Diamcor Reports Q1 Diamond Sales; Provides Operational Update for Krone-Endora at Venetia

Diamcor Mining Inc. (TSXV:DMI,OTCQXMKT:DMIFF) provided an operational update for its Krone-Endora at Venetia project in South Africa. The company also announced the results of rough diamond sales for its fiscal first quarter, which ended June 30.
As quoted in the press release:

Operational efforts during the first fiscal quarter ended June 30, 2015 focused on the completion, commissioning, and refinements of the previously announced upgrades and expansions to the Project’s processing plant which included; the installation of a large autonomous mill/wet scrubbing unit to enhance the liberation of all material, the expansion of the treatment plant’s feed bin capacity and conveyor structures to support added processing capacity, the installation of nuclear density measurement equipment to increase operational efficiencies and controls associated with the plant’s pre-concentrating pans, the installation of expanded tailings storage and automated conveyor loading systems and, the installation and calibration of additional weightometer systems on various conveyor structures located throughout the Project.
The Company participated in one rough diamond tender selling 2,856.24 carats generating gross revenues of (US) $455,227.66, yielding an average price of (US) $159.38 per carat during the first fiscal quarter ended June 30, 2015. An additional ~2,050 carats of rough diamonds were recovered during the period and are being prepared for sale at upcoming tenders along with rough diamonds expected to be recovered in the current fiscal quarter. Rough diamonds recovered and sold during the period were primarily the result of the continued processing of material in the +1.0mm to -26mm size fractions early in the period, along with limited processing of material from various larger size fractions throughout the later part of the period.

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