Developing The Highly Acclaimed Coringa Property in Brazil

High Grade Gold Of 28.80 g/t Au, with 95.50 g/t Ag, 3.51% Pb and 0.66% Zn Intersected over 1.0 m at Coringa

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Diamonds

posted on Dec 10, 07 04:34AM

Who knows, maybe Chapleau will find diamonds in Mato Grasso eventually. I had no idea other companies were mining for those down there, and getting record prices to boot.

TORONTO, ONTARIO--(Marketwire - Dec. 10, 2007) - Vaaldiam Resources Ltd. (TSX:VAA - News) reports that the latest diamond sales from its 100% owned Chapada Diamond Mine, in the State of Mato Gross, Brazil has achieved a record price of US$463.64 per carat. A total of 3,959 diamonds weighing 2,074.56 carats were sold for gross proceeds of US$961,842. The sale parcel included 3 special stones weighing 22.92 carats, 13.22 carats and 11.36 carats which returned individual values of US$3,500, US$2,500 and US$2,800 per carat, respectively. The average size of the diamonds in the parcel was 0.52 carats per stone.

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