Post by Franko10 ™ on Sept 16, 2004 8:02:55 GMT -5
DIAGEM INTERNATIONAL RESOURCE CORP. ("Diagem") is pleased to announce that KWG Resources Inc. ("KWG"), in which it holds a 39.4% interest, and KWG's joint venture partner, Spider Resources Inc. ("Spider"), report the completion of a follow-up exploration program on the jointly held Wawa diamond property, located approximately 30 kilometers north of Wawa, Ontario along the Trans-Canada Highway #17. Fifteen selected samples have yielded 196 diamonds, 26 of which are classified as macro diamonds, including one 15 kilogram sample that yielded 39 diamonds including 2 macro diamonds.
The field portion of a six-week exploration program, as funded by KWG, has recently been completed and consisted of the following: reconnaissance sampling, surface trenching, geological mapping/sampling, followed by mini-bulk sampling. On the 45 square kilometer property, a total of sixty prospecting-grab samples were taken from three main high-potential areas. These samples were sent for caustic dissolution diamond analysis at the Kennecott Exploration Laboratory in Thunder Bay, Ontario. Eight of the regional samples were prioritized as a guide for the location of the mini-bulk sample sites. These eight samples were coarse crushed and thoroughly mixed, a 15 kilogram representative of each sample was subjected to caustic fusion; six of the samples contained diamonds, one sample yielded 39 diamonds, two of the diamonds being greater than 0.5 mm in one dimension. The following table summarizes the results of the first 8 of 60 regional samples collected in the recent program:
SAMPLE INITIAL
BURN WT (KG) NUMBER OF
DIAMONDS >0.5MM
2002-MEN-137 15 8 2
2002-LAL-138 15 0 0
2002-LAL-139 15 9 0
2002-LAL-140 15 2 1
2002-LAL-142 15 1 0
2002-LAL-143 15 0 0
2002-LAL-144 15 39 2
2002-LAL-148 15 1 1
All newly stripped areas and sample locations have been geologically mapped, at a local scale. Independent geological consultant Edward Walker (Ph.D.) recently visited the KWG/Spider property and confirms that "Based on field examinations completed during the recent orientation and prospecting tour, the "corridors" of diamond-bearing volcanic deposits extend from adjacent properties onto the Wawa Property of KWG/Spider Resources." Furthermore, four mini-bulk samples weighing approximately 2.5 tonnes each have been selected from freshly stripped surface outcrops and have been delivered to Lakefield Research Ltd. for macro and commercial size diamond recovery.
Additional analysis has been undertaken at the Kennecott Laboratory on the regional prospecting samples from the 2001 exploration program that was reported, by KWG and Spider, on March 13, 2002. The initial reported results were based upon a uniform sample weight of 15 kilograms; however there was additional untested material from the original sample weight that remained at the lab and was reserved for further work. This saved material was subjected to additional caustic fusion for all those samples that contained at least one macro diamond (one dimension > 0.5mm). The following table summarizes the results of this additional work analysis:
SAMPLE INITIAL
BURN WT. #
DIAMONDS 2ND BURN
WT. #
DIAMONDS TOTAL
BURN WT. TOTAL
DIAMONDS >0.5MM
Lal-12-2001 15 13 12.0 17 27.0 30 2
Lal-17-2001 15 9 5.5 3 20.5 12 3
Lal-18-2001 15 6 28.3 7 43.3 13 4
Lal-19-2001 15 7 20.8 8 35.8 15 2
Lal-21-2001 15 6 12.5 14 27.5 20 3
Lal-22-2001 15 4 13.4 4 28.4 8 1
Men-1-2001 15 9 31.7 19 46.7 28 5
All samples reported herein were collected under the direct auspices of an independent qualified person ("IQP"), James Burns P.Eng., of Timmins, Ontario. Samples were sealed and shipped to the respective laboratories under chain of custody documentation. KWG maintained strict security on all samples until they were delivered to the bonded transport company.
In addition to the Wawa project, KWG and Spider are involved in a multi-year joint venture with De Beers Canada Exploration Inc. in the Spider #3 area of northern Ontario, and are involved in a joint venture together in the Spider #1 area of northern Ontario where they have discovered 7 diamond bearing kimberlites, that are in various stages of exploration.
Diagem has 130,802,023 common shares issued and outstanding. Diagem trades on the TSX Venture Exchange under the symbol "DGM".
For and on behalf of
DIAGEM International Resource Corp.
"David Cohen"
President
The field portion of a six-week exploration program, as funded by KWG, has recently been completed and consisted of the following: reconnaissance sampling, surface trenching, geological mapping/sampling, followed by mini-bulk sampling. On the 45 square kilometer property, a total of sixty prospecting-grab samples were taken from three main high-potential areas. These samples were sent for caustic dissolution diamond analysis at the Kennecott Exploration Laboratory in Thunder Bay, Ontario. Eight of the regional samples were prioritized as a guide for the location of the mini-bulk sample sites. These eight samples were coarse crushed and thoroughly mixed, a 15 kilogram representative of each sample was subjected to caustic fusion; six of the samples contained diamonds, one sample yielded 39 diamonds, two of the diamonds being greater than 0.5 mm in one dimension. The following table summarizes the results of the first 8 of 60 regional samples collected in the recent program:
SAMPLE INITIAL
BURN WT (KG) NUMBER OF
DIAMONDS >0.5MM
2002-MEN-137 15 8 2
2002-LAL-138 15 0 0
2002-LAL-139 15 9 0
2002-LAL-140 15 2 1
2002-LAL-142 15 1 0
2002-LAL-143 15 0 0
2002-LAL-144 15 39 2
2002-LAL-148 15 1 1
All newly stripped areas and sample locations have been geologically mapped, at a local scale. Independent geological consultant Edward Walker (Ph.D.) recently visited the KWG/Spider property and confirms that "Based on field examinations completed during the recent orientation and prospecting tour, the "corridors" of diamond-bearing volcanic deposits extend from adjacent properties onto the Wawa Property of KWG/Spider Resources." Furthermore, four mini-bulk samples weighing approximately 2.5 tonnes each have been selected from freshly stripped surface outcrops and have been delivered to Lakefield Research Ltd. for macro and commercial size diamond recovery.
Additional analysis has been undertaken at the Kennecott Laboratory on the regional prospecting samples from the 2001 exploration program that was reported, by KWG and Spider, on March 13, 2002. The initial reported results were based upon a uniform sample weight of 15 kilograms; however there was additional untested material from the original sample weight that remained at the lab and was reserved for further work. This saved material was subjected to additional caustic fusion for all those samples that contained at least one macro diamond (one dimension > 0.5mm). The following table summarizes the results of this additional work analysis:
SAMPLE INITIAL
BURN WT. #
DIAMONDS 2ND BURN
WT. #
DIAMONDS TOTAL
BURN WT. TOTAL
DIAMONDS >0.5MM
Lal-12-2001 15 13 12.0 17 27.0 30 2
Lal-17-2001 15 9 5.5 3 20.5 12 3
Lal-18-2001 15 6 28.3 7 43.3 13 4
Lal-19-2001 15 7 20.8 8 35.8 15 2
Lal-21-2001 15 6 12.5 14 27.5 20 3
Lal-22-2001 15 4 13.4 4 28.4 8 1
Men-1-2001 15 9 31.7 19 46.7 28 5
All samples reported herein were collected under the direct auspices of an independent qualified person ("IQP"), James Burns P.Eng., of Timmins, Ontario. Samples were sealed and shipped to the respective laboratories under chain of custody documentation. KWG maintained strict security on all samples until they were delivered to the bonded transport company.
In addition to the Wawa project, KWG and Spider are involved in a multi-year joint venture with De Beers Canada Exploration Inc. in the Spider #3 area of northern Ontario, and are involved in a joint venture together in the Spider #1 area of northern Ontario where they have discovered 7 diamond bearing kimberlites, that are in various stages of exploration.
Diagem has 130,802,023 common shares issued and outstanding. Diagem trades on the TSX Venture Exchange under the symbol "DGM".
For and on behalf of
DIAGEM International Resource Corp.
"David Cohen"
President