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Post by Franko10 ™ on Jan 29, 2005 8:16:34 GMT -5
CMKM Diamonds, Inc. Announces Progress on Drilling and Exploration Program
- BusinessWire
LAS VEGAS, Mar 18, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc. (Pink Sheets:CMKX) announces exploration and drilling program proceeding as planned. The Company is pleased to announce that drilling on one of the Company's preselected priority targets has reached significant depth, as of the March 17, 2004 update from the drilling supervisor. The completion of our first drill hole is expected to finish today after reaching the target depth. The core samples will be prepared for transport and submitted for analyses at a testing facility nearby for mineral content. After completion of the first drill hole, the drill crew is scheduled to start another core sample on the Company's claims near Smeaton which is located in the northern region of Fort a la Corne area and have the highest probability of a successful target. Live video streaming will not be available due to the remote location, however other media may be provided on the corporate website as soon as next week.
Urban Casavant, President, of CMKM Diamonds, Inc. stated, "We would like to thank all the shareholders and investors for their patience and continued support. We are very excited with the progress we are achieving at this point. The Company has purchased its own drilling equipment, begun a drilling program and has successfully negotiated a definitive agreement to continue our aerial surveying in approx. 8 days. In addition, the Board of Directors has approved the purchase of an air pressure drill, which is capable of up to 4 times the work per day, compared to our current equipment, which will allow us to drill the Company's Green Lake claims simultaneously with the Fort a la Corne claims."
Goldak Airborne Surveys is expected to commence a tri-axial magnet gradient survey, as reported earlier, in approx. 8 days. This is the same Company and aerial survey that was conducted on claims owned by other successful operators in the Fort a la Corne area and produced outstanding known results. The results reflect the possibility of undiscovered bodies of kimberlite overlooked by previous aerial surveys conducted in the past on claims throughout this area.
There is no guarantee that further exploration or drilling will produce any economic benefit to the Company or the shareholders of the Company.
This Press Release contains "forward looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this Press Release other than statements of historical fact are "forward looking" statements. Although Management believes that the expectations reflecting in these forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward looking statements contained in this Press Release.
SOURCE: CMKM Diamonds Inc.
Diamonds Hotline:
Melvin O'Neil, 306-752-3755
Toll free in U.S./Canada:
877-752-3755
Fax: 306-752-3754
ipr@sasktel.net
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Copyright (C) 2004 Business Wire. All rights reserved.
- BusinessWire
LAS VEGAS, Mar 18, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc. (Pink Sheets:CMKX) announces exploration and drilling program proceeding as planned. The Company is pleased to announce that drilling on one of the Company's preselected priority targets has reached significant depth, as of the March 17, 2004 update from the drilling supervisor. The completion of our first drill hole is expected to finish today after reaching the target depth. The core samples will be prepared for transport and submitted for analyses at a testing facility nearby for mineral content. After completion of the first drill hole, the drill crew is scheduled to start another core sample on the Company's claims near Smeaton which is located in the northern region of Fort a la Corne area and have the highest probability of a successful target. Live video streaming will not be available due to the remote location, however other media may be provided on the corporate website as soon as next week.
Urban Casavant, President, of CMKM Diamonds, Inc. stated, "We would like to thank all the shareholders and investors for their patience and continued support. We are very excited with the progress we are achieving at this point. The Company has purchased its own drilling equipment, begun a drilling program and has successfully negotiated a definitive agreement to continue our aerial surveying in approx. 8 days. In addition, the Board of Directors has approved the purchase of an air pressure drill, which is capable of up to 4 times the work per day, compared to our current equipment, which will allow us to drill the Company's Green Lake claims simultaneously with the Fort a la Corne claims."
Goldak Airborne Surveys is expected to commence a tri-axial magnet gradient survey, as reported earlier, in approx. 8 days. This is the same Company and aerial survey that was conducted on claims owned by other successful operators in the Fort a la Corne area and produced outstanding known results. The results reflect the possibility of undiscovered bodies of kimberlite overlooked by previous aerial surveys conducted in the past on claims throughout this area.
There is no guarantee that further exploration or drilling will produce any economic benefit to the Company or the shareholders of the Company.
This Press Release contains "forward looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this Press Release other than statements of historical fact are "forward looking" statements. Although Management believes that the expectations reflecting in these forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward looking statements contained in this Press Release.
SOURCE: CMKM Diamonds Inc.
Diamonds Hotline:
Melvin O'Neil, 306-752-3755
Toll free in U.S./Canada:
877-752-3755
Fax: 306-752-3754
ipr@sasktel.net
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
