Redaurum Limited - 28.3 Carat Diamond Recovered in Colorado.TORONTO--(BUSINESS WIRE)--Sept. 5, 1996--REDAURUM LIMITED (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : RRK RRK Random Rotation of Key ) announced today that a 28.3 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. gem diamond has been recovered from the Kelsey Lake diamond mine in Colorado. The diamond is the largest ever recovered in Colorado and the 5th largest ever found in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The "Uncle Sam Uncle Sam, name used to designate the U.S. government. The term arose in the War of 1812 and seems at first to have been used derisively by those opposed to the war. Possibly it was an expansion of the letters "U.S. " diamond is the largest found to date in North America at 40.23 carats. The largest stone previously recovered from the Kelsey Lake diamond mine was a 14.2 carat gem recovered during bulk sampling. Redaurum is holding its first commercial sale of Kelsey Lake diamonds in Denver, Colorado, on the September 24, 1996, when over 2,500 carats including the 28.3 carat diamond will be sold exclusively in America. Interest in the exclusive Colorado Diamonds is high. The diamonds will be sold through a closed bid tender system. Production at the Kelsey Lake diamond mine is presently operating at over 190 tonnes per hour with over 25 percent of all diamonds recovered being larger than 1 carat in weight. To date only the KL-2 pipe has been used to feed the plant. The KL-1 open pit is due to commence operations in November, 1996. The Company expects the revenue from Kelsey Lake to impact the third quarter results. CONTACT: Redaurum Limited - London Anthony Hamilton Anthony Hamilton may refer to:
or Bankside Consultants Ltd. - London Keith Irons, 44 171 403-5325 or Redaurum Limited - Toronto Michael Coulter 416/368-3553 |
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