Diamcor approaches to extract over 200K Cts

May 24, 2023

Diamcor Mining Inc announces that its CEO, Dean Taylor, will be presenting virtually at the upcoming Sequire Metals & Mining Conference on May 25th. The presentation will provide an update on the Company’s Krone-Endora at Venetia Project, the efforts underway to ramp up processing volumes, and the recently announced drilling and bulk sampling exercises aimed at identifying the deposits on the remaining 85% of the Project’s 5,833 ha areas.

The Project is co-located with De Beer’s Venetia Diamond Mine (“Venetia”), and the diamond deposits on the Company’s Krone and Endora properties are known to have been created from the direct shift and erosion of an estimated 50 million tons of material from Venetia.

The Company has established significant infrastructure at the Project and developed unique approaches to mining using advanced technologies and techniques to initially extract over 200,000 carats of rough diamonds from trial-mining exercises at the Project in a safe, efficient, and environmentally responsible manner. The Venetia diamond mine is considered one of the world’s top producing diamond mines and De Beers has confirmed its recent investment of an additional $2.0B USD in Venetia.

“I look forward to providing the Sequire audience with an overview of our progress at our Krone-Endora at Venetia Project and the efforts underway aimed at advancing the Project to the next stages to support our future growth and the creation of Shareholder value for the long-term,” stated Mr. Dean Taylor, Diamcor’s CEO.

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