New kimberlitic breccia discovered in Quebec
NEW YORK, June 16 /CNW/ - Diamond Discoveries International Corp.
(DMDD:OTCBB) is pleased to announce that the first drill hole in the summer
2008 drill program in Quebec has discovered kimberlitic breccia at
36 metres (m) (31 m vertical) beneath overburden and exited kimberlite at
70.5 m. This discovery hole is drilling at an inclination of 60 degrees. The
target is a previously untested geophysical anomaly located within Tres-Or's
Notre Dame du Nord properties in the Timiskaming region of northwestern
Further drilling will delineate this new discovery, followed immediately
by drill testing of a second similar geophysical target located approximately
five kilometres (km) to the southwest. The discovery hole, and any delineation
holes in kimberlite, will be tested for microdiamonds and indicator mineral
chemistry, with results reported when available later this summer.
Diamond Discoveries (Canada) Inc., a wholly owned subsidiary or Diamond
Discoveries International Corp., has entered into a letter of intent agreement
to earn up to a 50-per-cent interest in certain of the Notre Dame du Nord,
Quebec, properties by spending a total of $1.5-million in exploration. Tres-Or
is the project operator.
Dr. Harrison Cookenboo, PhD, PGeo, a consulting geologist and a qualified
person by the standards of National Instrument 43-101, has examined the drill
core in the field and reviewed the contents of this news release.
Dr. Cookenboo is responsible for the design and the implementation of the
About Diamond Discoveries International Corp.
Diamond Discoveries International Corp. is a U.S. exploration company
with executive offices in New York, NY and Toronto, Ontario. Since inception
through its wholly owned subsidiary Diamond Discoveries (Canada) Inc. it is
focused on diamonds, precious and base metal exploration in the province of
This news release contains discussion of items that may constitute
forward-looking statements within the meaning of securities laws that involves
risks and uncertainties. Although the company believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurances that its expectations will be achieved.
Factors that could cause actual results to differ materially from expectations
include the effects of general economic conditions, actions by government
authorities, uncertainties associated with contract negotiations, additional
financing requirements, market acceptance of the Company's products and
competitive pressures. These factors and others are more fully discussed in
company filings with U.S. securities regulatory authorities.
For further information:
For further information: Diamond Discoveries International Corp.,
Dominic Spedaliere LL.B, Investor Relations, firstname.lastname@example.org,
(212) 332-8016, (646) 461-1726