Diamcor earns US$278.76 per carat!
Diamcor
Mining announces the results of the tender and sale of the previously announced
rough diamonds recovered as part of initial resumed processing exercises
performed following the recent screening modifications at the Company’s Krone-Endora
at Venetia Project.
The
Company sold a total of 2,606.50 carats of rough diamonds for gross proceeds of
USD $726,588, resulting in an average price of USD $278.76 per carat. Included
in the rough diamonds tendered and sold were three individual gem quality
diamonds’ in the special (+10.8 carats) category including one high quality
18.44 carat gem octahedron, and two gem quality diamonds weighing 18.57 and
14.70 carats respectively.
These
special diamonds sold for gross proceeds of USD $195,810, or USD $3786.70 per
carat. Net of these special category rough diamonds, the balance of the rough
diamonds tendered and sold achieved an average price of USD$207.76 per
carat.
“We
are very pleased with the results of this tender, and while the recoveries in
the special category point to the Project’s potential, the average dollar per
carat achieved before and after the inclusion of specials, is also very
encouraging”, commented Diamcor CEO, Mr. Dean Taylor. “Our current efforts at
the Project are focused on increasing processing volumes and enhancing
operating efficiency and consistency”, added Mr. Taylor.
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