Diamcor realizes US$278.76 per carat!
Diamcor bags US$278.76 per carat!
Diamcor earns US$278.76 per carat!
Diamcor Mining Inc. (TSX-V.DMI / OTCQB-DMIFF), (the “Company”) is pleased to announce the results of the tender and sale of the previously announced rough diamonds recovered as part of initial resumed processing exercises performed following the recent screening modifications at the Company’s Krone-Endora at Venetia Project (the “Project”). The Company sold a total of 2,606.50 carats of rough diamonds for gross proceeds of USD $726,588, resulting in an average price of USD $278.76 per carat. Included in the rough diamonds tendered and sold were three individual gem quality diamonds’ in the special (+10.8 carats) category including one high quality 18.44 carat gem octahedron, and two gem quality diamonds weighing 18.57 and 14.70 carats respectively. These special diamonds sold for gross proceeds of USD $195,810, or USD $3786.70 per carat. Net of these special category rough diamonds, the balance of the rough diamonds tendered and sold achieved an average price of USD$207.76 per carat.
“We are very pleased with the results of this tender, and while the recoveries in the special category point to the Project’s potential, the average dollar per carat achieved before and after the inclusion of specials, is also very encouraging”, commented Diamcor CEO, Mr. Dean Taylor. “Our current efforts at the Project are focused on increasing processing volumes and enhancing operating efficiency and consistency”, added Mr. Taylor.
About Diamcor Mining Inc.
Diamcor Mining Inc. is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established operational and production history in South Africa and extensive prior experience supplying rough diamonds to the world market.
