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Diamcor Mining (TSXV: DMI; US-OTC: DMIFF) acquired the Krone-Endora at Venetia diamond project from De Beers in February 2011. The project consists of prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of 58.9 sq. km next to De Beers’ flagship Venetia diamond mine in South Africa.
The project’s near-surface deposits result from the shift and erosion of material from the higher grounds of the nearby Venetia kimberlites. The deposits on Krone–Endora occur in two layers with a maximum depth of 15 metres from surface to bedrock. The company has a long-term strategic alliance and first right of refusal with luxury retailer Tiffany & Co. to buy up to 100% of the future production of rough diamonds from Krone–Endora at the Venetia project.
Diamcor delivered 6,260 carats for tender in the first fiscal quarter ended June 30.
The dry-screening plant at Diamcor Mining’s Krone-Endora project in South Africa.
From same PR, these guys are clearly capable of producing.
"In total, ongoing trial mining exercises at the project from inception through to September 30 have resulted in the incidental recovery, tender and sale of 15,631 ct of rough diamonds, generating revenue of $25.9-million, resulting in an average of $165.84/ct."