Diamcor Mining Inc. (TSXV:DMI,OTCQX:DMIFF) has finished the construction, installation, and commissioning work associated with planned expansion for its in-field dry-screening plant at Diamcor’s Krone-Endora at Venetia Project. Though much of the company’s focus during the first fiscal quarter ended June 30, 2014 was on completing this expansion, Diamcor also reported that it participated in one diamond tender, selling 2,507.23 carats of rough diamonds to generate gross revenues of US$487,018.12 or US$194.25 per carat, on average.
As quoted in the press release:
These upgrades included the installation of a second Dabmar Bivitec screening unit as well as the design, construction and installation of significant additional conveyor and material handling structures to create a closed-loop automated system to enhance the treatment and removal of fine materials under 1.2mm. The Company also completed the design, construction and installation of a large material storage and transfer bin and associated conveyor structures to allow for the automated loading of screened material for transport to the Company’s treatment plant. The Company believes this expansion will enhance the efficient screening of fine material, reduce operating costs, and effectively support increased processing capacities in the long-term.
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