BRC DiamondCore sixth open tender of 1,351.13 carats realises US$1,365,736

    First production from third trial mining project, De Kalk

    TSX: BCD
    JSE: BCD

    TORONTO and JOHANNESBURG, South Africa, Sept. 4 /CNW/ - BRC DiamondCore
Ltd. (the "Company") (TSX - BCD; JSE - BCD) is pleased to announce that
diamonds totaling 1,351.13 carats from the Company's Silverstreams alluvial,
De Kalk alluvial and Paardeberg East kimberlite trial mining projects in South
Africa's Northern Cape Province were sold at the Company's sixth tender and
realised US$1,365,736.
    This compares with US$992,555 realised from the sale of stones totalling
959.46 carats from the Silverstreams and Paardeberg East projects at the
Company's previous tender.
    The latest tender includes, for the first time, stones produced from the
Company's De Kalk alluvial trial mining project. De Kalk is the site of the
discovery of the first diamond in South Africa, the 24-carat Eureka, in 1866.


    Silverstreams alluvial

    -   424.66 carats sold - up 50% on previous tender
    -   Average price of US$2,090 per carat achieved
    -   61.21 carat white irregular dodecahedron sold for US$6,836 per carat.
    -   37.30 carat commercial white octahedron sold for US$4,694 per carat.

    Paardeberg East kimberlite

    -   906.98 carats sold - up 34% on previous tender
    -   average price of US$418 per carat achieved - up 12% on previous
    -   16.35 carat white irregular shape sold for US$12,842 per carat

    De Kalk alluvial

    -   19.49 carats sold at average price of US$5,079 per carat
    -   8.81 carat intense fancy yellow dodecahedron sold for US$11,063 per

    Company President Dr. Mike de Wit commented: "We are very pleased to have
sold more carats and to have increased turnover at a time when the diamond
market has softened somewhat, due both to an expected correction from the very
high price levels enjoyed earlier in the year and to cyclical factors such as
the European holidays.
    "We have achieved good prices for the special stones sold in the latest
tender, and are particularly encouraged by the sale for US$11,063 per carat of
the 8.81 carat intense fancy yellow dodecahedron recovered at our new De Kalk
trial mining project."
    The diamond analysis data, including independent diamond valuations and
prices received on the open tender conducted by the Company, are being used to
underpin the economic metrics of the Silverstreams and Paardeberg East
    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 all three sites. The tender was
overseen by Mr. Ferraris and an additional independent diamond consultant to
the Company, Mr. Maurice Barker.

                           TOTAL              AVG. SIZE   TOTAL   AVG. VALUE
                          WEIGHT    STONES  (CARATS PER   VALUE    (US$ PER
    SITE                 (CARATS)  (NUMBER)    STONE)     (US$)      CARAT)
    SILVERSTREAMS         424.66      187       2.27     887,587     2,090

    Silverstreams 'special stones' (+10.8 carats in size) totaled
124.97 carats (comprising 29% by weight) and achieved a value of US$655,896
(comprising 74% by value).
    Besides the 61.21 and the 37.30 carat stones referred to under
"Highlights" above, the Silverstreams 'special stones' included a 13.39 carat
white octahedron, which sold for US$2,416 per carat, and a 13.08 carat
commercial white octahedron, which sold for US$2,301 per carat.
    Other high value stones from Silverstreams were a 10.02 carat light fancy
yellow dodecahedron, which sold for US$2,370 per carat, a 9.79 fancy yellow
dodecahedron, which sold for US$4,329 per carat, an 8.84 carat white
dodecahedron, which sold for US$2,295 per carat, and a 3.47 carat white
irregular dodecahedron, which sold for US$2,718 per carat.
    The diamond analysis of the product from various trenches on the
Silverstreams bulk sampling site was undertaken by the independent consultants
on an ongoing basis during 2008. The sample size comprised 187 stones and the
size frequency distribution of the diamond population recovered from the
various sampling trenches indicated a plot typical of a Middle Orange River
deposit. Such deposits tend to be characterized by the recovery of large
    Specifically, the current size frequency distribution of Silverstreams is
plotting to the right of the consolidated graph of the deposit. If production
remains in the same geological area there is a high probability of more coarse
diamonds of plus 50 carats being found. This opinion is also supported by the
current discovery of the 61.21 carat diamond sold in this tender.

                           TOTAL             AVG. SIZE    TOTAL   AVG. VALUE
                          WEIGHT    STONES  (CARATS PER   VALUE    (US$ PER
    SITE                 (CARATS)  (NUMBER)    STONE)     (US$)      CARAT)
     - PK5                906.98    2,659       0.34     379,185       418

    Paardeberg East PK5 "special stones" (+10.8 carats in size) totaled
58.89 carats (comprising 6% by weight) and achieved a value of US$236,817
(comprising 62% by value).
    Besides the 16.35 carat stone referred to under "Highlights" above, these
included a 30.28 carat industrial, a 12.26 carat commercial white
dodecahedron, which sold for US$2,120 per carat, and a 9.19 carat commercial
white dodecahedron, which sold for US$2,176 per carat.
    The PK5 kimberlite body size frequency distribution plotted for samples
in this tender is similar to that plotted for samples in the previous tender,
indicating the consistency of the mineralisation of the ore body.
    The quality of diamonds produced from the PK5 samples continues to be of
high gem content, as indicated by the high average value of US$418 per carat
    The ongoing analysis of the diamonds from the various PK5 samples,
representing distinct kimberlite facies, continues to be undertaken by
independent consultants.
    The size frequency distribution specifically for the PK5 sample is
plotting to the right, or in the coarser fraction of the consolidated graph of
the PK5 deposit. This is supported by the discovery of the 30.28 carat
industrial diamond.

                           TOTAL             AVG. SIZE    TOTAL   AVG. VALUE
                          WEIGHT    STONES  (CARATS PER   VALUE    (US$ PER
    SITE                 (CARATS)  (NUMBER)    STONE)     (US$)      CARAT)
    DE KALK                19.49       12       1.62      98,964     5,079

    While the De Kalk sample was small, it contained a 8.81 carat intense
fancy yellow dodecahedron that sold for US$11,063 per carat. This added weight
to the run of mine average price of US$5,079 per carat.

    Kimberley Process: Chain of Custody and Diamond Control

    Mr. Ferraris, working in conjunction with Company security officials, was
mandated to design and develop a chain of custody process and an effective
diamond control process for Company diamond production. These processes have
been constructed to comply with international best practices and the
requirements of the Kimberley Process. Mr. Ferraris is responsible for
auditing these processes as well as for providing technical expertise with
respect to the diamond product. Mr. Ferraris has 30 years' experience in the
rough diamond industry, including working for both De Beers and RTZ.

    Qualified Person

    Dr. Mike de Wit, President of the Company, is the "qualified person" (as
such term is defined in National Instrument 43-101) who supervised the
preparation of and is responsible for the technical information in this press
    Additional information with respect to the Paardeberg East, Silverstreams
and De Kalk projects is contained in the technical report prepared by Venmyn
Rand (Pty) Limited, dated July 31, 2007 and entitled "National Instrument
43-101 Technical Report Prepared on the Mineral Assets of Diamond Core
Resources Limited in the Northern Cape and Free State Provinces, South
Africa." A copy of this report can be obtained from SEDAR at

    BRC DiamondCore Ltd. is an African-focused diamond explorer active in
South Africa and the Democratic Republic of the Congo (the "DRC"). Led by a
management team with extensive experience in diamond exploration and mine
development, the Company has a broad spectrum of projects ranging from
advanced stage trial mining operations through grass-roots exploration. The
Company's projects comprise both prospective alluvial gravels and primary
kimberlite targets. The Company works in a systematic and responsible manner
to discover, assess and develop diamond resources for the benefit of its
shareholders and local stakeholders.

    Note to editors: Photographs of the special diamonds mentioned in this
press release, as well as additional diamonds recovered at Paardeberg East and
Silverstreams, can be viewed in the photo gallery section of the Company's
website, later today.

    Forward-Looking Statements: This press release contains forward-looking
statements. All statements, other than statements of historical fact, that
address activities, events or developments that the Company believes, expects
or anticipates will or may occur in the future (including, without limitation,
statements relating to diamond prices, future diamond recoveries and sales,
future production, exploration results, potential mineralization and the
Company's plans with respect to the exploration and development of its
properties) are forward-looking statements. These forward-looking statements
reflect the current expectations or beliefs of the Company based on
information currently available to the Company. Forward-looking statements are
subject to a number of risks and uncertainties that may cause the actual
results of the Company to differ materially from those discussed in the
forward-looking statements, and even if such actual results are realized or
substantially realized, there can be no assurance that they will have the
expected consequences to, or effects on the Company. Factors that could cause
actual results or events to differ materially from current expectations
include, among other things, the possibility that future exploration results
will not be consistent with the Company's expectations, changes in equity
markets, changes in diamond markets, foreign currency fluctuations, inflation,
political developments in South Africa or the DRC, changes to regulations
affecting the Company's activities, uncertainties relating to the availability
and costs of financing needed in the future, delays in obtaining or failure to
obtain required project approvals, the uncertainties involved in interpreting
geological data and the other risks involved in the diamond exploration
business. Any forward-looking statement speaks only as of the date on which it
is made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or results or
otherwise. Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking statements are not
guarantees of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.

For further information:

For further information: please visit our website,, or contact: In Toronto: Martin D. Jones, Vice
President, Corporate Development, (416) 366-2221 or 1-800-714-7938; In
Johannesburg: James Duncan, Russell and Associates, +27 11 880-3924

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