NEW YORK, Sept. 11 /CNW/ - Diamond Discoveries International Corp. (OTC
BB:DMDD) a U.S. company focusing on diamonds, precious and base metal
exploration in the province of Quebec, is pleased to announce that its wholly
owned subsidiary, Platinum Discoveries Corp, has commenced evaluation of its
100% owned Caribou project in the Thetford Mines area of Southern Quebec.
Sampling of the eleven (11) showings that are present on the Caribou Property
(Montréal Mine, Caribou Mine, American Chrome Deposit, American Chrome Jr.,
Finneth, César, Dumais, Vaillancourt, Gagné, Greenshields and
Lambly-Nadeau/Victoria Mines) have begun and will be sent to ALS Laboratory
Group for assay testing. These showings have shown potential for chromium,
nickel and platinum mineralizations. A heliborne geophysical survey is also
planned, that in addition to the surface sampling will assist in prioritizing
In addition to exploration work carried on by DMDD, Auger Resources
Limited, a private Canadian company controlled by Forbes & Manhattan Inc., has
begun a major drill program on its historical chromium deposits of Reed
Belanger and Hall which are adjacent to DMDD's Caribou property.
"We are extremely excited to be in such an enviable situation," said
Antonio Sciacca, CEO of DMDD. "Not only are we optimistic by the prospects of
the 11 known chromium showings on our Caribou property, but we believe that
the drill program on the adjacent property validates our business plan without
our company having to use significant capital in phase 1 of our exploration
program." DMDD also has a field office in Thetford Mines that is managed by
consulting geologist Bertrand Brassard, P.Geo.
Mr. Bertrand Brassard, P.Geo., M.Sc., Technical Advisor, a Qualified
Person as defined by National Instrument 43-101, supervised the preparation of
the technical information in this news release.
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 has
been focused on diamonds, gold and base metal exploration. In June of 2008
Platinum Discoveries Corp (www.platinumdiscoveriescorp.com) also a wholly
owned subsidiary of DMDD, received a NI 43-101 technical report on its Caribou
Property, Thetford Mines, Quebec.
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.
Senior Vice President
Rubenstein Investor Relations, Inc.
Dominic Spedaliere LL.B
Diamond Discoveries International Corp.
For further information:
For further information: Tim Clemensen, Senior Vice President,
Rubenstein Investor Relations Inc., firstname.lastname@example.org,
www.rubensteinir.com/Brochure/IRBrochure.pdf, (212) 843-9337; Dominic
Spedaliere LL.B, Investor Relations, Diamond Discoveries International Corp.,
www.platinumdiscoveriescorp.com, (212) 332-8016, (646) 461-1726