Diagem Ceases Activities in Brazil Until IBAMA Embargo Is Resolvedadmin
The Board of Directors of Diagem Inc. have decided to cease its Juina-based exploration and development activities until the embargo placed on its Chapadao Project by the Brazilian Federal Environmental Agency can be successfully resolved. The Company is pursuing discussions with various parties with a view to the possible disposition of some or all of its mineral properties, processing plants, and equipment.
Diagem Inc. is an exploration-stage Canadian public company focused on primary diamondiferous resources in the Juina Diamond Province of Mato Grosso, Brazil, where it controls a large portfolio of mineral properties. The Company has discovered two clusters of kimberlite pipes believed to be significant sources of Juina’s historical alluvial diamond production.