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Chapada Mine

 

Background

The Chapada diamond mine and processing plant located in the Brazilian state of Mato Grosso, 80 km north east of the state capital of Cuiabá. Cuiabá has a population of over 700,000 and is serviced by regular air services from other major cities in Brazil. The region has well established infrastructure including hydro-electric power, the source of electricity supply to the project, and sealed roads to within 28 km of the processing plant.

The Chapada Project comprises 9 tenements covering a combined surface area of 285 km2 (28,500 hectares). However, the delineated resources (current mining area) are within just two tenements (Quilombo and Peba Lagoinha) covering an area of only 15 km2 (1,500 hectares).

A further seven tenements comprising an additional 270 km2 are located within 50 km radius of the processing plant. To date, no substantial modern exploration work has been carried out on these tenements, but their geological setting is almost identical to that of the existing mine. Accordingly, these additional seven exploration tenements present excellent exploration potential to expand the resource base at Chapada.

Gem quality diamonds have been recovered in the areas held by Vaaldiam by local artisan miners for over 50 years.

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