China Diamond Corp. Announces October Production Results.LONDON -- China Diamond Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation ), is pleased to announce the production results for the month ending October 25, 2004 for the 701 Changma Diamond Mine, its principal mining operation located in Shandong Province in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. For the one month period ending October 25, 2004, the 701 mine produced 10,123.61 carats, greater than 1.0 mm in size, from 10,904 tonnes processed grading 0.93 carats/tonne. The results represent the second highest diamond production month since the mine's inception in 1970. The month ending September 25, 2004, was the highest diamond production month producing 11,346.99 carats. These results are particularly encouraging in light of the fact that mine production was shut down for maintenance operations during the first week of October due to the China National Holiday period. Management feels that the results of October would have exceeded September results if not for the one week shut down. China Diamond Corp. is fully engaged in underground mining of the 701 Changma Diamond Mine. Since July 2002, production has come from underground mining below the open pit. The Company has implemented a number of operational improvements that have significantly improved production, grade, and carat CARAT, weights. A carat is a weight equal to three and one-sixth grains, in diamonds, and the like. Jac. L. Dict. See Weight. recovery. The Company is currently developing a mine plan that will involve considerable capital investment to modernize the mining facility and result in additional significant increases in diamond production. "We continue to see improvements in mining production as a result of the operational improvements that where implemented during the past year." says Andrew Bradfield Andrew "Andy" Bradfield was a computer programmer from New Zealand best known for his work on games for the Atari 8-bit series of computers. He created the classic games Hawkquest and Laser Hawk. , P.Eng., the Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "The 701 Changma Diamond Mine will continue to gain in efficiency as efforts to fine-tune the facility are implemented." ABOUT CHINA DIAMOND CORP. Headquartered in London, Ontario, China Diamond Corp. (www.chinadiamondcorp.com) is a resource company engaged in mining for diamonds and the exploration and advancement of diamond and gold prospects in China. The Company trades on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol "CDC." THE TSX VENTURE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF THE CONTENTS AND HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENT OF THIS NEWS RELEASE. China Diamond Corporation (TSX VENTURE:CDC) |
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