On April 22, the Implementation Plan for the Wafangdian Diamond Mine Assembly and Exploration Area in Liaoning Province was officially approved by the Ministry of Land and Resources. This marks a significant milestone as the area has now been designated as the second national-level self-contained exploration zone outside of the Saddle-Installation Exploration Area within the province. The project aims to identify and develop a major diamond production region, with plans to discover two large new diamond deposits and 18 smaller ones. It is also expected that over 2.9 million carats of 333-grade diamond resources and 50,000 carats of 334-type diamond sand resources will be added.
In 2013, the focus of the exploration area will be on mineral potential assessment and key area surveys, supported by scientific research and guided by the principles of high standards and strategic breakthroughs. The goal is to uncover two new large-scale diamond deposits, adding approximately 700,000 carats of 333-grade diamond resources. The Provincial Department of Land and Resources will ensure the smooth implementation of the plan, following relevant guidelines and aligning with both geological and market principles. Efforts will be made to build a multi-investment platform, introduce new mechanisms for geological exploration, and attract significant social capital.
As the project progresses, the company will conduct regular revisions to the implementation plan, ensuring that the assembly survey moves forward efficiently and drives rapid advancements in diamond exploration. This initiative represents a crucial step in enhancing the province’s diamond resource base and supporting long-term economic development.
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