Diamcor Mining Inc. (TSXV:DMI,OTCQX: DMIFF) reported that the vast majority of the construction and installation of site infrastructure at the Krone-Endora at Venetia project has been completed, and commissioning of a new 200 ton per hour modular processing plant installed at the Project has begun.
As quoted in the press release:
The commissioning and testing of this purpose built plant will be completed over the coming weeks, and will include (i) the processing of the remainder of the concentrate material secured as part of the acquisition of the Project from DeBeers Consolidated Mines Limited, and (ii) the processing of new material which has been recently mined and stockpiled from the K1 area of the Project. Along with allowing for the testing and commissioning of the plant, these exercises are aimed at recovering an initial quantity of rough diamonds suitable for preliminary sorting by the Company and its strategic alliance partner Tiffany & Co., and to assist the Company in establishing a new and current average dollar per carat estimate for the Project’s rough diamonds.
Diamcor CEO Dean Taylor said:
“The completion of the site infrastructure, and the installation of our new processing plant, are yet another example of our team’s ability to execute on our business plan,” “This extensive work was not only completed in a very short period of time, but also done on budget, allowing the Company to preserve operating capital for the further advancement of the Project”.