Diamcor Mining Down 8% on Venetia Project Update

Diamcor Mining Inc. (DMI.V) announced that it continues to make excellent progress on the completion of the recommended drilling programme and site preparations for the company's planned transition to recommended bulk sampling at its Krone-Endora at Venetia project.

It said: "In addition to the drilling efforts, which are now in their final stages, approximately +/- 20 employees, consultants and contractors, including heavy equipment, are preparing for the company's commencement of the recommended bulk sampling program. Preparations include the establishment and upgrade of access roads throughout the project, preparations for the installation of an initial water pipeline, preparation of the area selected for the anticipated delivery of the bulk sampling plant, preparation of areas which have been selected for bulk sampling, establishment of operational offices and infrastructure on-site, procurement of equipment necessary for bulk sampling, and the procurement of the bulk sampling plant for delivery to the project. Further details regarding company efforts to support the transition to bulk sampling will be released by the company in the coming weeks."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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