Radisson Prepares for Diamond Production in Africa.ROUYN-NORANDA, Quebec--(BUSINESS WIRE)--Jan. 11, 1996--Radisson Mining Resources Inc. (ME: RDS (1) (Remote Data Services) A set of programming interfaces from Microsoft that enables users to update data on the Internet or intranets from their ActiveX-enabled browser. ) has acquired mining equipments to speed up its search for diamonds in the Central African Republic Central African Republic, republic (2005 est. pop. 3,800,000), 240,534 sq mi (622,983 sq km), central Africa. The landlocked nation is bordered by Chad (N), Sudan (E), Congo (Kinshasa) and Congo (Brazzaville) (S), and Cameroon (W). . These two-diver operated mining systems will be used to accelerate the recovery of diamonds, other precious stones gems; jewels. See also: Precious and metals from the bed of the Lobaye River which flows through Radisson's mining concessions covering more than 100,000 acres and containing diamond-bearing placer deposits. Radisson's executive vice-president, Guy Parent, said: "The equipment will allow us to start immediately with preparations for a sampling program for the Lobaye riverbed and nearby diamond placers on the property. We will now be able to determine, in a detailed manner, diamond grades and decide for the beginning of the production there." The machinery, which is already on site, was purchased from P.R. Mining & Exploration of South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. who will provide the operators. The machinery comprises 2 pumping systems, classifiers, and jigs. Once results from this sampling program are in, P.R. Mining will have the option of funding 25 percent of all future development costs to acquire a 25 percent interest in the property. The Central African Republic is the eight largest producer of gem-quality diamonds in the world with an average export price of US$149 per carat CARAT, weights. A carat is a weight equal to three and one-sixth grains, in diamonds, and the like. Jac. L. Dict. See Weight. in 1994. Most of the current production is carried out by artisans scattered along the length of the Lobaye River. Exploration in the Central African Republic is being carried out by Radisson's subsidiary, Radisson Centrafrique S.A., owned at 80 percent. Radisson Mining Resources also has mineral rights to, or owns options in, 14 gold properties in Northern Quebec including the historic O'Brien mine once known as the "richest producing mine in Quebec". Radisson's Quebec properties comprise 689 claims, a mining concession and a mining lease covering more than 13,000 hectares. Radisson, with headquarters at Rouyn-Noranda, Quebec Rouyn-Noranda (2006 population 39,924) is a city on Osisko Lake in northwestern Quebec, Canada. The city of Rouyn appeared after copper was discovered in 1917. Noranda (a contraction of "North Canada") was created later around the Horne mine and foundry. , and corporate offices in Toronto, is listed on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg (RDS). CONTACT: Radisson Mining Resources Inc. Roger Desloges, 416/925-7881 Guy Parent, 819/797-0606 |
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