LONDON (Alliance News) - Golden Saint Resources Ltd Friday said it has commenced its 2013 field exploration programme at the Tongo Diamond Project in Sierra Leone.
The West African diamond and gold exploration company said a technical team is on site and field work is underway in order to develop a deeper understanding of the site following its initial exploration programme in 2012.
"We plan to accelerate our activities at Tongo to identify the optimal drill targets in order to commence a drilling program later this season," Chief Executive Nick Burn said in a statement.
On October 4, the company was granted a 12 month diamond exporter's licence, which will allow it to purchase and export diamonds from holders of artisanal or small scale mining and dealer's licences in Tongo, Moa, Baja and the surrounding areas.
Golden Saint shares were down 2.9% to 11.90 pence Friday.
By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1
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