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Diamcor Mining Inc. (TSXV:DMI,OTCQX:DMIFF) announced that it’s preparing diamond inventory for its largest diamond tender to date. It plans to offer about 6,800 carats from its South Africa-based Krone-Endora at Venetia project.
Diamcor Mining Inc. (TSXV:DMI,OTCQX:DMIFF) announced that it’s preparing diamond inventory for its largest diamond tender to date. It plans to offer about 6,800 carats from its South Africa-based Krone-Endora at Venetia project.
As quoted in the press release:
Rough diamonds in this initial tender of the Company’s third fiscal quarter ending December 31, 2015, will consist of approximately 2,800 carats of rough diamonds from material recovered and processed from the beginning of October to the 25th of the month, along with ~4,000 carats of rough diamonds which the Company previously announced were held as rough diamond inventory as of September 30, 2015. Rough diamonds being offered for the planned tender will include certain higher value rough diamonds which the Company withdrew from the previous tender, namely eight individual 2-3 carat rough diamonds, as well as one 10.93 carat “special” (+10.8 carat rough diamonds), and four additional individual “specials” ranging in size between ~11.72 carats and ~18.05 carats.
Rough diamonds being tendered are the result of the continued processing of material in the +1.0mm to -26mm size fractions, along with limited processing of material from various larger size fractions during the period. The combined efforts currently underway are designed to support the continued advancement of objectives consistent with the recommendations of the updated NI43-101 Technical Report (“Updated Technical Report”) filed by the Company on April 28, 2015, and to aid the Company in arriving at initial production decisions for the Project.
Click here to read the full Diamcor Mining Inc. (TSXV:DMI,OTCQX:DMIFF) press release.