Diamcor Provides Update on Operational Expansions and Rough Diamond Tenders

Diamcor Mining Inc. (TSX-V.DMI / OTCQX-DMIFF), (the “Company”) is pleased to announce that further to the installation of significant additional operational items and expansions completed as announced on January 18, 2017, the testing, commissioning and calibration of these new facilities at the Company’s Krone-Endora at Venetia Project (the “Project”) continues to progress in a positive manner.

As quoted in the press release:

The Company expects the finalization of these efforts to be completed by April 30, 2017. These efforts, initially targeted for completion in the prior fiscal quarter ended March 31st, were delayed due to operational and product delivery issues. However, with the testing, commissioning, and calibration work now substantially completed, the facilities have very recently begun demonstrating an ability to achieve the desired goals of: increased processing volumes; the crushing and treatment of material up to 45mm in size; the processing of material through a dedicated ultra-coarse large diamond recovery circuit; and, an increase in the overall capacity of the Project’s final recovery and sorting facilities. This progress was evidenced by the results realized in the April tender, as noted below. Targeted increases in processing volumes approaching 100% over previous months are expected to be achieved in the current quarter, and the Company’s primary focus will now shift towards the planned transition to large-scale trial-mining exercises at the Project.

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