BRC Diamondcore 4th tender realises US$668,845

BRC DiamondCore Ltd., an African-focused diamond explorer active in South Africa and the Democratic Republic of the Congo, announces the results of its fourth tender sale of diamonds from its Paardeberg East kimberlite and Silverstreams alluvial trial mining projects in South Africa’s Northern Cape Province.

The company has sold 1,325.60 carats with an average value of US$504.56 per carat for a total of US$668,845. This comprised, 400.77 carats from Silverstreams with an average value of US$1,219 per carat; and 924.83 carats from Paardeberg East with an average value of US$194.81 per carat.

Silverstreams: “special stones” (+10.8 carats in size) totalled 40.16 carats (comprising 10% by weight) and achieved a total value of US$153,737 (comprising 31.5% by value).

The company is using the diamond analysis data, including independent diamond valuations and prices received on the open tender, to underpin the economic metrics of both projects.

The services of an independent diamond consultant, Mr. Ramon Ferraris of QTS-Kristal Dinamika, are retained to audit the bulk sampling plants, bulk sampling process and diamond analysis on both the Paardeberg East and Silverstreams sites.

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