Post by Franko10 ™ on Sept 16, 2004 8:03:46 GMT -5
Diagem International Resources Corp. (the “Company” or “Diagem”) and its partner Juina Mining Corp. (“JMC”) are pleased to announce the confirmation of the ARP-1 kimberlite was intersected by shallow sonic drilling on their 100% (Diagem 51%, Juina 49%) held Juina Joint Venture Property 1000, Mato Grosso, Brazil. The hole was drilled 50 meters up slope from where Diagem retrieved 89 diamonds(April 30, 2002 press release) weighing 33.8 carats from a 15 cubic meter sample of alluvial gravel; this represents a grade of 2 carats per cubic meter. Former operator Juina Mining Corporation also tested the same site in 1997 where a grade of 3.08 carats per cubic meter was obtained from 192 cubic meters of gravel from which 599 carats of diamonds were recovered.
From old DeBeers trenches and pits (1978) the ARP-1 kimberlite is reported to be some 300 meters in diameter. This first sonic drill hole by Diagem was completed to a depth of 15 meters and kimberlite was confirmed by geologist Paulo Andreazza (formerly Exploration Manager for Rio Tinto, Brazil). Diagem will now continue its sonic drilling program to delineate this recently confirmed kimberlite pipe. Furthermore, Diagem has a 15 cubic meter per hour operational diamond wash plant on the property, equipped with an X-ray Sortex, enabling the company to quickly process bulk samples from the kimberlite.
For and on behalf of:
DIAGEM International Resource Corp.
"David Cohen"
President
From old DeBeers trenches and pits (1978) the ARP-1 kimberlite is reported to be some 300 meters in diameter. This first sonic drill hole by Diagem was completed to a depth of 15 meters and kimberlite was confirmed by geologist Paulo Andreazza (formerly Exploration Manager for Rio Tinto, Brazil). Diagem will now continue its sonic drilling program to delineate this recently confirmed kimberlite pipe. Furthermore, Diagem has a 15 cubic meter per hour operational diamond wash plant on the property, equipped with an X-ray Sortex, enabling the company to quickly process bulk samples from the kimberlite.
For and on behalf of:
DIAGEM International Resource Corp.
"David Cohen"
President