Dolat Ventures Inc. announced the expansion of the diamonds operations at the Baimbawai Pool in the Sewa River along with the expansion into gold and other rare minerals.
Dovid Hauck, Chief Executive Officer, stated, “With the continued increase in rough diamond prices, we believe this is the time to expand our mining operations. Diamonds currently mined are sold in the rough conditions in which they are found. We sell these diamonds in Sierra Leone and around the world. Our current operations include 85 miners and two dredges.”
“Additional expansion includes mining for gold, tantalum and niobium. Initial drilling and exploration has indicated gold and tantalum and niobium on our properties. This said, we are taking an aggressive approach to further expanding our mining operations,” concluded Mr. Hauck. Tantalum and niobium are rare earth minerals used in an array of applications from cell phones to batteries.