News

Mar 22, 2018

Fura Commences Bulk Sampling Programme at the Coscuez Emerald Mine

Fura Gems Inc. has commenced a Bulk Sampling Programme  at the Coscuez emerald project in Boyacá, Colombia. Fura owns a 76% beneficial interest in the emerald mine which is spread over a total of 46 hectares. 

“The Bulk Sampling Programme has been initiated and total of 30,000 tons of material from the mineralised body are expected to be collected in the first phase of the programme on or before 31 December 2018 using existing tunnels,” the Company announced.

Fura aims to collect representative samples from different levels of all accessible tunnels and workings within the Coscuez Emerald Mine. The data from the programme will aid it to better understand the mineralised grade and prepare a mining plan, the Company indicated.

A total of 1,720 carats of emeralds were mined during the initial phase of bulk sampling. Of these, 826 carats were high quality emeralds, the Company stated.

Since February 2018, Fura has been upgrading the safety standards at the Coscuez Emerald Mine to create a safe environment for the commencement of the Bulk Sampling Programme.

“Detailed geological and topographic survey programmes have been initiated and to date, 24 historical workable tunnels, consisting of 17km, have been surveyed and mapped out of 23km,” Fura reported.

The designing of the pilot wash-plant – to support the bulk sampling process with a rated capacity of 30 tons per hour (tph) – has also commenced, and the plant is expected to be commissioned on or before 30 June 2018, the Company said.

Dev Shetty, President & CEO of Fura, commented: "Fura has achieved an important milestone by commencing the bulk sampling mining operation at the Coscuez emerald mine within eight weeks of the completing the acquisition of the mine."

He added: "The initial production of 1,720 carats of emeralds, including 826 carats of top quality emeralds, during the early stage of the programme further confirms the quality of the Coscuez emerald mine. We will continue to build our geological knowledge of the license area and also strive to modernize the Coscuez emerald mine. Fura has now become the first publicly listed company in the world to commence a bulk sampling operation in Colombia, the world's largest supplier of emeralds."

Pic Cap: The Coscuez Emerald Mine 

Pic Courtesy Fura Gems Inc.