Post by Franko10 ™ on Sept 16, 2004 10:50:31 GMT -5
Diagem International Resource Corp. (“Diagem”) is pleased to announce that its broad front exploration program, started in January 2004, has confirmed the presence of a new diamondiferous gravel area, located on Property 370, in the Juina Diamond and Kimberlite Province, Mato Grosso State Brazil.
The first bulk sample for this area has recovered 3.01 carats from 11.25 cubic metres of gravels for a grade of 0.27 carats per cubic metre. This grade is on par with the Chicoria Creek Resource Block #1, on Property 213, located approximately 40 kilometres to the north-west of Property 370. The diamonds recovered include an exceptional 2.72 carat gem diamond, reported from the field as being one of the finest quality diamonds recovered from the operations in Juina since January 2003.
This discovery has confirmed the existence of a diamond bearing conglomerate formation, which is distinctly different and older than the diamondiferous alluvial flats and terrace type deposits previously identified on Properties 213 and 214.
The significance of this discovery and the ensuing bulk sampling program is that it provides the first opportunity to test the so called “basal conglomerates”, which have been identified by regional geological mapping performed earlier this year and which lie at the base of covering Cretaceous sands. These basal conglomerates were found to be extensive and widespread throughout the region, and it is of particular interest that they are often diamondiferous when they are in proximity to historically rich alluvial deposits, suggesting they may indeed be the immediate source of such deposits.
The bulk sampling program will test the degree to which these conglomerates and their overlying gravels are diamond bearing. Delineation of the conglomerates in this area is presently underway and the processing of a succession of bulk samples, each of approximately 10 cubic metres, will follow.
Exploration for economic diamondiferous kimberlite in various parts of Brazil, including Juina, has long been frustrated by the inability of prospectors to link directly the rich secondary alluvial deposits with their primary kimberlite sources. If these conglomerates can be shown to be extensively diamondiferous, they may well represent an intermediary type of deposit forming the bridge between modern alluvial gravel deposits and more ancient pre-cretaceous primary kimberlite sources. If such is the case, the conglomerates may reveal a methodology for identifying the location of previously undiscovered primary kimberlite sources.
The technical content of this news release has been approved by Dr. Mousseau Tremblay, of Williamstown, Ontario, a Qualified Person, President, CEO and Director of Diagem International Resource Corp.
For and on behalf of
DIAGEM International Resource Corp.
"Dr. Mousseau Tremblay"
President
The first bulk sample for this area has recovered 3.01 carats from 11.25 cubic metres of gravels for a grade of 0.27 carats per cubic metre. This grade is on par with the Chicoria Creek Resource Block #1, on Property 213, located approximately 40 kilometres to the north-west of Property 370. The diamonds recovered include an exceptional 2.72 carat gem diamond, reported from the field as being one of the finest quality diamonds recovered from the operations in Juina since January 2003.
This discovery has confirmed the existence of a diamond bearing conglomerate formation, which is distinctly different and older than the diamondiferous alluvial flats and terrace type deposits previously identified on Properties 213 and 214.
The significance of this discovery and the ensuing bulk sampling program is that it provides the first opportunity to test the so called “basal conglomerates”, which have been identified by regional geological mapping performed earlier this year and which lie at the base of covering Cretaceous sands. These basal conglomerates were found to be extensive and widespread throughout the region, and it is of particular interest that they are often diamondiferous when they are in proximity to historically rich alluvial deposits, suggesting they may indeed be the immediate source of such deposits.
The bulk sampling program will test the degree to which these conglomerates and their overlying gravels are diamond bearing. Delineation of the conglomerates in this area is presently underway and the processing of a succession of bulk samples, each of approximately 10 cubic metres, will follow.
Exploration for economic diamondiferous kimberlite in various parts of Brazil, including Juina, has long been frustrated by the inability of prospectors to link directly the rich secondary alluvial deposits with their primary kimberlite sources. If these conglomerates can be shown to be extensively diamondiferous, they may well represent an intermediary type of deposit forming the bridge between modern alluvial gravel deposits and more ancient pre-cretaceous primary kimberlite sources. If such is the case, the conglomerates may reveal a methodology for identifying the location of previously undiscovered primary kimberlite sources.
The technical content of this news release has been approved by Dr. Mousseau Tremblay, of Williamstown, Ontario, a Qualified Person, President, CEO and Director of Diagem International Resource Corp.
For and on behalf of
DIAGEM International Resource Corp.
"Dr. Mousseau Tremblay"
President