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Post by Franko10 ™ on Jan 30, 2005 17:56:58 GMT -5
CMKM Diamonds, Inc. Converges on Saskatchewan Drill Target
LAS VEGAS, Aug 5, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc. (Pink Sheets:CMKX) has received all necessary drilling permits and Surface Exploration Permits to mobilize its drilling equipment to a new site located approximately 5 miles northwest of Kensington-DeBeers Kimberlite 122 and 6 1/2 miles northwest of Shore Gold Inc.'s Star Diamond Project in the Forte a La Corne, Saskatchewan. The drill site partnership includes Shane Resources (SEI.H-)CDNX, United Carina Resources Corp. (UCA.)CDNX, Consolidated Pine Channel Gold Corp. (KPG) CDNX, and U.S. Canadian Minerals, Inc. (OTCBB:UCAD). All the partners shall have representation at the drill site at time of drilling. As with all CMKX drill sites, CEO and President Urban Casavant has ordered this drilling project to be video recorded for the CMKX website for viewing to the CMKX shareholders.
"The Company feels that this target in the Fort a La Corne area has great potential," states CEO and President Urban Casavant, "not only because of its location on the same northwest trend of Kimberlites in the Fort a La Corne area of Saskatchewan, but also because the target was outlined by a geophysical method known as a Time-Domain Electro Magnetic Survey." This type of survey measures the resistively of the rock. Such surveys have been very helpful in the discovery of kimberlites in the hac de Gras area of Canada, where currently two mines are producing 15% of the world's diamonds. This will be the Company's first such target to be drill tested in the Fort a La Corne area. President Casavant continues, "With an additional 37,800 hectares acquired this week to the over-all land holdings of CMKX in the Saskatchewan area, CMKX is moving rapidly into the expansion of additional equipment and manpower for the rapid discovery work ahead of us." Casavant went on to explain, "With our site target among other exploration discoveries such as Shore Gold's Star Diamond Project in the Forte a La Corne, Saskatchewan area, which recently yielded a 19.71 carat diamond, as well as 33 diamonds larger than one carat, the opportunity for our shareholders continue to expand as we set our sights on the discoveries ahead."
www.casavantmining.com
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.
CONTACT: CMKM Diamonds Inc.
Diamonds Hotline
Melvin O'Neil, 306-752-3755
Toll-free in U.S./Canada: 877-752-3755
Fax: 306-752-3754
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LAS VEGAS, Aug 5, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc. (Pink Sheets:CMKX) has received all necessary drilling permits and Surface Exploration Permits to mobilize its drilling equipment to a new site located approximately 5 miles northwest of Kensington-DeBeers Kimberlite 122 and 6 1/2 miles northwest of Shore Gold Inc.'s Star Diamond Project in the Forte a La Corne, Saskatchewan. The drill site partnership includes Shane Resources (SEI.H-)CDNX, United Carina Resources Corp. (UCA.)CDNX, Consolidated Pine Channel Gold Corp. (KPG) CDNX, and U.S. Canadian Minerals, Inc. (OTCBB:UCAD). All the partners shall have representation at the drill site at time of drilling. As with all CMKX drill sites, CEO and President Urban Casavant has ordered this drilling project to be video recorded for the CMKX website for viewing to the CMKX shareholders.
"The Company feels that this target in the Fort a La Corne area has great potential," states CEO and President Urban Casavant, "not only because of its location on the same northwest trend of Kimberlites in the Fort a La Corne area of Saskatchewan, but also because the target was outlined by a geophysical method known as a Time-Domain Electro Magnetic Survey." This type of survey measures the resistively of the rock. Such surveys have been very helpful in the discovery of kimberlites in the hac de Gras area of Canada, where currently two mines are producing 15% of the world's diamonds. This will be the Company's first such target to be drill tested in the Fort a La Corne area. President Casavant continues, "With an additional 37,800 hectares acquired this week to the over-all land holdings of CMKX in the Saskatchewan area, CMKX is moving rapidly into the expansion of additional equipment and manpower for the rapid discovery work ahead of us." Casavant went on to explain, "With our site target among other exploration discoveries such as Shore Gold's Star Diamond Project in the Forte a La Corne, Saskatchewan area, which recently yielded a 19.71 carat diamond, as well as 33 diamonds larger than one carat, the opportunity for our shareholders continue to expand as we set our sights on the discoveries ahead."
www.casavantmining.com
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.
CONTACT: CMKM Diamonds Inc.
Diamonds Hotline
Melvin O'Neil, 306-752-3755
Toll-free in U.S./Canada: 877-752-3755
Fax: 306-752-3754
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.
