Jericho processes first diamonds

The Tahera Diamond Corp.’s Jericho mine used its newly constructed on-site diamond processing plant to produce its first batch of diamonds late last month.

In a press release issued this week, Tahera said workers are now moving the mine rapidly forwards towards full production by the end of March. They achieved “substantial completion” of the mine this past December, well ahead of schedule.

Right now, they’re not able to say how many carats of diamonds have been produced and how much money they’re worth. That’s because they have to wait until they conclude their first sale.

But the company says they will provide information on production results and revenue figures in their first-quarter financial report, due in May.

Their winter road, which they’ll used to ship 450 truck-loads of material to Jericho, is expected to be ready for use later this month.

Meanwhile, Tahera has started evaluating the nearby Muskox kimberlite pipe, which they believe may contain two-and-a-half times more diamonds than the Jericho pipe.