Diamond

Diamcor Mining Inc. (TSXV:DMI) completed the installation of the main power line to its Krone-Endora at Venetia project. The Company has also recovered four additional “Special” diamonds in the +10.8 carat category during the ongoing testing and commissioning work being performed at the project.

 Diamcor Mining Inc. (TSXV:DMI) completed the installation of the main power line to its Krone-Endora at Venetia project. The Company has also recovered four additional “Special” diamonds in the +10.8 carat category during the ongoing testing and commissioning work being performed at the project.

As quoted in the press release:

The 8.4 km main power supply line, constructed by State electricity supplier Eskom, is the final key infrastructure requirement for the Project and is expected to provide immediate operational cost savings and reduced downtime when compared to the diesel generators currently being used at the Project. The Company has also installed an additional 0.7 km power line to support the in-field screening plant. With these power lines now complete, the existing diesel generators at both the main plant and the in-field screening plant will remain in place to provide the Project with added benefit of standby power.

In addition, the Company has recovered four additional “Special” diamonds in the +10.8 carat category during the ongoing testing and commissioning work being performed at the Project. The four additional Specials recovered were 12.82 carat, 17.75 carat, 20.48 carat, and 48.26 carat stones.

Diamcor Mining Inc. President and Chief Executive Officer, Dean Taylor, said:

The installation of the main power line to the Project marks the successful completion of the final infrastructure item for the Project, and one that will provide immediate benefits to operating cost and reliability. The continued recovery of larger diamonds also provides us with yet further confirmation of the Project’s ability to produce large diamonds, and while their quality does vary like all production, the frequency with which they are being recovered certainly is indicative of the potential for high quality / high dollar value diamonds to be recovered more often.

Click here to read the Diamcor Mining Inc. (TSXV:DMI) press release
Click here to see the Diamcor Mining Inc. (TSXV:DMI) profile

MARKETS

Markets
TSX19062.91+345.79
TSXV647.33+15.54
DOW31500.68+823.32
S&P 5003911.74+116.01
NASD11607.62+375.43
ASX6528.40+19.90

COMMODITIES

Commodities
Gold1837.47+6.46
Silver21.48+0.34
Copper3.77+0.02
Palladium1935.50+58.50
Platinum915.50+4.50
Oil107.81+0.19
Heating Oil4.21-0.03
Natural Gas6.13-0.09

DOWNLOAD FREE REPORTS

×