Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

Additional drilling set to take place at Shinganda copper, gold mine

22 september 2023

The London-listed Galileo Resources' Shinganda project in Zambia is expected to commence diamond drilling of up to 2,000 metres to test various shallow copper/gold targets situated along and parallel to the Shinganda Splay Fault.

The purpose of the drilling is to explore the potential of the iron oxide copper/gold deposit and the iron alteration clusters and induced polarisation targets that were identified in the geophysical study.

The company said that by conducting a comprehensive analysis of both historic airborne and ground geophysical survey data, along with Galileo's meticulous geophysical surveys, soil sampling, and prospecting, they have successfully uncovered the underlying structural composition of the property.

As a result of this breakthrough, several potential targets for immediate drill testing have been identified, enhancing the overall prospects of the project.

The geophysical study revealed several noteworthy findings, one of which is the identification of a highly promising geological setting through high-resolution aeromagnetics.

This setting is characterised by the presence of three significant clusters exhibiting intense iron alteration, particularly towards the west.

In addition, extensive drilling conducted in and around iron alteration clusters has yielded abundant evidence of widespread and, in certain areas, intense iron alteration characterized by the presence of hematite, magnetite, and, to a lesser extent, pyrite.

These boreholes were never assayed.

"All of our fieldwork and drilling, together with historical work, has been modelled by new techniques, and we now have a much better understanding of the drivers of mineralisation,” said Galileo chief executive Colin Bird.

“We are in a very fertile area, and our latest understanding will allow us to direct future drilling programmes to [their] potential best effect.”

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished