Gemfields Share Discussion Threads

[dice1950] 28/7/2016 05:24

4 STAR BUY
GEMFIELDS (GEM.L)

34.25 +1.00 (+3.01%)
7/27/2016 4:37pm
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[dice1950] 27/7/2016 21:02

27 JULY 2016


Mustang Resources recovers first rubies while trenching at Montepuez

ASX-listed Mozambique-focused junior Mustang Resources has recovered 10 rubies while trenching at its Montepuez ruby project in northern Mozambique.

Mozambique – The 10 rubies, which total 2.16 ct, were recovered by Mustang Resources during initial trenching activities of the alluvial layers at the company’s flagship Montepuez project, which will soon undergo a bulk sampling programme to determine how best to unlock the country’s significant ruby potential.

Exploration Phase 2A

The trenching programme, which began on 25 June, as part of Phase 2A of the exploration programme, comprises strategic surface pitting, sampling and processing activities.

This is being undertaken in order to gather specific geological data regarding the project area, including stratigraphy, to identify ruby-bearing gravels and to delineate targets for the proposed bulk sampling programme, which is expected to begin in the third quarter of 2016.

Importantly, the current programme

Mustang Resources
Map indicating location of initial pits

is focused on alluvial material in which the higher quality rubies are thought to be hosted, with Mustang utilising low cost techniques for excavation, screening, processing and recovery, as well as for on-going rehabilitation.

To date, 25 samples have been processed. The pitting completed thus far has been based on two grids, each grid produced differing gravels, bedrock and yields.

Geological mapping of the gravel layers within the Montepuez project area is being simultaneously conducted to increase the company’s understanding of the Montepuez region’s geology.

Bulk sampling phase

Phase 2A will be followed by the commencement of a full bulk sampling programme with the aim of recovering rubies for sale as soon as marketable parcels are available. Furthermore, the data gathered during this programme will be utilised to complete a JORC compliant resource statement and feasibility study as Mustang advances towards full scale commercial mining.

The company believes that the successful exploration start-up and ruby recoveries highlight the significant underlying potential of Montepuez, while the rubies recovered from excavation and trenching of the gravel layers further validate the prospectivity of Monetpuez.

“The recovery of the rubies from alluvial sources at Montepuez is very encouraging and the team is buoyed by this early stage success.

“Work is continuing with the trenching and processing of additional pits as we advance towards the commencement of bulk sampling in Q3 2016,” says Mustang Resources MD Christiaan Jordaan.

Project background

The Montepuez ruby project consists of three licenses (4143L, 4258L and 5030L) covering 15 800 ha directly adjacent to the world’s largest ruby deposit discovered by Gemfields in 2012.

The project area lies within the Montepuez Complex, a structurally deformed, complex metamorphic terrane which is known to host two types of ruby mineralisation, namely primary amphibolite mineralisation, and secondary gravel bed mineralisation.

[dice1950] 27/7/2016 21:01

Mustang recovers first rubies at Mozambique project

27TH JULY 2016

Mustang’s Montepuez ruby project comprises three licences covering 15 800 ha within the Montepuez Complex. It is adjacent to Aim-listed Gemfields’ 75%-owned Montepuez ruby mine.

[dice1950] 27/7/2016 20:47

Montepuez Ruby Project is situated next door to Gemfields PLC (GEM:LSE) who's ruby deposit is one of the largest in the world.
Published on: Jul 27, 2016 | by finfeed


Mustang Resources (ASX:MUS) has recovered its first rubies from its Montepuez ruby project in Mozambique – a good sign heading into full bulk sampling in Q3.

The aspiring ruby miner told its shareholders today that it had recovered 10 rubies for a total of 2.61 carats as part of an initial trenching program at the project.

The trenching is taking place at the project in order to help firm up targets for a bulk sampling program in the third quarter of this year.

It is hoped the bulk sampling will bring up rubies which will be able to be sold to the market – ahead of full project development.

[dice1950] 27/7/2016 10:03

here come the buyers about time GEMFIELDS/GEM
Buy
Target price
71.42p
Potential
+106.6%

[dice1950] 27/7/2016 07:27

GEMFIELDS (GEM) Buy Target price 71.62P Potential +116.7%
27th July 2016

According to our calculations Gemfields is currently rated as BUY. Currently Gemfields is evaluated as Outperform by analysts

[dice1950] 27/7/2016 06:40

Ruby the gemstone of July
27th July 2016

[dice1950] 27/7/2016 05:02

GEMFIELDS/GEM MUSTANG
27/07/2016
RECOVERS
TEN
RUBIES
FROM
INITIAL
EXPLORATION
PITS
AT
MONTEPUEZ

[dice1950] 26/7/2016 07:42

#GEMFIELDS #GEM

[dice1950] 26/7/2016 06:23

Gemfields (GEM) What a Gem
26th July 2016

The miner’s chief executive Ian Harebottle said that at a time when ‘global commodity and diamond prices remain volatile and uncertain’ demand for and prices of emeralds ‘remain as robust ...

[dice1950] 24/7/2016 21:00

Gemfields (GEM) achieved record prices this spring
24th July 2016

Gemfields has held auctions of both high- and lower-quality emeralds that achieved record prices this spring. It’s the world’s leading producer of coloured gemstones and also owns luxury jeweller Fabergé. ...

[dice1950] 24/7/2016 20:57

It was during my research that I came across Gemfields (GEM)
24th July 2016

a company in Africa who have the mines that I work with now. As part of the sourcing process with Gemfields, I stayed at the Kagem emerald mine to see ...

[dice1950] 22/7/2016 09:08

Forbes
20 Jul 2016
London-based mining and marketing company, Gemfields, worked with MUSE, a New York showroom.

[dice1950] 21/7/2016 10:01

GEM/GEMFIELDS BUY
…
Target price
71.04p
Potential
+110.2%

[dice1950] 20/7/2016 06:14

Mustang Resources ‏@Mustang_Res 3h3 hours ago
$MUS Gemfields PLC $GEM Price Target Increased to GBX 88 by Analysts at Investec

[dice1950] 19/7/2016 21:41

Investec upped the estimated target of Gemfields PLC (LON:GEM) to 88P, indicating a possible upside of 157%,
19th July 2016

[dice1950] 19/7/2016 21:35

Gemfields PLC (GEM) Price Target Increased to 88P by Analysts at Investec
19th July 2016

[dice1950] 19/7/2016 06:53

Gemfields (GEM) VIDEO GIA’s dedicated field gemology team
19th July 2016

[dice1950] 19/7/2016 05:56

Update soon.


Small But Perfectly Formed

A Precious Gemstone Tender Auction from John Pye Luxury Assets

In response to growing market demand John Pye Luxury Assets will be holding their first Tender auction of Precious Gemstones on with lots ending at 3pm BST on Thursday 16th June.

The market for coloured gemstones has been growing steadily over the past few years, and this tender auction offers the gemstone jewellery designer, retailer and investor an opportunity to purchase high quality precious and semi-precious cut and polished stones.

The auction comprises a collection of 26 loose cut and polished natural Emeralds from the Southern African Kagem Old Mine, located in Zambia. After Columbia, Zambia is the world’s second biggest producer of Emerald, with its Kagem Mines, in the Kafubu River area, depositing around 20% of the world’s production of gem quality stones. During the last three years, Kagem has produced an average of 6.5 million carats of emeralds per annum.

[dice1950] 18/7/2016 21:15

GEMFIELDS (GEM.L) 4 Star BUY
18th July 2016

[dice1950] 18/7/2016 15:55

GEMFIELDS BUY

Target price
71.14P
Potential
+110.3%

[dice1950] 18/7/2016 15:43

GEM premium recquired tiny amounts dont miss out

[jamdan1] 18/7/2016 13:24

Hope so...it would be nice to see the share price cloaer to the broker targets.