Miranda Minerals Holdings Limited
   
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Operations overview
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Diamond division  
   
The group holds rights to significant alluvial and potential kimberlite prospects in the North West and Northern Cape provinces as well as three prospects in the Mochudi district of Botswana.
 
North West Diamond Project
The two contiguous farms Turffontein 126IQ and Blaaubank 125IQ cover a combined area of 7 218 hectares in the center of an established alluvial diamond mining area in the Ventersdorp district. An initial aeromagnetic survey and bulk sampling program has been completed over the target areas logging the depth and characteristics of the known gravel runs and potholes.

The group recently completed a closely spaced electro-magnetic survey designed to differentiate between soil cover, gravels, paeleo channels and bedrock. The surveys have been conducted at various frequencies, which have indicated a number of potential gravel bearing areas. This has indicated nine blocks showing potential target areas that will require further exploration. So far the results have been very encouraging. A small parcel of diamonds recovered from one of the targets yielded diamonds with an average price of USD$734 per carat.

Lauraville Mynbou (Pty)Ltd
The project is situated north-east of Kimberly on the farm Van Zoelens’s Laagte in the Barkley West district. The farms borders on the Vaal river to the east and the farm Holpan to the west. Bulk samples have indicated grades of between 1.5 and 3.0 carats per 100 tonnes with an average selling price of US$600 per carat and US$110 per carat for near gem quality. The current exploration programme is continuing to focus on identifying gravel runs and potholes.
 
 
 
   
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