| Wed 13 Jan 2010, 15:30 | | RDI - Rockwell Diamonds Incorporated - Rockwell Recovers Large Stones From |
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RDI
RDI
RDI - Rockwell Diamonds Incorporated - Rockwell Recovers Large Stones From
Holpan And Saxendrift
ROCKWELL DIAMONDS INCORPORATED
(A company incorporated in accordance with the laws of British Columbia,
Canada)
(Incorporation number BCO354545)
(Formerly Rockwell Ventures Inc.)
(South African registration number: 2007/031582/10)
Share code on the JSE Limited: RDI ISIN: CA77434W1032
Share code on the TSX: RDI CUSIP Number: 77434W103
Share code on the OTCBB: RDIAF
("Rockwell")
ROCKWELL RECOVERS LARGE STONES FROM HOLPAN AND SAXENDRIFT
January 13, 2010, Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the
"Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) reports that it has recovered
several large stones - plus-50 carats in size - from the Saxendrift and Holpan
mining operations.
Some of these large diamonds were produced prior to the short break for the
holiday season, and others were recovered since operational start-up on
January 8, 2010. They are:
- 52.40 carat clean light fancy yellow diamond from Holpan;
- 60.52 carat light yellow octahedral diamond from Saxendrift;
- 74.99 carat clean white irregular blocky stone from Saxendrift;
- 54.23 carat light yellow broken macle stone with inclusions from Saxendrift;
and
- 60.51 light yellow rounded flat stone with oxide coating and minor
inclusions from Saxendrift.
The stones are being cleaned to ensure that their proper characteristics,
including colour and clarity, are apparent for valuation by the Company`s
diamond experts.
The Saxendrift mine is located adjacent to the Middle Orange River
approximately 160 kilometers southwest of Kimberley, and the Holpan mine is
located approximately 40 kilometers north of Kimberley, in the Northern Cape
Province of South Africa. The four diamonds recovered at Saxendrift were
mined from basal gravel and Rooikoppie deposits, whereas the Holpan stone was
likely mined from paleochannel deposits.
President and CEO John Bristow stated "Our Saxendrift mine continues to
impress with its regular yield of large and exceptional stones, highlighting
the remarkable geological setting of this, and other, Middle Orange River
deposits. This is also the setting for the Wouterspan deposit and reinforces
our decision to implement the planning and re-commissioning of operations
there which yields a similar diamond population. Aside from heavy rain at
Holpan and Klipdam on the 7th and 8th of January which impacted processing and
earth moving operations, we are pleased to report a smooth start-up in 2010.
Our management and operations team are fully focused on ensuring a year of
good production and growth for Rockwell."
For further details on Rockwell Diamonds Inc., please visit the Company`s
website at ww.rockwelldiamonds.com or contact Investor Services at (604) 684-
6365 or within North America at 1-800-667-2114.
John Bristow
President and CEO
No regulatory authority has approved or disapproved the information contained
in this news release.
Forward Looking Statements
This release includes certain statements that may be deemed "forward-looking
statements". Other than statements of historical fact all statements in this
release that address future production, reserve or resource potential,
exploration drilling, exploitation activities and events or developments that
each Company expects are forward-looking statements. Although the Company
believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from
those in the forward-looking statements. Factors that could cause actual
results to differ materially from those in forward-looking statements include
market prices, exploitation and exploration successes, changes in and the
effect of government policies regarding mining and natural resource
exploration and exploitation, availability of capital and financing,
geopolitical uncertainty and political and economic instability, and general
economic, and market or business conditions. Investors are cautioned that any
such statements are not guarantees of future performance and that actual
results or developments may differ materially from those projected in the
forward-looking statements. For more information on Rockwell, Investors should
review Rockwell`s annual Form 20-F filing with the United States Securities
and Exchange Commission www.sec.com and the Company`s home jurisdiction
filings that are available at www.sedar.com.
Johannesburg
13 January 2010
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 13/01/2010 15:30:01 Produced by the JSE SENS Department.
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