|
Property |
Location |
Deposit Type |
Interest |
Status |
|
Brauna Diamonds |
Brazil |
Kimberlite and Alluvial Diamond Deposits |
20% with option to increase to 49% |
4 diamondiferous kimberlites, 22 kimberlite
occurrences discovered along a 15 km long
fissure system. |
|
Brauna Gold |
Brazil |
Lode Gold |
100% |
800 metre long quartz vein system with gold grades ranging between 0.19 oz/t and 0.68 oz/t. |
Brauna Diamonds
Vaaldiam
has a 20% interest in the Brauna diamond project in the
state of Bahia, Brazil. This is Vaaldiam’s most advanced
exploration project. The Brauna project is comprised of
three exploration concessions which encompass four
diamondiferous kimberlite pipes or blows that are
associated with a system of kimberlite dykes that have
been traced over a distance of 15 kilometers. The
exploration licenses cover an area of 5,000 hectares.
The Brauna property is located south
of the town of Nordestina in the Rio Itapicuru basin on
the Sao Francisco Craton. The property is situated
approximately 350 kilometres from the city of Salvador,
the state capital, and is easily accessible by road on a
year-round basis. Skilled labour and complete
infrastructure including power and water are readily
available in the area.
Bulk Sampling and Drilling
Sampling from the Brauna 8 dike has
resulted in the recovery of a 0.92 pink diamond and a
7.97 carat white diamond. This confirms the presence of
large, high value diamond in the kimberlites. This
together with the outstanding diamond grade shows
excellent potential for gem quality high value diamonds
therefore greatly enhancing the economic potential of
the Brauna kimberlites.
Aggressive bulk sampling in 2010 will
determine the diamond grade and value in order to
support a feasibility study in late 2010.
Brauna Gold Occurrence (100% interest)
Vaaldiam’s Brauna claims are located
within an important gold producing Rio Itapicuru
Greenstone Belt, which hosts Yamana Gold’s Fazenda
Brasiliero Mine and several advanced exploration
projects where both open pit and underground gold
reserves and resources have been delineated. Gold
occurrences within the Rio Itapicuru Greenstone Belt are
associated with hydrothermally altered shear zones that
occur within supracrustal rocks at the margins of
granitic intrusions. Mapping on the Braúna
property has outlined several intrusive units and it is
along their sheared margins in complex networks of
quartz fault-fill veins that gold mineralization has
occurred. In 2010, Vaaldiam will engage in further
geochemical sampling, geological mapping and trenching
in order to assess the potential of known gold anomalies
within the Braúna property and evaluate other potential
regional targets. Results from these efforts will
be used to identify priority drill targets on the
property.
Historically, along with artisanal
diamond mining and intense exploration activities, the
area has been the target of small-scale gold production
by garimpeiro operators; however, the gold occurrences
on the Braúna claims remain untested by modern methods.
