Shear Diamonds Ltd. (TSXV:SRM) announced a processing and operations update and also announces the appointment of a new Chief Financial Officer.
As quoted in the press release:
Shear is providing a processing and operations update with respect to the high grade concentrate stockpiles at its Jericho diamond mine: On July 6, 2012 Shear delivered its second parcel of diamonds to Taché Company N.V., Shear’s diamond marketing partner, for sale into end markets. The second parcel amounted to 13,908.31 carats. Since commencing 24 hour operations on June 15, 2012, Shear’s average production rate has been approximately 80 tonnes per day. Shear’s average recovery grade for the second parcel is approximately 10.6 carats per tonne.