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  3. Mineral Resource Data System (MRDS)

Coromandel

Prospect in Minas Gerais, Brazil with commodity Diamond
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Sections on this page
  1. Identification information
  2. Geographic coordinates
  3. Site location context
  4. Geographic areas
  5. Commodities
  6. Nearby scientific data
  7. Economic information about the deposit and operations
  8. Mineral rights holdings
  9. Ownership information
  10. Links to other databases
  11. Bibliographic references
  12. Reporter information

Geologic information

Identification information

Deposit ID 10304258
MAS/MILS ID 3510230149
Record type Site
Current site name Coromandel

Geographic coordinates

Geographic coordinates: -47.16573, -18.41426 (WGS84)
Location accuracy 10000(meters)

Site location context

Political divisions (FIPS codes)

Minas Gerais(province)

Brazil(country)

South America(continent)

Land(continent)

Geographic areas

Country State
Brazil Minas Gerais

Commodities

Commodity Importance
Diamond Primary

Nearby scientific data

(1) -47.16573, -18.41426
ListMap

Economic information

Economic information about the deposit and operations

Operation type Placer
Development status Prospect
Commodity type Non-metallic
Significant No

Comments on exploration

  • IN 1995, SOUTH ATLANTIC STARTED ITS 1995 PHASE TWO DIAMOND EXPLORATOIN PROGRAM. THE FIRST PHASE, COMPLETED IN 1994, RESULTED IN THE DISCOVERY OF 33 KIMBERLITE BODIES, 16 OF WHICH WERE SAMPLED AND MICROPROBED FOR INDICATOR MINERALS. THREE OF THE TARGETS WERE SUBSEQUENTLY DISCOVERED TO CONTAIN MICRO-DIAMONDS. A GROUND MAGNETIC SURVEY HAS BEEN COMPLETED ON TEH EXPLORATION CONCESSIONS ALONG THE SANTO ANTONIO RIVER IN THE COROMANDEL PROJECT AREA. A TOTAL OF 78 MAGNETIC ANOMALIES HAVE BEEN IDENTIFIED WITHIN A 50 SQ KM AREA. TEN CORRESPOND TO KNOWN INTRUSIVE BODIES INCLUDING TWO RECENTLY CONFIRMED BY THE ONGOING DRILLING PROGRAM. EIGHT HAVE BEEN SAMPLED FOR MICRO-DIAMONDS.

Mineral rights holdings

Type of mineral rights Unknown

Ownership information

  • Type Owner
    Owner South Atlantic Diamonds Corp.
    Home office Canada
    Year 1996

Comments on the ownership information

  • SOUTH ATLANTIC HAS AGREED TO FORM A JOINT VENTURE WITH MYLAN VENTURES LTD TO DEVELOP THE PLACER OPERATION. MYLAN WILL ACQUIRE AN UNDIVIDED 60% INTEREST IN AND TO THE ALLUVIAL MINERAL RIGHTS IN RETURN FOR FINANCING THE PRODUCTION PROJECT. MYLAN HAS THE RIGHT TO ACQUIRE A 60% INTEREST BY DEVELOPING AND MANAGING AN ALLUVIAL MINING OPERTATION INCLUDING THE CONSTRUCTION OF AN ALLUVIAL PLANT TO MINE DIAMONDS, MINERALS, METALS AND GRAVEL. MYLAN SHALL BE THE OPERATOR. IF MYLAN FAILS TO PUT THE CONCESSIONS INTO PRODUCTION BY DECEMBER 31 [1996], SOUTH ATLANTIC WILL HAVE THE RIGHT TO REQUIRE THE PRINCIPLE OF MYLAN TO REPURCHASE THE UNITS [EXPLAINED IN THE PROSPECTOR DAILY WRITEUP].

Reference information

Bibliographic references

  • Deposit

    MINING JOURNAL, MAR 31, 1995, P 233.

  • Deposit

    THE PROSPECTOR DAILY NEWS, JAN 25, 1996.

Reporter information

Type Date Name Affiliation Comment
Reporter 06-JUN-96 Clarke, Donald U.S. Bureau of Mines

Beyond USGS

Supplemental information added by qvyshift.com. Not part of the original USGS MRDS record.

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