https://www.miningweekly.com

Diamcor discovers another gem-quality ‘special’

Diamcor discovers another gem-quality ‘special’

Photo by Diamcor Mining

19th February 2014

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – Canadian diamond miner Diamcor Mining, which is focused on developing the Krone-Endora at Venetia project, in South Africa’s Limpopo province, on Wednesday revealed that it had recovered another gem-quality ‘special’.

The Kelowna, British Columbia-based firm said it had “incidentally” unearthed a 43.9 ct diamond while it was busy with the ongoing commissioning and testing exercises at the project.

Diamcor, which has a long-term strategic alliance and first right of refusal with Tiffany & Co Canada, a subsidiary of world famous jeweller New York-based Tiffany & Co, to buy all of the future output of rough diamonds from the project, had delivered the rough diamond to tendering facilities for initial evaluation and preparation for sale at an upcoming tender.

The diamond was expected to prove to be one of the higher-value rough diamonds recovered from the project to date.

Last October, the TSX-V-listed company sold its first large gem-quality diamond for $817 920 at auction.

The project is located a mere stone's throw away from the third-largest diamond mine in the world, De Beers’ flagship Venetia mine and its deposits had been identified as occurring as a result of the direct shift and erosion of an estimated one vertical kilometre of material from the higher adjacent grounds of the Venetia kimberlite pipes.

Diamcor noted that these testing recoveries and sales, did not form part of the initial National Instrument 43-101 technical report the company filed in July 2009.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.11 0.149s - 106pq - 2rq
Subscribe Now