Venus Metals Acquires Processing Plant for Diamond Project

31 May 2011 (Last Updated May 31st, 2011 18:30)

Venus Metals Corporation has purchased a containerised, modular diamond processing plant for its alluvial diamond project located at Smoke Creek, Western Australia. The processing plant consists of three modules incorporating a scrubbing and screening module, a 10t per hour dense medium

Venus Metals Corporation has purchased a containerised, modular diamond processing plant for its alluvial diamond project located at Smoke Creek, Western Australia.

The processing plant consists of three modules incorporating a scrubbing and screening module, a 10t per hour dense medium separation (DMS) module and a dual-X-ray diamond recovery module.

The plant, which was constructed in South Africa, is scheduled to arrive in Fremantle in early June 2011, and be relocated to the Smoke Creek camp in mid-June 2011.

The firm has scheduled to commence the bulk sampling programme at the end of June.

The alluvial diamond project has an estimated inferred resource of 17.9Mt at an average grade of 28 carats per hundred tons (CPHT) for 5 million carats using a cut-off of 10CPHT.