null (DOLV: OTC Pink Current) | Dolat Ventures Inc. Moves Forward With Private Investment into Diamond Mine Assets

OTC

Dolat Ventures Inc. Moves Forward With Private Investment into Diamond Mine Assets

Dec 09, 2014

OTC Disclosure News Service

Dolat Ventures Inc. (OTC PINK: DOLV) announced today that it has
completed a corporate restructuring and that Millenium Mining LLC its
wholly owned subsidiary has signed a joint venture partnership with a
private investor to restart diamond mining at its mining location near
Bo, Sierra Leone. The joint venture will be financed by private funds,
for the purpose of dredging, mining, continuing exploration and
collecting and selling diamonds, and other deposits and Millenium Mining
will put forth its mining license with all landowners in the Tikonko
Chiefdom into the joint venture.

“It has been a long time, but we are finally ready to move from
artisanal mining on the Sewa River, to full scale diamond production and
automation,” said Dovid Hauck, Chief Executive Officer of Dolat Ventures
and Millenium Mining. “Historically where we are located we have
averaged approximately 0.4 carats per ton of rock, with a daily average
of six to ten tons of production per day by artisanal mining when in
production. By being able to fully dredge, get the modern equipment
needed, and fully automate we will expect to process up to 800-1000 tons
of rock per day. We have been mining here for nearly eight years and we
know the carat concentration averages are fairly steady, the business is
built on being able to process large amounts of rock every single day,”
he added.

Dolat’s Millenium Mining is located in the Sewa River, located in the
heart of Sierra Leone, 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.

Mr. Hauck noted, “Our investing partner is committed to the full range
of financing needed for the project and we expect to be able to announce
full details shortly. We presently are finalizing Sierra Leonean legal
agreements, with the US based joint venture agreements already signed.”

For more information please visit: www.dove-diamonds.com

About Dolat Ventures Inc. (OTC: DOLV)

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. Millenium Mining LLC is the company’s wholly owned
subsidiary, and mining site located near Bo, Sierra Leone. The company
has been in operations for nearly eight years and has sold its rough
diamonds in the United States. The company intends to purchase rough and
uncut diamonds and gems from international suppliers 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.

These forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions,
estimates and projections about the company and the industry. The
Company undertakes no obligation to update forward-looking statements to
reflect subsequent occurring events or circumstances, or to changes in
its expectations, except as may be required by law. Although the company
believes that the expectations expressed in these forward-looking
statements are reasonable, management cannot assure the public that
their expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the anticipated
results.

Dovid Hauck – President
Phone: (702) 751- 3560
EMAIL info@dove-diamonds.com
info@dolatventures.com
Web
: www.dolatventures.com

Copyright © 2014 Businesswire. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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null (DOLV: OTC Pink Current) | Dolat Ventures Inc. Moves Forward With Private Investment into Diamond Mine Assets

OTC

Dolat Ventures Inc. Moves Forward With Private Investment into Diamond Mine Assets

Dec 09, 2014

OTC Disclosure News Service

Dolat Ventures Inc. (OTC PINK: DOLV) announced today that it has
completed a corporate restructuring and that Millenium Mining LLC its
wholly owned subsidiary has signed a joint venture partnership with a
private investor to restart diamond mining at its mining location near
Bo, Sierra Leone. The joint venture will be financed by private funds,
for the purpose of dredging, mining, continuing exploration and
collecting and selling diamonds, and other deposits and Millenium Mining
will put forth its mining license with all landowners in the Tikonko
Chiefdom into the joint venture.

“It has been a long time, but we are finally ready to move from
artisanal mining on the Sewa River, to full scale diamond production and
automation,” said Dovid Hauck, Chief Executive Officer of Dolat Ventures
and Millenium Mining. “Historically where we are located we have
averaged approximately 0.4 carats per ton of rock, with a daily average
of six to ten tons of production per day by artisanal mining when in
production. By being able to fully dredge, get the modern equipment
needed, and fully automate we will expect to process up to 800-1000 tons
of rock per day. We have been mining here for nearly eight years and we
know the carat concentration averages are fairly steady, the business is
built on being able to process large amounts of rock every single day,”
he added.

Dolat’s Millenium Mining is located in the Sewa River, located in the
heart of Sierra Leone, 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.

Mr. Hauck noted, “Our investing partner is committed to the full range
of financing needed for the project and we expect to be able to announce
full details shortly. We presently are finalizing Sierra Leonean legal
agreements, with the US based joint venture agreements already signed.”

For more information please visit: www.dove-diamonds.com

About Dolat Ventures Inc. (OTC: DOLV)

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. Millenium Mining LLC is the company’s wholly owned
subsidiary, and mining site located near Bo, Sierra Leone. The company
has been in operations for nearly eight years and has sold its rough
diamonds in the United States. The company intends to purchase rough and
uncut diamonds and gems from international suppliers 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.

These forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions,
estimates and projections about the company and the industry. The
Company undertakes no obligation to update forward-looking statements to
reflect subsequent occurring events or circumstances, or to changes in
its expectations, except as may be required by law. Although the company
believes that the expectations expressed in these forward-looking
statements are reasonable, management cannot assure the public that
their expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the anticipated
results.

Dovid Hauck – President
Phone: (702) 751- 3560
EMAIL info@dove-diamonds.com
info@dolatventures.com
Web
: www.dolatventures.com

Copyright © 2014 Businesswire. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Leave a Reply