The value of a rough (uncut) diamond depends not only on its size, but also on its colour and clarity. The value of a diamond deposit depends on both the concentration and average value of the diamonds it contains.
The Company is evaluating diamond projects at Cue in Australia.
Demand for diamonds is predicted to grow at twice the pace of supply due to a lack of recent investment in exploration and development and the growth of diamond markets in Asia.
Barite is the mineral form of the chemical barium sulphate (BaSO4). It is used as a weighting agent in oil industry drilling muds and as a higher value industrial filler for use in paints and other products.
The Company is evaluating the Derryginagh Project in Ireland as a source of high value white paint-grade barite. There is a significant demand for white paint-grade barite in Europe but no major mine supply outside China and India.
Nevada is the 4th largest gold producing area in the world.
In Nevada the Company holds a number of gold projects including the Newark, Junction and Stonewall projects. These are located on major gold trends including the Walker Lane and Battle Mountain-Eureka trends.
In Australia the Company holds the Baker's Project near Meekatharra in the Murchison Mining District of central Western Australia, 150 km east of the Company's Cue Diamond Project.
The Meekatharra Greenstone Belt has yielded over 5.5 million ounces of gold and contains a number of producing gold mines, including the Andy Well high-grade gold deposit. The Baker’s Project is strategically located in active exploration areas that are yielding significant gold and base metal discoveries.
In its raw form Diatomite is a valuable industrial rock formed by the accumulation in marine and fresh water lake environments of vast quantities of skeletal material from single-celled aquatic algae called diatoms.
The Company holds 109 claims over an area of 8 square kilometres on the border of Mineral and Nye counties in Nevada, 200km southeast of the city of Reno. Currently the claims are leased to major diatomite producer EP Minerals, LLC.
Nevada is a re-emerging copper producer and a significant producer of industrial minerals. Mining in Nevada has strong local and State support.
The Company holds 24 claims on the Garfield Copper-Gold Project in the Walker Lane Mineral Belt covering a mineral discovery containing copper, gold and silver.
Nevada, also known as "The Silver State" has been, and continues to be, a prolific producer of silver. The historic Bay State Silver Mine is located in the Newark Mining District, 14km east of the town of Eureka in central Nevada. Eureka is on US Highway 50.
The historical mine workings of the Bay State Silver Mine are located in an east-west striking canyon (known as Mining Canyon) cutting though the eastern slopes of the Diamond Range.
The Company’s initial drilling programme found high-grade silver mineralisation in all three holes and follow up drilling is planned.
