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Australia’s Mustang Resources discovers rubies in Mozambique

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Australia’s Mustang Resources has discovered its first ten rubies at digs in the concession it holds in Montepuez, Cabo Delgado province, northern Mozambique, the company said in a statement issued on Wednesday.

The discovery of the ten rubies, totalling 2.16 carats, was described by the company as a good sign for the next phases of the concession, located near the concession area of British company Gemfields, where valuable gems have been found.

The work, which began on 25 June, are part of Phase 2A of the exploration programme and include well drilling, sampling and processing of the collected product.

Mustang’s mining project in Montepuez has three exploration licenses, covering an area of 15,800 hectares.

In June 2015, Mustang Resources announced it had discovered Mozambique’s first quality diamond deposit of market value.

Sixteen diamonds were discovered at the company’s project at the confluence of the Save River, which divides southern and central Mozambique, and the Runde River, near the border with Zimbabwe.

Source: macauhub


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