TORONTO and JOHANNESBURG, Oct. 15 /CNW/ - BRC DiamondCore Ltd. (the "Company") (TSX: BCD, JSE: BCD) provides the following update on developments with respect to an option agreement affecting its Tshikapa kimberlite project in the Kasai-Occidental province of the Democratic Republic of the Congo (the "DRC").
The Company has via option agreements 12 Exploration Permits ("PRs") in the Tshikapa region of southern DRC and these continue to hold promise for the Company as more fully described in the Company's NI 43-101 report, entitled "National Instrument 43-101 Technical Report on the Tshikapa Project of BRC DiamondCore Ltd. in the Democratic Republic of Congo" and dated March 31, 2009. Six of these twelve PRs at the project are held through an option agreement with ACACIA sprl, which has advised the Company of its wish to modify the option agreement. The Company continues its discussions with ACACIA sprl and is optimistic of reaching an agreement that is satisfactory to both parties.
BRC DiamondCore Ltd. is an African-focused diamond explorer. Led by a management team with extensive experience in diamond exploration and mine development, 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.
SOURCE BRC DiamondCore Ltd.
For further information: For further information: please visit our website, www.brc-diamondcore.com, or contact: In Johannesburg: Brian Scallan, Vice President, Finance, +27 11 958 2885; In Toronto: Martin Jones, Vice President, Corporate Development, (416) 366-2221 or 1-800-714-7938