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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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