The Conversation (0)
Diamcor Mining (TSXV:DMI) announced the initial tender and sale of 3,579.58 carats of rough diamonds from the Company’s Krone-Endora at Venetia Project for total gross proceeds of $510,829, or $142.71 per carat on average. The initial rough diamonds sold were recovered in conjunction with the previously announced ongoing testing and commissioning exercises underway.
As quoted in the press release:
Below is a summary of the rough diamonds 1.0 carat or larger tendered and sold:
- 264 diamonds (total 352.82 carats) between 1 and 2 carats in size
- 58 diamonds (total 138.78 carats) between 2 and 3 carats in size
- 23 diamonds (total 81.02 carats) between 3 and 4 carats in size
- 13 diamonds (total 56.09 carats) between 4 and 5 carats in size
- 1 diamond of 5.37 carats
- 1 diamond of 7.37 carats
- 1 diamond of 8.05 carats
- 1 diamond of 9.83 carats
Diamcor President and CEO Dean H. Taylor said:
The initial tender and sale of rough diamonds and revenue generated from the Krone-Endora at Venetia Project marks yet another important milestone for our Company. With this important milestone achieved, our focus has already shifted to the recovery and screening of material from the higher-grade, lower areas of the deposit, and the procurement, delivery and installation of additional equipment to enhance overall recoveries and allow for the effective treatment of material in the +10mm size fractions.
Click here to read the Diamcor Mining (TSXV:DMI) press release
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