Mozambique Mining: Mustang Resources discovers more rubies in Montepuez

Rubies gemfields-mozambique-mine-to-yield-rubies-for-over-20-years
Rubies in Montepuez, north Mozambique

Australia’s Mustang Resources has discovered a new deposit of rubies in Montepuez, Cabo Delgado, Mozambique, following sampling at various points of the concession, the company said in a statement.

The company announced last July it had discovered ten rubies during initial sampling, and has now discovered another 19, bringing the discovery to 29 jewels with a combined weight of 5.79 carats.

Mustang Resources also said that when the geological survey of the concession is completed it will start wide-scale sampling, which involves daily processing of 800 tons of material to get a clearer picture of the distribution and quality of existing rubies.

The Australian company holds majority stakes in two exploration licenses for diamonds on the Save River in central Mozambique, as well as a graphite prospecting license, close to the concessions held by Syrah Resources and Triton Minerals where high quality deposits were discovered. (macauhub/MZ)

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