VANCOUVER, BRITISH COLUMBIA, June 26 /CNW/ - Iciena Ventures Inc. (TSX
VENTURE:IIE) ("Iciena" or the "Company") is pleased to announce that it
entered into an agreement to acquire a 100% interest in a 63,000-hectare claim
block north of Cuiaba, Brazil, subject to TSX Venture Exchange approval. The
acquisition of 100% interest in these claims brings Iciena's 100%-owned claim
block to 200,000 hectares (the "Brazilian Project").
The Company is also pleased to announce the results of the stream samples
from the Brazilian Project. Of the 39 samples collected, 13 samples contained
diamond indicator minerals and one sample contained a diamond. The samples
indicate that the source kimberlites have eclogitic and lherzolitic diamond
populations. The pristine angular to slightly worn surface textures of the
majority of the diamond inclusion grains testify to the proximity of the
Significantly, 14 diamond inclusion chrome diopsides were also contained
within the samples. The importance of the chrome diopsides is two-fold. First,
chrome diopsides are prone to weathering in the tropical conditions present in
the field area. Chrome diopsides do not typically persist for distances
greater than five kilometres from source. The near-pristine surface textures
of the chrome diopsides suggest a primary source far closer than five
kilometres. Second, proprietary techniques developed at C.F. Mineral Research
Ltd., where the samples were processed, indicate that 13 of the 14 chrome
diopsides have compositions consistent with those known to have grown with
Iciena also reports that additional work is progressing on the claims
under the direction of Dr. Charles Fipke. Heavy mineral samples have been
collected to follow up on previously discovered diamond indicator grains and
to provide full sample coverage of the claim block. 147 heavy mineral samples
have already arrived at C.F. Mineral Research Ltd. and their results are
expected shortly. In addition samples from 15 known kimberlite pipes located
on the property have been collected and sent to C.F. Minerals for processing.
These 100 to 300 kg samples are mostly from unsampled or insufficiently
sampled kimberlites and will be analysed for indicator minerals and diamonds.
The reader is cautioned that none of the reserves cited in this press
release are NI 43-101 compliant and the reader should not rely on the same
until such time as a NI 43-101 compliant report is prepared for the Brazilian
About Iciena Ventures Inc.
The Company is a publicly traded, junior exploration company engaged
exclusively in diamond exploration in Brazil.
Iciena Ventures Inc.
Chief Financial Officer and Director
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Iciena Ventures Inc. Chief Financial Officer
and Director Harry Lappa, 250-868-2096