Post by Zoinkers on Jun 29, 2006 15:14:54 GMT -5
Press Release Source: Diagem Inc.
Diagem: Initial Use of Sortex Doubles Grades of Eluvial Gravel Concentrates as Compared with that Obtained Previously by Hand Sorting
Tuesday June 20, 10:43 am ET
MONTREAL, QUEBEC--(CCNMatthews - June 20, 2006) - Diagem (TSX VENTURE:DGM - News) is pleased to report that it has successfully completed the first phase of the installation of its electronic diamond sorting facility (Sortex). Diagem has now begun treating eluvial gravel concentrates by Sortex which previously had been sorted by hand. The concentrates originate from eluvial gravels that overlie the 16 hectare Collier-04 kimberlite pipe. At this stage of its installation, the Sortex has a throughput of approximately 1000 litres of concentrates per day. The latter represents the concentrates from one to two 15-30 cu.m. size bulk samples. Once the Sortex facility is fully commissioned by the end of July, it is expected that the capacity of the facility will increase four-fold.
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Grade results obtained from the previous hand sorting practice as applied to about one-half of the concentrates extracted from 40 eluvial gravel bulk samples have revealed an average grade of 0.25 ct/cu.m. See Press release of February 14, 2006. The other half of the concentrates, plus rejects from the above operation, originating from 15 samples were treated by Sortex; the average grade is increased by 176% over that obtained by hand sorting (see Table 1 below). It must be noted that diamonds smaller than 1.7mm in size have not been included in the new grade calculations. These results significantly enhance the potential for the economic recovery of diamonds from some of the eluvial deposits that overlie the Collier-04 pipe. Approximately one month will be required to process the accumulated remainder of the eluvial gravel samples through the Sortex plant. Eluvial gravel sampling is being continued (see Table 2 in Appendix 1). Preliminary bulk sample grade contours for the eluvial bulk samples, prior to the Sortex processing, are illustrated on the map in appendix 2.
See Table 1: Comparison of Collier-04 bulk sample results from eluvial gravels (hand sorting versus Sortex processing) at the following address www.ccnmatthews.com/docs/dgma1.doc
Three bulk samples of soil material overlying the eluvial gravels were also processed and found to be diamondiferous (see Table 3 in Appendix 1). A 6.13 carat diamond was recovered from one of these samples. Although very few soils samples were collected, the initial grade results are higher than expected and warrant more bulk testing to determine if the soil cover can also be economically processed. If this were to happen, one could envisage eliminating the stripping of waste material. Appendix 1 is a complete table of all the bulk samples taken at Collier-04. The final grade results and the average value per carat of the diamonds are yet to be determined.
The Company is continuing to delineate alluvial and terrace gravel deposits upstream and downstream from Collier-04 pipe in order to prepare an alluvial area for bulk sampling.
The Company has started the task of bulk sampling the weathered portion of the Collier-04 kimberlite pipe proper.
The interim reports on Properties 263 and 264 (formally referred to as Properties 011 and 012, respectively) have been filed with the National Department of Mineral Production ("DNPM"). These were due upon completion of the first three-year term of these exploration licenses. Progress has also been made on the Company's Broad Front Exploration Program with preliminary evaluation work being done on potential alluvial deposits. Delineation of the gravel deposits on Property 370/96 is progressing and several sectors are prepared for bulk sampling stage. The Company will file a final exploration report on this property before the end of the calendar year.
The DNPM has also informed the Company that they have approved the final exploration reports previously filed on Properties 108 and 1000, the latter of which is being held by a joint venture in which Diagem has an interest. Property 1000 is also subject to an embargo placed on it by the Federal Agency of the Environment ("IBAMA") since November 10, 2003. The Company is required to complete an environmental impact study and submit a mining plan within the next twelve months before being granted a mining concession on these properties.
WARNING: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.
The technical content of this news release has been approved by Dr. Mousseau Tremblay, of Williamstown, Ontario, a Qualified Person and Chairman of the Board of Directors of Diagem Inc.
Table 2: "Eluvial Bulk Samples", Table 3: "Soil Bulk Samples" and a map of "Collier-04 Kimberlite Pipe" are available at the following address: www.ccnmatthews.com/docs/dgma2.doc
Contact:
Paul Einarson
Diagem Inc.
C.F.O.
(514) 866-6001 ext. 251
peinarson@diagem.com
Denis Francoeur
Diagem Inc.
C.E.O.
(514) 866-6001 or (905) 845-1249
dfrancoeur@diagem.com
--------------------------------------------------------------------------------
Source: Diagem Inc.
Diagem: Initial Use of Sortex Doubles Grades of Eluvial Gravel Concentrates as Compared with that Obtained Previously by Hand Sorting
Tuesday June 20, 10:43 am ET
MONTREAL, QUEBEC--(CCNMatthews - June 20, 2006) - Diagem (TSX VENTURE:DGM - News) is pleased to report that it has successfully completed the first phase of the installation of its electronic diamond sorting facility (Sortex). Diagem has now begun treating eluvial gravel concentrates by Sortex which previously had been sorted by hand. The concentrates originate from eluvial gravels that overlie the 16 hectare Collier-04 kimberlite pipe. At this stage of its installation, the Sortex has a throughput of approximately 1000 litres of concentrates per day. The latter represents the concentrates from one to two 15-30 cu.m. size bulk samples. Once the Sortex facility is fully commissioned by the end of July, it is expected that the capacity of the facility will increase four-fold.
ADVERTISEMENT
Grade results obtained from the previous hand sorting practice as applied to about one-half of the concentrates extracted from 40 eluvial gravel bulk samples have revealed an average grade of 0.25 ct/cu.m. See Press release of February 14, 2006. The other half of the concentrates, plus rejects from the above operation, originating from 15 samples were treated by Sortex; the average grade is increased by 176% over that obtained by hand sorting (see Table 1 below). It must be noted that diamonds smaller than 1.7mm in size have not been included in the new grade calculations. These results significantly enhance the potential for the economic recovery of diamonds from some of the eluvial deposits that overlie the Collier-04 pipe. Approximately one month will be required to process the accumulated remainder of the eluvial gravel samples through the Sortex plant. Eluvial gravel sampling is being continued (see Table 2 in Appendix 1). Preliminary bulk sample grade contours for the eluvial bulk samples, prior to the Sortex processing, are illustrated on the map in appendix 2.
See Table 1: Comparison of Collier-04 bulk sample results from eluvial gravels (hand sorting versus Sortex processing) at the following address www.ccnmatthews.com/docs/dgma1.doc
Three bulk samples of soil material overlying the eluvial gravels were also processed and found to be diamondiferous (see Table 3 in Appendix 1). A 6.13 carat diamond was recovered from one of these samples. Although very few soils samples were collected, the initial grade results are higher than expected and warrant more bulk testing to determine if the soil cover can also be economically processed. If this were to happen, one could envisage eliminating the stripping of waste material. Appendix 1 is a complete table of all the bulk samples taken at Collier-04. The final grade results and the average value per carat of the diamonds are yet to be determined.
The Company is continuing to delineate alluvial and terrace gravel deposits upstream and downstream from Collier-04 pipe in order to prepare an alluvial area for bulk sampling.
The Company has started the task of bulk sampling the weathered portion of the Collier-04 kimberlite pipe proper.
The interim reports on Properties 263 and 264 (formally referred to as Properties 011 and 012, respectively) have been filed with the National Department of Mineral Production ("DNPM"). These were due upon completion of the first three-year term of these exploration licenses. Progress has also been made on the Company's Broad Front Exploration Program with preliminary evaluation work being done on potential alluvial deposits. Delineation of the gravel deposits on Property 370/96 is progressing and several sectors are prepared for bulk sampling stage. The Company will file a final exploration report on this property before the end of the calendar year.
The DNPM has also informed the Company that they have approved the final exploration reports previously filed on Properties 108 and 1000, the latter of which is being held by a joint venture in which Diagem has an interest. Property 1000 is also subject to an embargo placed on it by the Federal Agency of the Environment ("IBAMA") since November 10, 2003. The Company is required to complete an environmental impact study and submit a mining plan within the next twelve months before being granted a mining concession on these properties.
WARNING: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.
The technical content of this news release has been approved by Dr. Mousseau Tremblay, of Williamstown, Ontario, a Qualified Person and Chairman of the Board of Directors of Diagem Inc.
Table 2: "Eluvial Bulk Samples", Table 3: "Soil Bulk Samples" and a map of "Collier-04 Kimberlite Pipe" are available at the following address: www.ccnmatthews.com/docs/dgma2.doc
Contact:
Paul Einarson
Diagem Inc.
C.F.O.
(514) 866-6001 ext. 251
peinarson@diagem.com
Denis Francoeur
Diagem Inc.
C.E.O.
(514) 866-6001 or (905) 845-1249
dfrancoeur@diagem.com
--------------------------------------------------------------------------------
Source: Diagem Inc.