The project consists of mineral rights to two concessions in the Tshikapa zone in eastern parts which totals 50 sq. The concessions have been prospected and alluvial mining of diamonds in the river bed commenced on a pilot plant basis in July 1994. The 1994 production results amounted to about 3,000 carats per month. Operations averaged between 15 and 30 carats per tonne of gravel .
Negotiations are ongoing.
In Angola the Company has been approached by an influencial local group with the object of obtaining the exploration rights over an extremely interesting and potentially rich diamond bearing area. The project is situated in the Maudi region. Surrounding areas have already been prospected and the Maludi region stands out for diamonds of special quality, gems of superior carat weight and various different colors. There is also a kimberlite shaft in the region that crosses from north to south across the Lunda province. Negotiations are ongoing.