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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.

Schöner Anstieg 0.265

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Link zu den News:

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

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…

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

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.

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.

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
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