NEW YORK, Jan. 30, 2013 /PRNewswire/ -- Dolat Ventures Inc. (OTCQB: DOLV) announced today that its Diamond Mining subsidiary Dove Diamonds is expected to begin operations in the lucrative Diamond Reconditioning sector. The Company intends to begin operations in laser drilling and irradiation of diamonds and commented today on the growing economic opportunities in the diamond industry.
Laser Drilling works by using a laser to drill a microscopic hole to remove defects in the form of an inclusion to improve the color and quality of a diamond, therefore, increasing the diamonds value and potential revenues for DOLV. Often times, an acid is also used to bleach out the color to whiten and improve the diamonds quality and value. This is a permanent fix. The drill holes are visible under 10x magnification while looking at the hole at a perpendicular angle. The small indentation can be seen on the surface if viewed with a microscope. Irradiation is a laboratory process that is also used to alter the color of a diamond to increase the diamonds value and quality. High-energy subatomic particles (i.e. protons, neutrons, and electrons) and gamma rays are shot through the diamond altering the carbon structure, thus changing the color. This can be used to disperse a certain color inclusion throughout the whole diamond and can also be used to lighten a diamond.
Sierra Leone is considered one of the most stable countries on the African continent. It has a thriving democracy along with a growing economy and the investment climate is booming. Sierra Leone's coast has fertile seas, vast mineral resources and hard working people...... a true land of opportunity.
Dovid Hauck, President of Dolat Ventures stated, "Our future may be very exciting with this additional revenue source and with the potential of DOLV's gold and timber projects the Company continues to forge ahead. The Company continues to focus on expanding its diamond resources at the Baimbawai Pool on the Sewa River, which has shown exciting potential to date. At current grades and diamond values, the Baimbawai Pool on the Sewa River potentially maybe one of the highest known value per ton kimberlites globally. Dolat is also in preliminary negotiations with other mines within 10 kilometers from Dolat's mines that have an interest in being acquired. There is plenty of opportunity for expansion in diamonds and into gold, timber and other metals. We intend to be drilling and upgrading the resource statement during the fourth quarter of this year and I look forward to updating shareholders as we progress."About Dolat Ventures Inc. (OTCQB: DOLV) www.dove-diamonds.com Dolat Ventures Inc. through its wholly owned subsidiary Dove Diamonds & Mining intends to sell, market, cut and distribute its diamonds and gems around the world. Dolat's Millenium Mining is located in the Sewa River, located in the heart of Sierra Leone, West Africa formed by the junction of the Bagbe and Bafi rivers; it flows 150 mi (240 km) to join the Waanje River and form the Kittam, which empties into the Atlantic Ocean. The country's most important commercial river, it has historically produced the bulk of Sierra Leone's diamond exports. The company intends to wholesale its rough and uncut diamonds globally. Forward-Looking Statements This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts