the
    north lobe. In the Inferred Category, 95.0% of the carats are derived from the south lobe and 5.0%
    of the carats are derived from the north lobe. Diamond values reported are the average estimated
    sales price of two independent diamond valuations of 1,013.75 carats of rough diamonds recovered
    from the south lobe and 34.74 carats from the north lobe (as reported on December 2, 2010). The
    diamond valuation was completed on November 1, 2010 using Antwerp market data.
    2
    The mineral resource estimated prepared by Howe includes kimberlite volume, density and tonnage
    data collected during the bulk sampling program in 2010 which involved the collection of three
    surface samples totaling 4,909.3 dry tonnes of kimberlite. Samples 1 and 2 were taken from the
    south lobe and sample 3 from the north lobe. A total of 5,064 diamonds with a total weight of
    1,057.39 carats were recovered from the three bulk samples, with 4,904 diamonds totaling 1,021.97
    carats from the south lobe and 160 diamonds with a total weight of 35.42 carats from the north lobe.
    This mineral resource estimate uses a 1.0 millimetre bottom diamond size cut-off and considers all
    kimberlite to a depth of 200 metres below surface, where drilling has determined that the kimberlite
    remains open at depth.
    Project Overview
    The two-hectare B3 pipe is open vertically and laterally. Vaaldiam plans to further explore B3 and
    the entire property with the objective of increasing the diamond resources. It has commissioned a
    Preliminary Economic Assessment for B3, which is located in easily accessible terrain just 7 km
    south of the town of Nordestina. Nordestina has excellent infrastructure, grid power, services and
    skilled personnel. B3 is one of 22 kimberlite occurrences discovered so far on the property.
    Vaaldiam has performed exploration work on only five occurrences, including the Braúna 8 (‘B8’)
    kimberlite dike situated 5 km north of the B3 pipe. Mini-bulk samples from this 4.5 metre-wide dike
    produced 170 diamonds weighing 19.37 cts, including a 7.97 carat white octahedron stone, from
    approximately 46 dry tonnes, inferring a recovered grade of 42 cpht. The B8 occurrence is a
    vertically oriented kimberlite dike forming a 1,000 metre-long section of the northwest trending dike
    system. Recent exploration conducted in the vicinity of the B8 dike has confirmed that this dike is
    linked to the Braúna 21 occurrence. Mini-bulk sampling of the one hectare Braúna 7 pipe, situated 1
    km to the east of the B3 pipe, resulted in the recovery of 30 diamonds with a total weight of 3.87
    carats from approximately 87 tonnes of kimberlite with an estimated recovered diamond grade of 4.5
    cpht.
    Vaaldiam commissioned the NI 43-101 mineral resource estimate for the B3 kimberlite pursuant to
    its obligation under NI 43-101 to prepare and file technical reports and as such, the technical report
    is the sole responsibility of Vaaldiam.
    Mr. Daniel C. Leroux (BSc, P.Geo.) of Howe is the independent QP who supervised the preparation
    of the mineral resource estimate for the B3 kimberlite. Mr. Leroux has 16 years of direct experience
    with diamond projects located in Canada, Africa, Europe and South America, including managerial
    responsibilities for all various exploration stage diamond projects from conceptual grassroots
    exploration projects to bulk sampling and pre-feasibility studies on advanced diamond projects and
    has completed mineral resource estimates on both primary and alluvial diamond deposits. Mr.
    Leroux also has extensive diamond processing experience of various types of process plant
    technology and recovery plant technology utilized in both primary and alluvial diamond mining
    operations worldwide.
    Ms. Katharine Masun (HBSc, MSc, MSA, P.Geo.) of Vaaldiam and Mr. Douglas Roy (BEng,
    MASc, P.Eng.) of Howe were closely involved in the mineral resource estimation process for the B3
    kimberlite. Ms. Masun has more than 13 years of experience in diamond exploration and kimberlite
    geology, having been involved in projects located in Canada, India, South America and Africa, from
    grassroots to advanced stages of exploration and evaluation. Mr. Roy has worked as a mining
    engineer for more than 10 years, which has included estimation of resources and reserves for
    precious metals, base metals and industrial minerals and well as participation in pre-feasibility and
    3
    feasibility studies. Howe consents to the statement of Indicated and Inferred Mineral Resources
    contained herein.
    This release has been reviewed by Katharine Masun P.Geo., who is a qualified person under
    National Instrument 43-101. For additional information regarding Vaaldiam please visit
    www.vaaldiam.com, or contact Robert Jackson, President and Chief Executive Officer at
    Avatar
    commodityleviathan
    schrieb am 04.03.11 09:48:39
    Beitrag Nr. 7 (41.145.707)
    Antwort auf Beitrag Nr.: 40.940.428 von jensdab am 28.01.11 00:23:24irgendwie spüre ich einen Ausbruch bei Vaaldiam....
    Ich steige heute Abend mal ein.
    Avatar
    xxtsc
    schrieb am 04.03.11 17:05:05
    Beitrag Nr. 8 (41.149.320)
    Antwort auf Beitrag Nr.: 41.145.707 von commodityleviathan am 04.03.11 09:48:39Denke, dass der Ausbruch aus der Seitwärtsbewegung bald bevorsteht. Zu den jetzigen Preisen einzusteigen wird sich auszahlen.
    :cool:
    Avatar
    xxtsc
    schrieb am 04.03.11 19:33:35
    Beitrag Nr. 9 (41.150.588)
    Antwort auf Beitrag Nr.: 41.149.320 von xxtsc am 04.03.11 17:05:05News:

    Vaaldiam Agrees to Acquire 51% of Brauna Property
    3/4/2011 12:42:34 PM - Market Wire

    TORONTO, ONTARIO, Mar 04, 2011 (MARKETWIRE via COMTEX News Network) --

    Vaaldiam Mining Inc. ('Vaaldiam' or 'the Company') (TSX: VAA) is pleased to report that it has entered into an agreement to increase its interest in the joint venture company which holds the Brauna kimberlite diamond property ('the property'), in Bahia State, Brazil, from 20% to 51%. The property area is 5,000 hectares (12,700 acres) and it contains 22 known kimberlite occurrences, including the Brauna 3 ('B3') kimberlite pipe. Vaaldiam has tested nine of the 22 kimberlites and all contained diamonds. The property has excellent infrastructure and exploration potential for additional kimberlite diamond resources. The State of Bahia is an economically under-developed region with government incentives for investors.

    The B3 pipe contains a National Instrument 43-101 ('NI 43-101') Indicated Resource of 0.63 million tonnes at a grade of 24.58 carats per hundred tonnes ('cpht') to a depth of approximately 40 metres in the south lobe, and 0.67 million tonnes at a grade of 4.72 cpht to a similar depth in the north lobe of the kimberlite. Inferred Resources to a depth of approximately 200 metres are estimated to contain 3.75 million tonnes at a grade of 24.58 cpht in the south lobe and 1.04 million tonnes at a grade of 4.72 cpht in the north lobe (as reported on January 20, 2011). Independent valuations of 1,013.75 carats of rough diamonds recovered from the south lobe returned an average value of US$339 per carat while the valuation of a small parcel of 34.74 carats from the north lobe returned an average value of US$98 per carat (as reported on December 2, 2010).

    Vaaldiam plans to bring the B3 pipe to production as quickly as possible. Vaaldiam will be the operator and will develop the B3 project via a joint venture committee comprised of three Vaaldiam representatives and two representatives of the existing joint venture partners. The joint venture committee's objective will be to maximize shareholder value by rapidly developing the project to its full potential. The Company has commissioned Coffey Mining to prepare a Preliminary Economic Assessment ('PEA') that is anticipated to be completed during March 2011.

    In 2011, the Company plans additional exploration work at B3 and a full feasibility study that is expected to be finished in 2012. Subject to a positive feasibility study, Vaaldiam plans to finance, build and operate the B3 mine.

    The key terms of the acquisition of the additional 31% interest are:


    1. Vaaldiam must make three payments totalling approximately US$6.5 million
    ('the Transaction Consideration') to the existing joint venture
    partners: approximately US$0.9 million paid upon execution of this
    acquisition agreement; US$1.5 million on August 4, 2011 and US$4.1
    million on June 4, 2012;
    2. Vaaldiam must finance the B3 project to production and will receive all
    profits until full recovery of the project development cost. Thereafter
    Vaaldiam will receive 51% of the profits. The cost of future production
    expansions at B3 and the development of mines at other kimberlite
    occurrences on the property will be paid pro-rata by all shareholders
    and not solely by Vaaldiam;
    3. In the event that Vaaldiam fails to satisfy the terms of the agreement,
    including failing to complete certain milestones by pre-determined
    deadlines (where the reason for such failure was within the reasonable
    control of the Company) the remaining shareholders have the right to:
    a. terminate Vaaldiam's role as operator;
    b. repurchase the 31% interest by repaying Vaaldiam the full US$6.5
    million transaction consideration within 60 days, thereby reducing
    Vaaldiam's interest to 20%; and
    c. in certain circumstances, compel Vaaldiam to sell its remaining 20%
    interest at fair market value as determined by a qualified and
    independent third party.
    4. In the event that Vaaldiam is no longer operator and a third-party
    subsequently invests additional capital to bring the B3 pipe to
    production, Vaaldiam will still receive its pro-rata share of the
    capital repayments as originally contemplated until it has recovered all
    of its invested capital and will thereafter also receive its pro rata
    share of the profits from ongoing operations.



    Robert Jackson, President and CEO, said "This is a game-changing deal for Vaaldiam. We plan to develop B3 as quickly as possible and expand the resource there and elsewhere on the property, where we know diamonds occur. We have more than one million carats of resources with high value stones and good exploration potential. Our partners are well-respected, long-term players in the diamond industry who have crafted an agreement designed to help us succeed, while limiting our downside risk".

    Project Overview

    The two-hectare B3 pipe is open vertically and laterally and is located in easily accessible terrain just 7 km south of the town of Nordestina. Nordestina has excellent infrastructure, grid power, services and a pool of skilled labour.

    Vaaldiam has performed exploration work elsewhere on the property, including the Brauna 8 ('B8') kimberlite dike situated 5 km north of the B3 pipe. Mini-bulk samples from this 4.5 metre-wide dike produced 170 diamonds weighing 19.37 carats, including a 7.97 carat white octahedron stone, from approximately 46 dry tonnes, inferring a recovered grade of 42 cpht. The B8 occurrence is a vertically oriented kimberlite dike forming a 1,000 metre-long section of the northwest trending dike system. Recent exploration conducted in the vicinity of the B8 dike has confirmed that this dike is linked to the Brauna 21 occurrence. Mini-bulk sampling of the one hectare Brauna 7 pipe, situated 1 km to the east of the B3 pipe, resulted in the recovery of 30 diamonds with a total weight of 3.87 carats from approximately 87 tonnes of kimberlite with an estimated recovered diamond grade of 4.5 cpht.

    Vaaldiam commissioned the NI 43-101 mineral resource estimate for the B3 kimberlite pursuant to its obligation under NI 43-101 to prepare and file technical reports and as such, the technical report is the sole responsibility of Vaaldiam.

    This release has been reviewed by Katharine Masun P.Geo., who is a qualified person under NI 43- 101. For additional information regarding Vaaldiam please visit www.vaaldiam.com.

    Certain of the information contained in this news release constitutes 'forward-looking statements' within the meaning of securities laws. Such forward-looking statements, including but not limited to those with respect to the prices of metals and minerals, purchase payments, royalty payments, estimated future production and estimated costs of future production involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of metals and minerals, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the documents of the Company filed from time to time with the Ontario Securities Commission.

    Contacts: Vaaldiam Mining Inc. Robert Jackson President and Chief Executive Officer rjackson@vaaldiam.com

    SOURCE: Vaaldiam Mining Inc.

    mailto:rjackson@vaaldiam.com
    Copyright 2011 Marketwire, Inc., All rights reserved.
    Avatar
    jensdab
    schrieb am 07.03.11 23:53:29
    Beitrag Nr. 10 (41.161.747)
    Ziemlich viel Bewegung in den letzten Wochen.

    Hoffen wir, dass es endlich aufwärts geht. 200 Tageslinie hält sich gut ähnlich wie im Oktober 2010.







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