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Majestic does back-flip on Orange River

MAJESTIC Resources has pulled out of it's Orange River prospect in Kimberley, South Africa, citing insufficient grades to warrant investing $5 million to mine the diamonds.

MiningNews.Net

The company had outlined 20 million tonnes of potentially diamondiferous gravels at Orange River (up to 8m thick with little overburden), but testing in six pit areas turned up grades averaging 0.37carats...

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