Diamcor Mining Inc. (TSXV:DMI,OTCQX:DMIFF) reported an update on its South African diamond project.

As quoted in the market news:

In February of 2011, the company acquired the Krone-Endora Project from De Beers. The Project represents a combined surface area of approximately 5,888 hectares and is directly adjacent to De Beers' flagship Venetia Diamond Mine.

Diamcor's 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.