Announcing the results of the first tender  sale of rough diamonds in 2019 (for the Company’s fourth fiscal quarter ending March 31, 2019),   Diamcor Mining Inc.  said that it  earned gross proceeds of US$384,928.86 from the sale of 1,407.66 carats of diamonds recovered from   its  Krone-Endora at Venetia Project. The Company thus realised an average price of US$273.45 per carat for the rough diamonds tendered and sold. “The tender included the sale of one gem quality rough diamond in the “specials” category (+10.8 carats), weighing 11.57 carats,” Diamcor added. 

The Company said that an additional approximately 1,858.92 carats of rough diamonds were also delivered prior to the end of January 2019, which included a gem quality 44.09 carat rough diamond, and a low quality 37.0 carat rough diamond.  “These diamonds will be sold in a tender planned for later this month,” the Company stated.        

“We are pleased with the results of this tender and the sale price realised”, commented Diamcor CEO   Dean Taylor.  “We are equally as pleased with the recovery of the 44.09 and 37.0 carat rough diamonds which we believe is attributable to the additional crushing modifications recently completed at the Project.  The modifications are performing well and allowing us to process all size fractions moving forward.  Our efforts are now focused on increasing volumes and normalizing operations for the longer-term.”

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