Press Release
MEYA MINING’S 391-CARAT DIAMOND RECOVERY MARKS MEGA CLIPPIR DISCOVERY
Trustco Group Holdings Ltd (“Trustco”) has announced the findings of a recent examination of the 391.47-carat diamond recovered by Meya Mining (“Meya”) in Sierra Leone. Trustco holds a 19.5% interest in Meya, which operates under a 25-year exclusive diamond mining license in the Kono District.
The 391.47-carat diamond was part of a 515-carat rough diamond recovered in the Meya River kimberlite domain on Tuesday, 20 August 2024, in the first of 16 domains targeted by Meya. Along with two smaller fragments weighing 105.43 carats and 18.11 carats, this marks the second significant find from the region, confirming its potential as a source of high-value diamonds.
A detailed examination, conducted by Dr. Evan M. Smith of the Gemological Institute of America (GIA), confirmed the diamond as Type IIa, a classification that indicates high purity due to the absence of nitrogen. Further analysis showed the diamond is part of the CLIPPIR variety (Cullinan-like, large, inclusion poor, pure, irregular, resorbed), similar to some of the world’s most valuable diamonds.
According to the examination report, the diamond contains metallic inclusions, mainly iron-rich metals, which suggest it formed deep in the Earth, between 360 and 750 kilometers below the surface. Despite these inclusions, large parts of the stone remain clear, making it an important geological find. The discovery of this CLIPPIR diamond at the Meya mine confirms that the area contains large Type IIa diamonds.
Quinton Z van Rooyen, Deputy CEO of Trustco
Quinton Z van Rooyen, Deputy CEO of Trustco, added: “The recovery of this CLIPPIR diamond sheds light on Meya’s extraordinary geological landscape. As the diamond world contemplates the eventuality of a 5000-carat stone, our recent find indicates that Meya’s unique geology positions us well for potentially historic discoveries in the future.”
On June 5, 2024, shareholders were informed that Z Star Mineral Consultants, an independent consulting firm, estimated the in situ resource of Meya River Domain at USD 763 million. This Meya River domain accounts for less than 3% of the overall Meya Mining project potential resources. (Available here: https://tinyurl.com/2twpv78v).
Additionally, on September 2, 2024, shareholders were advised that the NI 43-101 Technical Report for the Meya Diamond Mine Project was published, offering a Preliminary Economic Assessment (PEA). The PEA showed promising economic potential with a post-tax Internal Rate of Return (IRR) of 65% and a post-tax Net Present Value (NPV) of USD 95.1 million at a 10% discount rate over a projected 7-year mine life. (Available here: https://tinyurl.com/yvy8p6xs).
These reports also noted that the estimated value of diamonds recovered from bulk samples and run of mine production of the Meya River domain which were sold at public auctions is USD 380 per carat. This estimation excluded the sale of the 476ct Meya Prosperity diamond (USD 34 664 per carat) or several subsequent large stones found due to their distinct nature. The valuation matrix currently used to assess Trustco’s 19.5% stake in Meya Mining, at USD 110 million, may be adjusted in the future to account for these historical exceptional finds. Shareholders are advised that this could affect future valuations.
The 391.47-carat diamond was part of a 515-carat rough diamond recovered in the Meya River kimberlite domain on Tuesday, 20 August 2024
Meya Mining is now focused on improving its recovery process to prevent breakages of large diamonds in the future. The company is working with its engineering and processing partners to upgrade the plant and increase its capacity to recover large diamonds intact. This discovery strengthens Trustco’s Mining portfolio but also highlights Sierra Leone’s position as a key player in the global diamond market.
About Trustco:
Trustco Group Holdings Ltd is an investment entity headquartered in Windhoek, Namibia, which manages a diverse portfolio of investments spanning the insurance, real estate, non-deposit taking financial services, micro-finance, education, and mining sectors. Decisions are biased towards generational investment performance alongside shareholder wealth creation, and short-term hurdles are viewed as catalysts for future growth.
Since inception in 1992, Trustco’s investment portfolio has delivered strong returns with a CAGR of 68.97%, with a well-balanced asset mix, with a current average weighting of 34% in US Dollar based assets, while the remaining 66% is invested in Namibia Dollar (1 NAD = 1 ZAR) based assets. Trustco enjoys the backing of a wide range of coinvestors, including 3 610 from Namibia, 1 443 from abroad, and 94 from institutional entities.
About Namibia:
Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5 031 in 2022. The country is endowed with rich natural resources, with recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects. The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.
The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.7% in 2024, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.
Forward-Looking Statements:
All statements made in this media release with respect to Trustco’s current plans, estimates, strategies beliefs and other statements that are not historical facts, including statements regarding Trustco’s plans to upgrade its ADR program and the results of such an upgrade, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on these forward-looking statements. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
Media Contact
Organization: Trustco Group Holdings
Contact Person: Neville Basson
Website: https://www.tgh.na
Email: Send Email
Contact Number: +264612754501
Address: 2 Keller Street, Trustco House
Address 2: Windhoek
City: Windhoek
State: Khomas
Country: Namibia
Release Id: 21102418730
The post MEYA MINING’S 391-CARAT DIAMOND RECOVERY MARKS MEGA CLIPPIR DISCOVERY appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
New Action-Packed Thriller “Christmas in Havana” Explores Love and Loyalties Amidst International Intrigue
Centreville, VA – Christmas in Havana, the gripping third installment of Stephen Hiemstra’s Masquerade series, is now available. Combining political intrigue, action, and romance, Hiemstra’s latest novel dives deep into the complexities of love and loyalty in the face of personal grief and international crisis.
Luke Stevens, a CIA agent working undercover as a pastor, finds himself haunted by his ex-wife’s death as he eulogizes her. Just when Luke is ready to move forward, North Korean law student Ruth Chǔ (Yong Dae Chû) enters his life. She is secretly entangled in a dangerous game of espionage, working as a courier for North Korea’s Reconnaissance General Bureau (RGB) to support her family. Both Luke and Ruth must navigate their complicated pasts and present loyalties, all while international tensions threaten to boil over.
When China’s plan to invade Taiwan comes to light, with Cuba playing a key role in the diversionary attacks, Luke and Ruth are thrown into a whirlwind of danger. The novel raises the stakes with rogue operatives, international betrayal, and a contract placed on Luke’s life. Despite the chaos surrounding them, Luke and Ruth form a bond, quietly supporting each other as they face impossible choices.
Hiemstra’s skillful writing combines fast-paced action with thoughtful character development. Readers are treated to rapid-fire dialogue and a suspenseful plot that turns on a dime, keeping them on the edge of their seats. As Luke and Ruth struggle with their own personal dilemmas, Hiemstra skillfully weaves in commentary on international politics, hinting at larger global consequences and political missteps.
Praise for Christmas in Havana
“Having traveled to Havana, I can attest to the city’s rich history and intrigue, and Stephen Hiemstra captures this perfectly. Christmas in Havana is a thrilling read filled with action and suspense.”
— Percy M. Burns, Author of Glorious Freedom
“Stephen Hiemstra guides readers through a captivating adventure that reflects life itself, blending action and emotion with ease. Christmas in Havana is a fascinating story of love, loyalty, and survival.”
— Julio Martinez, Senior Pastor, Shadai Phoenix Church
“Christmas in Havana is a powerful conclusion to Hiemstra’s trilogy. It’s a fast-moving drama full of romance, action, and spiritual reflection.”
— Sharron Giambanco, Business Owner and Writer
About the Author
Stephen W. Hiemstra (MDiv, PhD) is a husband, father, and writer with a passion for Christian spirituality and ministry. After a 27-year career as an economist with the U.S. government, Hiemstra transitioned into ministry, serving as a pastor and writer. He has published numerous books, including Called Along the Way and A Christian Guide to Spirituality, and writes regularly on his blog. Stephen holds a Master of Divinity from Gordon-Conwell Theological Seminary and a PhD in Agricultural Economics from Michigan State University.
For more information and to sign up for Stephen’s newsletter,
Visit www.stephenwhiemstra.net
Contact Information:
Contact Person : Stephen W. Hiemstra
Email: t2pneuma@gmail.com
Blog: https://t2pneuma.net
Books: https://t2pneuma.com
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
A Darkly Comic Journey into the Absurd with Slaphappy by Dug Brown
Dug Brown’s latest novel, Slaphappy, is a hilariously eccentric and daringly unpredictable tale that dives deep into the absurdities of human nature, morality, and the chaotic pursuit of fame. Set in a morally decaying society, Slaphappy follows the life of Bruiser, the irreverent host of the Atlanta-based internet game show Greed, where contestants are enticed to sacrifice their moral values for cash rewards.
This bold novel blends dark humor with elements of New Age smut, bringing readers a unique genre mashup that explores the fringes of human desires and moral boundaries. The novel takes an unexpected turn when Bruiser encounters Bootleg, a mysterious transient, during a show taping. After receiving a handful of change from Bootleg, Bruiser wakes up three days later with an uncanny ability: he can heal people by slapping them. What follows is a bizarre and darkly humorous journey across the country, as Bruiser embarks on a slap-fueled healing tour, raising questions about his sanity and whether his newfound power is a curse or a blessing.
As Bruiser slaps his way through moral dilemmas, addictions, and a deep-seated disdain for humanity, the novel explores complex themes, including the savior complex, societal decay, and the human obsession with finding heroes in the most unlikely places. His bizarre journey is further complicated by his growing relationship with Vanessa, his new producer, who sees the entertainment potential in his powers, yet senses a deeper purpose behind his strange gift.
Brown’s writing, reminiscent of satirists like Philip Roth and Ishmael Reed, takes readers on a thought-provoking, surreal, and often darkly comedic ride. Through Bruiser’s exploits, Slaphappy satirizes reality TV, the pursuit of the American Dream, and the fine line between good and evil.
Praise for Slaphappy
Slaphappy challenges readers to reflect on their own beliefs, fears, and anxieties through a blend of ultra-black humor, vivid surrealism, and characters who exist on the fringes of society. Bruiser’s story, while outlandish, embodies the darkest fears and desires of the modern world, creating a narrative that is as entertaining as it is thought-provoking.
With its irreverent tone and unpredictable twists, Slaphappy is a must-read for fans of dark comedy, New Age smut, and unconventional storytelling. Dug Brown’s unique voice, honed by years of bartending and transcendent spiritual practices, brings a raw, authentic edge to the novel, blending satire with a profound commentary on human nature.
Slaphappy is now available for purchase and promises to take readers on a wild, unforgettable journey.
Contact Information:
Contact Person: Dug Brown
Website: www.dugbrown.com
Email: dugbrown3@gmail.com
Dug Brown has spent most of his life observing humanity from behind a bar, where much of his dialogue and perspective on human nature was shaped. A Reiki master and Johrei practitioner, Brown brings a transcendental perspective to his writing. Having studied film in Los Angeles, Brown worked as a screenwriter before venturing into documentary filmmaking and eventually returning to the South. Slaphappy is part of a broader library of thought-provoking novels that aim to take readers from the darkness of human experience into the light of a new generation.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Life Bank Chain Launches ERC-20 Token System to Drive Innovation in Genetic Research
Life Bank Chain Introduces a New Paradigm in Genetic Data Management with Dr. Randy Schekman
Life Bank Chain, a player in blockchain-based healthcare solutions, has announced the launch of its ERC-20 token framework to bridge the gap between genetic research and blockchain. This revolutionary model aims to incentivize scientists and researchers to share data, driving innovation in personalized medicine and accelerating medical breakthroughs.
With Nobel Laureate Dr. Randy Schekman lending his expertise in biology, Life Bank Chain’s initiative promises to set a new standard in the fusion of blockchain and genetic research. This approach enhances efficiency, transparency, and collaboration, addressing critical challenges in healthcare while laying the foundation for a more open and secure research ecosystem.
“Blockchain offers a unique solution to manage research contributions and reward innovation,” said Dr. Randy Schekman, advisor to Life Bank Chain. “This project has the potential to unlock new frontiers in healthcare by making research more accessible and incentivizing breakthroughs.”
Building a Collaborative and Transparent Research Ecosystem
Life Bank Chain’s ERC-20 token framework incentivizes the collection and sharing of genetic data by rewarding contributors with digital tokens. These tokens aim to foster an environment of transparency, making research more efficient and accessible while encouraging collaborative efforts between scientists and healthcare professionals.
The project’s tokenized ecosystem also presents a compelling opportunity for investors, as it is designed to drive exponential growth through active participation and innovative contributions. Life Bank Chain’s dual focus on blockchain and biology positions it as a game-changer in both healthcare and decentralized finance.
Transforming Personalized Medicine with Blockchain Technology
The ERC-20 token system is just one aspect of Life Bank Chain’s mission to redefine personalized healthcare. Dr. Schekman’s extensive background in cellular biology informs the development of DNA and RNA-based solutions, with a focus on creating therapies tailored to individual genetic profiles.
This fusion of blockchain technology with personalized medicine ensures that data is secure, decentralized, and accessible only to those with authorized access. Life Bank Chain’s innovative model allows patients and researchers alike to maintain control over sensitive genetic data while fostering new breakthroughs in medical science.
“This initiative encourages both collaboration and security, empowering researchers to drive progress while respecting data privacy,” said Dr. Schekman.
About Life Bank Chain
Life Bank Chain is a pioneer in blockchain-based healthcare solutions, focusing on secure genetic data management and personalized medicine. With the involvement of Nobel Laureates Dr. Randy Schekman and Dr. Eric Maskin, the company combines cutting-edge biology with advanced blockchain technology to create innovative healthcare solutions. Life Bank Chain’s mission is to bridge the gap between science and decentralized finance, driving both data security and medical advancements.
Website: https://lifebankchain.io/
Media Contact
Contact person : Ryan Chris – CEO
Email: contactus@lifebankchain.io
Website: https://lifebankchain.io/
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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