You are here

Fura Begins Drilling In Montepuez To Estimate Ruby Deposit

Coloured gemstone mining and exploration firm Fura Gems Inc. announced that it has commenced a major auger and core drilling program in Mozambique’s Montepuez area, where it holds ruby mining licences for a 394 square kilometre area.

Fura said the drilling program was kicked off after an extensive multi-disciplinary desktop study that used high resolution satellite imagery from the LANDSAT and ASTER systems.

The company said it expects the drilling program to yield data on:

  • The topsoil thickness or the overburden covering the gem-bearing gravel.
  • The thickness of the ruby-bearing gravel bed.
  • The nature of basement rock and its identification to delineate ruby bearing amphibolite rock in the area.
  • An estimate of the potential grade and mineralisation patterns within the license areas.

Fura will treat the gravel samples from the drilling with a Bushman jig which is due to arrive on site on or before October 31. This treatment process will determine an estimate of the grades for ruby mineralization at different size fractions. 

Fura Chief Executive Dev Shetty commented, “We are pleased to commence drilling on the licensed areas within a month after agreeing to purchase these ruby licences. The licences, located in the Montepuez district, are strategically located close to one of the world’s single largest ruby deposits, and Fura is excited about the potential impact they may have on the company and its shareholders.”

Leave a Comment

1 Comments
vINVESTOR WITH MORE THAN $5 BILLION TO INVEST IN ANY PART OF THE WORLD IN ANY SECTOR ,LOOKING FOR PEOPLE WHO HAVE PROJECTS AND NEED FUNDING FOR THEIR PROJECTS !! we have investor looking for business men with projects that need funding or loans. If any one has any good and lucrative projects that is profitable and need funds can contact me ,i can enter into partnership and sponsor the projects and i can also give loans in clients which to invest solely. Contact at email: benedekmorgan@gmail.com , can contact me if interested in getting funding. email: benedekmorgan@gmail.com skype: benedekmorgan@gmail.com Greetings.