Diamcor Reports 97% Increase in Basal Gravels at Krone-Endora at Venetia Project

- October 11th, 2011

Diamcor Mining Inc. (TSXV:DMI,OTCQX:DMIFF) announced its preliminary updates for the Upper Zone and Basal Zone gravels based on the results of the initial drilling efforts which have been completed at its Krone-Endora at Venetia project.

Diamcor Mining Inc. (TSXV:DMI,OTCQX:DMIFF) announced its preliminary updates for the Upper Zone and Basal Zone gravels based on the results of the initial drilling efforts which have been completed at its Krone-Endora at Venetia project.

As quoted in the press release:

The initial drilling efforts were completed on 469 targets, as previously announced, and were aimed at better defining the location, extent and thicknesses of the Upper Zone and Basal Zone gravel units both within the areas initially explored by De Beers and within additional surrounding areas of the Project.    The data collected from the drilling programme was also used to assist in the determination of areas for the Company’s planned move to bulk sampling which is the next phase of the recommended work programme. The recommended bulk sampling efforts are designed to test these gravel materials in the various areas for the presence of diamonds and to determine the grade of those materials.

Diamcor Mining CEO, Dean Taylor commented:

“We are very pleased with the significant increase in the estimate of the Basal Zone gravels given these are the type of gravels which have been identified as potentially higher grade zones in previous work completed on the Project.”   “These results demonstrate the potential for added growth in the Project, and our efforts are now centered on completing the drilling of the remaining targets in conjunction with the finalization of various preparations in anticipation of our planned move to the recommended bulk sampling programme.”

Click here to read the Diamcor Mining (TSXV:DMI,OTCQX:DMIFF) press release.

Click here to view the Diamcor Mining (TSXV:DMI,OTCQX:DMIFF) profile.

 

Leave a Reply