Diamond Discoveries Provides Exploration Plans for 2007 and 2008
29 Juin 2007 - 3:30PM
Business Wire
Diamond Discoveries International Corp. (OTCBB:DMDD) has approved
and would like to present the recommended work program for the
Quebec properties prepared and recommended by Harrison Cookenboo,
Ph.D., P.Geo, Senior Associate Geologist with Watts, Griffis and
McOuat. As per the option agreement with Tres-Or Resources Ltd.
(see news May 8, 2006), a two-Phase exploration program has been
approved by the board of directors for 2007 and 2008 with an
estimated budget of $1,500,000 million. The program comprises,
Phase 1 (Table 1) which commences immediately and Phase 2 (Table 2)
which will follow as warranted by the results of Phase 1. The
budget for Phase 1 is $250,000. Phase 2 is dependent on results of
Phase 1 with work estimated at $1,250,000 million if goals for all
four targets are met. Phase 2 will be completed between October and
the end of 2008. As this work is result dependent, it is difficult
to assert which specific projects from those listed in Table 2 will
need to be funded. However, success in any one of the Phase 1
projects will likely require at least the Phase 2 level of
expenditures. Quebec 2007 DMDD plan - Phase 1 Summer 2007 � Table:
1 Base Metal Program Staking for Base metal extension (completed)
surface geology Surface sampling Air borne (completed) � ND-29
Drilling Drilling Caustic Reporting and logging � Guigues
re-evaluation Ground magnetic survey Sediment samples microprobe
chemistry Reporting and analysis � ND-63 targets Ground magnetic
survey sediment samples microprobe chemistry reporting and
recommendations Director Tony Sciacca stated, �We are pleased and
excited with the go forward program for the Notre Dame du North
properties located in northwestern Quebec. In Phase 1 we have four
potential milestones to achieve. We have a drill target for a
potential new kimberlite pipe, re-evaluation of a large
diamond-bearing pipe that initially was discovered by De Beers in
the early eighties, new kimberlite targets with the ND-63 extension
and, in addition, we also may have drill targets with the base
metal (copper/zinc) property.� Quebec 2007 DMDD plan - Phase 2 Fall
2007 through 2008 � Table: 2 Base Metal Program Ground geophysics -
mag and EM Surface geology Drilling Logging and sampling � ND-29
Drilling Drilling to delineate Caustic Reporting and logging �
Guigues re-evaluation Phase 1 evaluation and plans Drilling Caustic
Mini-bulk sample extraction Mini-bulk sample processing Sediment
samples Microprobe chemistry Reporting and recommendations � ND-63
targets Drilling Caustic Sediment samples Microprobe chemistry
Reporting and Recommendations Harrison Cookenboo, Ph.D., P.Geo.,
Senior Associate Geologist with Watts, Griffis and McOuat, and a
Qualified Person by the standards of National Instrument 43-101,
has reviewed the contents of this news release. Dr. Cookenboo is
responsible for the design and the implementation of the field
programs. Tres-Or Resources is the project operator. About Diamond
Discoveries International Corp.: Diamond Discoveries International
Corp. is a U.S. exploration company with executive offices in New
York, NY and Toronto, Ontario. Since inception through its wholly
owned subsidiary Diamond Discoveries (Canada) Inc., it is focused
on diamond exploration in the province of Quebec.
www.diamonddiscoveries.com Certain statements in this news release
may contain forward-looking information within the meaning of Rule
175 under the Securities Act of 1933 and Rule 3b-6 under the
Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of
fact, included in this release, including, without limitation,
statements regarding potential future plans and objectives of the
company, are forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Technical complications that may arise could prevent the prompt
implementation of any strategically significant plan(s) outlined
above. The company cautions that these forward-looking statements
are further qualified by other factors including, but not limited
to, those set forth in current and periodic reports and other
documents filed by Diamond Discoveries International Corp. with the
U.S. Securities and Exchange Commission. Diamond Discoveries
International Corp. undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
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