|
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 Resources has
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 or 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
Detailed exploration of 2 kimberlite pipes along this
system has outlined an inferred resource of 10 million
tonnes of kimberlite material containing a potential 1.5
to 2.0 million carats of diamonds. This results in the
increased potential for over 25 million tonnes of
resource in the pipes and associated dyke system.
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 and resource
drilling is ongoing to determine the diamond grade and
value in order to support a feasibility study in mid to
late 2008.
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 2009, 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 for 2010.
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.
(Windows
Media)
