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A mining company exploring the potential of existing diamond mines, Americas Diamond Corp. is a US publicly traded (OTCBB:ADMC), independent mineral exploration and development company with its registered office in London, England.
The Natal I and II mining concessions possess the potential to host major ore bodies of diamonds. The concessions have produced positive results steadily over a number of years and recent surveys promise excellent prospects for future investment. This project epitomizes the Company's belief in high-value low-bulk products. The Company's future focus will be on the development of these concessions.
The Company is led by a management and advisory team with more than 80 years combined experience in Gold and Diamond project development, and is therefore ideally positioned to enhance shareholder value through the exploration and development of the Natal and future projects.
Americas Diamond Corp. is focused on the exploration of its projects, with the objective of taking projects into production stage, where warranted, for the benefit of our shareholders.Read More...
The Company, through its wholly-owned Venezuelan subsidiary - Compania Minera Adamantine C.A. (CMA) - holds two diamond concessions located within the Guaniamo Diamond Province in Southwester Venezuela. Total investment to date in the concessions is circa $13,000,000 (USD).
The Guaniamo Diamond Province is the most prolific diamond area of Venezuela. It was discovered in 1969, with primary kimberlite (diamond-bearing rock) being identified in the area in 1976. The area has produced in excess of 15 million carats since its discovery (according to official data, however, actual production is believed to be 25-30 million including diamonds up to 60 carats in size), with production in the 1980's exceeding 1 million carats per year. Diamond mining in the area has been limited to small-scale semi-mechanized activity, or by-hand artisanal miners operating in small co-operatives.
The Company's Natal I & II concessions cover a combined area of over 15,700 acres located centrally within the main diamond producing area. Very little mining has taken place within the Natal concessions due to the absence of major rivers and streams, (water being essential to diamond mining), and difficult access to the location. Diamonds have however been positively identified as coming from within the Natal concessions.Read More...