As part of the program in 2016 the company has explored territory, extending 2 km from the at least two - three areas of kimberlite indicator minerals identified by previous sampling programs.
Several samples yielded anomalous results, including one extremely abnormal sample, the presence of indicators which exceeded 1200 on 20 kg of rocks, which is much higher than in most of the previous anomalous samples taken on the project. This suggests the presence of nearby kimberlite diamond source.
Ken Armstrong (Ken Armstrong), president and North Arrow Executive Officer, said: "Receiving such a large number of blank samples in 2016 preceded the results of this program ... We look forward to carrying out a detailed geological survey and geophysical studies in 2017, as well as obtaining the required permit subsoil use for geological exploration drilling program on the Mel project. "
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Kagem Mining, a 75% owned by Gemfields, paid $ 14 million in dividends to its shareholders this year.
Dividends were paid for the fiscal year ended June 30, 2015. Kagem pays dividends for the third time in a row, bringing the total amount of dividends paid over the past three years to $ 30 million.
The Zambian Post publishes the words of Ian Harebottle, General Director of Gemfields, who said that the payment of dividends proved effective Cooperation between the private sector and the mining industry, which allowed the creation of a large international company.
"Kagem brings in revenue and dividends.This is good news for the government of Zambia and the citizens of this country, as it is proof of what can be achieved,
If the private sector and the mining industry join forces, "he said, " The payment of dividends over the past three years, as well as a significant increase in the number of jobs and qualifications of workers at the mine, prove the benefits of cooperation that is supported by all parties on an equal footing ". - Herbotl added.
He said that the global prices and demand for colored gemstones continue to grow strongly, and largely due to the marketing efforts Gemfields.
Meanwhile, over the reporting period Kagem mine (Kagem) was produced 30.1 million carats of emeralds and beryl, compared with 20.2 million carats produced the previous year.
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