Diamcor Mining Inc.(TSXV:DMI) announced the delivery of operational equipment and a new modular processing plant after a successful 2011 program. The Company plan to undertake further bulk sampling this year and are hoping to file a new and updated NI 43-101 report in the coming months.
Highlights of the 2011 program include:
Construction of a 9km primary access road to support the ongoing needs of the Project for the long-term
Clearing of 60km of temporary roads in preparation for the deployment of operational teams to complete the recommended infill and extended drilling programme
Completion of the initial recommended infill and extended drilling progamme on 390 targets, which due to encouraging results was expanded to 469 targets and lead to the Company’s previously announced 97.5% increase in the basal gravel estimates at the Project
Subsequent drilling of a total of 558 targets over +/- 400 hectares, allowing the Company to secure data used in the determination of areas for planned additional bulk sampling, upcoming trial-mining exercises, and the location for the immediate construction of the Project’s plant site
Diamcor, CEO, Dean Taylor, said:
2011 was a milestone year for Diamcor and we now find ourselves positioned as one of the very few companies in the world with the potential to provide sustained rough diamond production in the future at a time when prices are increasing, and shortfalls in supply are widely expected to grow”