NEW YORK, NY, Jan. 14 /CNW/ - Diamond Discoveries International Corp.
(OTCBB: DMDD), a U.S. company focusing on diamonds, precious and base metal
exploration in the Canadian province of Quebec, is pleased to announce that it
has received all results from the exploration work completed in the 2008 field
season, on their 100% owned Caribou Property near Thetford Mines. The results
have confirmed the presence of high chromium (Cr2O3) mineralization and a new
discovery of chromite referred to as the (Bil Showing).
As per the news release of November 18th /2008,six(6) samples from the
American Chrome Junior Showing returned high chromium values with composite
assays of 10.72% Cr2O3 over 5 meters and .4g/t PGE (Platinum, Palladium and
Rhodium). This composite included a 1 meter grading of 21.47% of Cr2O3 and
Diamond Discoveries undertook channel sampling (1 meter wide) on the new
Bil Showing of which five (5) samples from the new showing returned up to 9.8%
Cr2O3 over 1 meter with traces of PGE.
The pyroxenite rock, that hosts the main mineralized zone, is part of the
Thetford Mines ophiolitic complex which is well known for its chromium
potential. Following the results from the channel sampling further work will
be completed on these zones including drilling. All samples (51) from the 2008
campaign were assayed in the ALS Laboratory Group from Val d'Or, Quebec.
The technical content of this press release has been reviewed and
approved by Bertrand Brassard, P.Geo., a Qualified Person under the guidelines
of National Instrument 43-101
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.Rubensteinpr.com, (212) 843-9337; Dominic Spedaliere LL.B, Investor
Relations, Diamond Discoveries International Corp.,
www.platinumdiscoveriescorp.com, (212) 332-8016, (646) 461-1726