OTCPK:SLMZF - Post by User
Comment by
leson Jul 12, 2001 1:59pm
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Post# 3979152
RE: More News from blue sky billy
RE: More News from blue sky billy5.56 carats at $1,600 (U.S.) per carat lets try for a 10.00 carat
Diamcor Mining Inc - News Release
Diamcor releases So Ver diamond production results
Diamcor Mining Inc
DMR
Shares issued 12,418,559
2001-07-11 close $0.27
Thursday Jul 12 2001
News Release
Mr. Peter Aladin reports
The company has released more production results from the So Ver Mine (Pty.) Ltd. of South Africa for
June, 2001. Crushing and processing of 7,000 tons produced 334.97 carats of diamonds because of
more improvements in the recovery process that have been implemented. The following results have just
come in from the So Ver diamond mine. The results are very encouraging news as it shows the mine
increasing its production as planned:
one octahedron stone -- 5.56 carats at $1,600 (U.S.) per carat;
eight octahedron stones -- 24.20 carats at $400 (U.S.) per carat;
14 octahedron stones -- 30.50 carats at $180 (U.S.) per carat;
48 octahedron stones -- 27.21 carats at $120 (U.S.) per carat;
68 octahedron stones -- 20.10 carats at $70 (U.S.) per carat;
chips -- 95.20 carats at $45 (U.S.) per carat;
second-grade chips -- 104.20 carats at $7 (U.S.) per carat; and
bort -- 28.00 carats at $1.00 (U.S.) per carat.
The total is 334.97 carats.
Management is confident by implementing certain improvements as suggested regarding the installation
of a scrubber at the feed side and a sortex at the final recovery, production can be increased to process
20,000 tons per month which could easily produce 1,000 carats per month.
Management is also pleased to report that it has now also added two shifts of 8.5 hours each as they
previously announced it had planned, which will increase production significantly. The company is also
planning on prospecting and mining to build up a certain production level for the next 10 years. The
company is also aggressively pursuing other acquisitions of producing diamond mines in South Africa
to increase its portfolio of producing diamond mines.
(c) Copyright 2001 Canjex Publishing Ltd. https://www.canada-stockwatch.com