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30/03/2012

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Additional Information
Market: AIM
Sector: General Mining - Diamonds & Gemstones
EPIC: DCP
Latest Price: 5.13p  (0,00%)
52-week High: 15.38p
52-week Low: 4.50p
Market Cap: 12.43M
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DiamondCorp plc is an emerging diamond producer focused on maximising shareholder value through the development of high margin diamond production assets. The company is incorporated in the UK and the highly prospective diamondiferous regions of South Africa and Botswana are its chosen areas of operation.

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Diamondcorp recovers gem quality stones at Jwaneng South

20th Dec 2011, 2:52 pm by Philip Whiterow Diamondcorp finds four pink stones among sample

 

DiamondCorp (LON: DCP) said today its latest drilling at Jwaneng South in Botswana had recovered 23 macro diamonds of mostly clear gem quality.

The group added that the majority of the stones were fragments of larger diamonds most likely broken during the drilling process, though four pink diamonds were present.

The diamonds were recovered from the first five large diameter (455mm) drill (LDD) holes undertaken on kimberlite J-05 at Jwaneng South. 

The concentrates from each sample will be re-processed early in the New Year in order to ensure that no diamonds were missed. 

Once the samples have been re-processed, the data, together with the micro diamond data recovered from earlier exploration, will be submitted for modelling to determine an initial grade estimate, DiamondCorp said.

In the meantime, LDD drilling at kimberlite J-01 is continuing, with samples due to start arriving at Lace for processing in the New Year.

DiamondCorp's managing director Paul Loudon said: "We look forward to receiving final results and the grade modelling from the mini-bulk tests on both J-01 and J-05 in the first quarter of 2012. Only when the final data has been assessed and modelled will we have an indication of the grade potential of these kimberlites."

Jwaneng South is about 10 kilometres southeast of De Beers Jwaneng mine – the world’s ‘richest’ diamond mine.

 

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