Diamcor recovers 5.36 carat green gem quality diamond

Diamcor Mining Inc. recovered a 5.36 carat green gem quality octahedron rough diamond from the initial processing of material in the +1.0mm to -45.0mm size fractions underway through the newly expanded facilities at the company’s Krone-Endora at Venetia Project.

The significance of this rough green diamond is currently uncertain, however given the rarity and potential high value of green diamonds, an analysis of this diamond will be performed over the coming weeks to aid the company in determining the best course of action to take for this diamond.

In certain instances, radiation may cause the outer surface of rough diamonds to present with a green colour, as was thought to be the case with two very small, lower quality rough diamonds previously recovered from testing and commissioning at the project. The company believed neither of these smaller, lower quality rough diamonds warranted additional consideration at the time. However, given the larger size, quality, and shape of this rough diamond, the Company believes further analysis is warranted due to the relative rarity and value of green diamonds.

While an initial analysis may provide some insight into this 5.36 carat green rough diamond, it is probable that the cutting and polishing of this rough diamond, will help determine if the rough diamond retains its green colour throughout or if the green colouration is limited to the outer surfaces only.

The 5.36 carat green rough diamond has been shipped to Antwerp along with other rough diamonds recovered from the ongoing efforts and processing underway at the Project. The above noted rough diamonds delivered, excluding the 5.36 carat green rough diamond, will be offered in a third and final tender and sale of the current quarter, which is scheduled to be completed prior to the end of June 2017.