The Conversation (0)
Diamcor Mining (TSXV:DMI, OTCQX:DMIFF) announced its third quarter results – ending September 30, 2014 – on Monday morning highlighting the acquisition and development of the company’s Krone-Endora at Venetia project. Of particular note, the South African Department of Mineral Resources gave it a mining right for Krone-Endora in September giving Diamcor exclusive right to mine and recover diamonds from the area.
According to the release, highlights include:
- Successful acquisition of Krone-Endora at Venetia project from De Beers – directly adjacent to De Beers’ flagship Venetia Diamond Mine – deposits identified as being the result of the direct shift and the subsequent erosion of materials from the higher grounds of the Venetia kimberlites onto the lower areas surrounding Venetia including those areas of Krone and Endora.
- Extensive development at Krone-Endora at Venetia project with vast majority of infrastructure now in place including: water pipelines, main power lines, 600TPH in-field dry-screening plant, 150TPH modular processing treatment plant, Volvo heavy equipment, security fencing, and various other itemsaimed at supporting long-term objectives.
Click here to read the Diamcor Mining (TSXV:DMI,,OTCQX:DMIFF) press release
Click here to see the Diamcor Mining (TSXV:DMI,,OTCQX:DMIFF) profile.