GJ Town India

2,054.88 carats of rough diamonds Tendered and sold in early February!   Diamcor Mining provided an update on the resumption of operations following the required suspension lasting for the majority of 2020 due to the unprecedented events associated with Covid-19.  The Company is making considerable progress increasing processing volumes, diamond recoveries, and revenues since resuming operations.  From December 2020 through January 20, 2021 the Company had delivered 4,174.36 carats of rough diamonds for tender and sale. In a summary key highlights are, 1: Tailings processed during the processing plant initial restart optimization yielded 666.75 carats of rough diamonds generating gross revenues of USD $79,000 equivalent to USD $118.49 per carat.   2: The subsequent processing of quarry material has now resumed, and 1,452.73 carats of rough diamonds from initial exercises were tendered and sold generating gross revenues of USD $266,705, resulting in an average pri...

Draws average price of USD $140.76 per carat According to the announcement of Diamcor Mining the Company has tendered and sold 3,714.97 carats of rough diamonds in the initial tender of the Company’s first fiscal quarter ending June 30, 2019.   The 3,714.97 carats of rough diamonds recovered from ongoing processing exercises being performed at the Company’s Krone-Endora at Venetia Project sold for total gross proceeds of USD $522,923.70, resulting in an average price of USD $140.76 per carat. The Company anticipated the lower than average dollar per carat achieved in the tender as a higher percentage of smaller, lower quality rough diamonds were sold in this tender.     The Company continues to make progress on its primary objectives of increasing processing levels, improving operational efficiencies, and the normalization of operations for the long-term.   Increased processing levels as compared to the previous fiscal quarter are being achieve...

Sales 1407.66 carats of rough Diamcor Mining announces the results of an initial tender and sale of rough diamonds for the Company’s fourth fiscal quarter ending March 31, 2019. The Company tendered and sold 1,407.66 carats of rough diamonds recovered from ongoing processing exercises performed at the Company’s Krone-Endora at Venetia Project, for gross proceeds of USD $384,928.86, resulting in an average price of USD $273.45 per carat for the rough diamonds tendered and sold. The tender included the sale of one gem quality rough diamond in the specials category (+10.8 carats), weighing 11.57 carats. An additionally about 1,858.92 carats of rough diamonds were also delivered prior to the end of January 2019, which included a gem quality 44.09 carat rough diamond, and a low quality 37.0 carat rough diamond.   These diamonds will be sold in a tender planned for later this month.        “We are pleased with the results of this tender and ...

Diamcor tendered over 2K yet sold 1905.07 carats Diamcor Mining announces the results of its final tender and sale of rough diamonds for the Company’s third fiscal quarter ending December 31, 2018.  The Company tendered 2,256.52 carats of rough diamonds recovered from resumed processing exercises at the Company’s Krone-Endora at Venetia Project, of which 1905.07 carats were sold for gross proceeds of USD $303,138.39, resulting in an average price of USD $158.60 per carat for the rough diamonds tendered and sold.  The balance of 351.45 carats will be tendered along with additional rough diamonds delivered by the Company in January of 2019.           With this final tender of the fiscal quarter complete, total rough diamonds tendered and sold during the Company’s third fiscal quarter ending December 31, 2018 will be 7,162.21 carats, for gross proceeds of USD $1,401,322.01, resulting in an average price of USD $195.66 per carat for th...