Gemfields PLC (“Gemfields” or “the Company”, AIM:GEM) today announces the discovery of a 6,225 carat rough emerald at its Kagem mine in Zambia. The emerald was recovered during normal mining operations on 5 February 2010 and is being examined by Gemfields’ experts to establish a clearer understanding of its value and significance. They will continue to evaluate the gem before any final decision is taken in terms of its future.
Presentation on the 6,225 carat Zambian Emerald uncovered by Gemfields at the Kagem Mine.
As announced in its last operation update dated 28 January 2010, Gemfields PLC (“Gemfields” or “the Company”, AIM:GEM) initiated a trial underground mining project that, if successful, could provide a number of opportunities for expansion into areas that have a history of high quality production at its Kagem mine in Zambia. The Company is pleased to announce, today, the first production from its trial underground mining operation. This innovation has the potential to transform Zambian emerald mining by allowing mining operations to follow the ore zone efficiently.
Images showing the progression of underground mining at the Kagem Emerald Mine