DiamondCorp Lace Mine Study Finds Deeper is Better

Mining and Exploration
04/03/2016 08:16

DiamondCorp says a new study shows a 16% rise in the estimated total resource at its Lace mine of 38.48 million tones. However, the study went to a depth of 920 meters compared with 855 meters in the previous study in March 2012 at its 74%-owned operation in South Africa. CEO Paul Loudon said, “This confirms the potential for high operating margins increasing with depth which was one of the factors which attracted us to the project from the outset. “The forecast grade numbers are in line with what we are seeing from the UK4 mining ramp up and the actual carat value achieved will be known when we commence diamond sales in Antwerp in the last week of March.”