"RECENT SAMPLING HAS CONFIRMED THE POSSIBILITY OF FINDING ECONOMIC GRADES
OF PLATINUM AND PALLADIUM"
NEW YORK, June 25 /CNW/ - Diamond Discoveries International Corp.
(DMDD:OTCBB) is very pleased to announce that they have received from
GEOLOGICA Groupe - Conseil Inc. ("Geologica") a NI 43-101 Technical Report on
their 100% owned Caribou property authored by Alain-Jean Beauregard, P.Geo.,
OGQ, FGAC and Daniel Gaudreault, P. Eng., OIQ, AEMQ, Thetford-Mines area in
the province of Quebec Canada.
Eleven (11) deposits and showings are present on the Caribou property
(Montreal Mine, Caribou Mine, American Chrome Deposit, American Chrome Jr.,
Finneth, Cesar, Dumais, Vaillancourt, Gagne, Greenshields and
Lambly-Nadeau/Victoria Mines). As stated in the report from Geologica, these
deposits and showings show good potential for chromium, nickel and platinum
More than eleven (11) known chromite deposits and showings on DMDD's
property were recognized and defined. The report indicates that the results of
the past work are very interesting and significant for DMDD since they not
only confirm the presence of platinum and palladium on the Caribou property,
but also seem to show that PGE mineralization is preferentially associated
with the contact between ultramafic and mafic units of the Thetford Mines
Ophiolitic Complex. More than 10 Km of favorable contact is present on the
Property. Large-scale mapping of this metalotect led to identifying new PGE
Moreover, recent sampling on the Starchrome property immediately south of
the Caribou property, has confirmed the possibility of finding economic grades
of platinum and palladium. In fact, a grab sample (sample SC-1) has revealed
15.93 g/t Pt-Pd and .427 ppm Rh. Previously, a channel sampling carried out by
Allican had revealed a total platinum-palladium values of 2.61 g/t, and
3.83 g/t and 4.66 g/t over widths of 4.7m.
Geologica recommends that an exploration program be undertaken on the
Caribou property. Geologica states that the character of the property is of
sufficient merit to justify the recommended program. The recommended
exploration program is divided into two (2) phases where the second phase is
conditional to the success of the first phase. The estimated combined budget
for phase 1 and 2 is approximately two million dollars.
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 it's 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