Diamcor Recovers 72.53 Carat Gem Quality Diamond and Reports Initial Tender and Sales for the Quarter

Feb 21, 2023

KELOWNA, BC / ACCESSWIRE / February 21, 2023 / Diamcor Mining Inc. (TSXV:DMI, Financial)(OTCQB:DMIFF)(FRA:DC3A, Financial), ("Diamcor" or, the "Company") is pleased to announce the recent recovery of a 72.53 carat gem quality rough diamond and reports the initial sale of 1,466.12 carats of rough diamonds during the current quarter from the processing of quarry material at the Company's Krone-Endora at Venetia Project (the "Project"). The sale of the 1,466.12 carats of rough diamonds generated gross revenues of USD $294,696.73, resulting in an average price of USD $201.00 per carat. The 72.53 carat gem quality special rough diamond recovered by the Company is currently being offered for tender and sale in Dubai and is expected to offset the lower than expected total carats sold in the initial sale of the quarter. Additional rough diamonds recovered to date during the period are being held as stock on hand for later tender and sale.

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