The Conversation (0)
Diamcor Mining Inc. (TSXV:DMI) has begun additional expansion at its Krone-Endora at Venetia project following the $3.13 million private placement closed December 31 2014. The company anticipates that the expansion and upgrades at its facilities will be complete by the April quarter.
Furthermore, Tiffany & Co. Canada has agreed to a one year deferral and loan extensions relative to its financings with the company.
As quoted in the press release:
Due to the nature of the deposit, one of the primary objectives was the design and development of the Project’s in-field dry-screening plant necessary for the efficient removal of fine material under 1.0mm in size. As a result of extensive testing and development, the in-field dry-screening plant now meets the Company expectations, thus clearing the way for the acquisition and deployment of infrastructure necessary to effectively treat and process larger material in the +26.0mm size fractions which, to date, has been stockpiled. The upgrades underway are also designed to enhance efficiencies related to all sizes of material. Additional infrastructure upgrades include the upgrade and expansion of the Project’s X-ray final recovery systems, the installation of additional processing equipment to enhance the crushing and liberation of material in the noted larger size fractions and the deployment of larger heavy equipment.
Click here to read the Diamcor Mining Inc. (TSXV:DMI) press release
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