Trading Symbol: TSX-V:RGZ
TORONTO, Feb. 25 /CNW/ - Randsburg International Gold Corporation
(TSX-V:RGZ) announced today that it has commenced a bulk sampling program on
its Victory Strike diamond project.
As reported in its news release of November 13, 2007 (see www.sedar.com
for copies of the Company's news releases), the Company has been engaged in an
evaluation of possible extensions of the historic alluvial and placer
operations on the southern portion of the property. As well, the Company has
continued to search for the kimberlite source of the diamonds on the property.
The initial bulk sampling program will focus on three areas:
1. Kimberlites A38, A39, A40, A34 and A74. The Company's geologists
believe that the source of the diamonds and kimberlite indicator minerals
being found on the western side of the Vai-Vem River in the quartz-rich
garimpeiro gravels may be related to kimberlites A38, A39, and A40 and the
source of the diamonds on the east side of this river may be related to
kimberlites A34 and A74. Such a scenario would provide an explanation for the
absence of other mined diamondiferous gravels elsewhere on the Vai-Vem River.
However, the source for all of the diamonds found in the gravels could be one
or more of any of the above mentioned kimberlites. Kimberlites are the most
important source of primary diamonds in the world. Many kimberlite pipes also
produce rich alluvial or eluvial diamonds placer deposits.
2. Areas adjacent to the garimpeiro gravels that occur along either side
of the Vai-Vem River.
3. The paleo-channel, an old river channel, present within the buried and
untested extension of one of the garimpeiro gravels as delineated by ground
The Company plans to evaluate the economic potential of these buried
The bulk sampling program is expected to be completed by the fall of
Randsburg's Brazilian subsidiary, DIADEM MINERACAO LTDA, has a 100%
interest in the exploration permits that cover the prospective area of
526.6 square kilometres (130,124 acres). Randsburg owns 85% of the subsidiary.
The concessions extend to within 150 metres of the famous diamond producing
area of the Verissimo River from which diamonds have been recovered for more
than 100 years including the famous Goias diamond, discovered in 1906 and
weighing 600 carats.
The work is being conducted under the direction of the Company's Chief
Geologist, Dr. Ken Germundson, P. Geo and Company Director Bill Jarvis, who is
overseeing the Company's Victory Strike diamond exploration project in Brazil.
Mr. Jarvis has 30 years of diamond exploration experience.
Dr. Ken Germundson, P. Geo., is the Company's Qualified Person under the
meaning of National Instrument 43-101 for the Victory Strike Project. Dr.
Germundson has reviewed this news release and approved its contents.
ABOUT RANDSBURG INTERNATIONAL GOLD CORPORATION:
Randsburg International Gold Corporation is a Canadian exploration
company listed on the TSX Venture Exchange (Symbol TSX-V:RGZ). The Company is
engaged in exploring for diamonds, titanium, iron, precious and base metals,
and platinum group metals (PGMs) in Brazil, Canada and Idaho. The Company has
two active exploration projects and one new joint venture property.
1. Victory Strike diamond project in Brazil - 85% owned
2. Titan Project (iron-titanium-vanadium) in Northern Ontario - 100%
3. Empire Mine property in Idaho - a 50% owned Joint Venture
On behalf of the Board of Directors of
Randsburg International Gold Corp.
President and Chief Executive Officer
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Copyright, 2008 Randsburg International Gold Corporation. This news
release can be reproduced and retransmitted in whole, with no changes
permitted of any kind, including headlines, or the addition of any headlines
or other material, and providing it is supplied and made available without
charge to the end reader.
For further information:
For further information: Michael Opara, President and Chief Executive
Officer, eMail: email@example.com, Website: