Diamond Discoveries Commences Evaluation of Caribou Property, Thetford Mines, Quebec
11 Septembre 2008 - 7:51AM
PR Newswire (US)
NEW YORK, Sept. 11 /PRNewswire-FirstCall/ -- Diamond Discoveries
International Corp. (OTC BB:DMDD) a U.S. company focusing on
diamonds, precious and base metal exploration in the province of
Quebec, is pleased to announce that its wholly owned subsidiary,
Platinum Discoveries Corp, has commenced evaluation of its 100%
owned Caribou project in the Thetford Mines area of Southern
Quebec. Sampling of the eleven (11) showings that are present on
the Caribou Property (Montreal Mine, Caribou Mine, American Chrome
Deposit, American Chrome Jr., Finneth, Cesar, Dumais, Vaillancourt,
Gagne, Greenshields and Lambly-Nadeau/Victoria Mines) have begun
and will be sent to ALS Laboratory Group for assay testing. These
showings have shown potential for chromium, nickel and platinum
mineralizations. A heliborne geophysical survey is also planned,
that in addition to the surface sampling will assist in
prioritizing drill targets. In addition to exploration work carried
on by DMDD, Auger Resources Limited, a private Canadian company
controlled by Forbes & Manhattan Inc., has begun a major drill
program on its historical chromium deposits of Reed Belanger and
Hall which are adjacent to DMDD's Caribou property. "We are
extremely excited to be in such an enviable situation," said
Antonio Sciacca, CEO of DMDD. "Not only are we optimistic by the
prospects of the 11 known chromium showings on our Caribou
property, but we believe that the drill program on the adjacent
property validates our business plan without our company having to
use significant capital in phase 1 of our exploration program."
DMDD also has a field office in Thetford Mines that is managed by
consulting geologist Bertrand Brassard, P.Geo. Mr. Bertrand
Brassard, P.Geo., M.Sc., Technical Advisor, a Qualified Person as
defined by National Instrument 43-101, supervised the preparation
of the technical information in this news release. 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 has been
focused on diamonds, gold and base metal exploration. In June of
2008 Platinum Discoveries Corp
(http://www.platinumdiscoveriescorp.com/) also a wholly owned
subsidiary of DMDD, received a NI 43-101 technical report on its
Caribou Property, Thetford Mines, Quebec. Forward-Looking
Statements This news release contains discussion of items that may
constitute forward-looking statements within the meaning of
securities laws that involves risks and uncertainties. Although the
company believes the expectations reflected in such forward-looking
statements are based on reasonable assumptions, it can give no
assurances that its expectations will be achieved. Factors that
could cause actual results to differ materially from expectations
include the effects of general economic conditions, actions by
government authorities, uncertainties associated with contract
negotiations, additional financing requirements, market acceptance
of the Company's products and competitive pressures. These factors
and others are more fully discussed in company filings with U.S.
securities regulatory authorities. Contact: Tim Clemensen Senior
Vice President Rubenstein Investor Relations, Inc.
http://www.rubensteinir.com/Brochure/IRBrochure.pdf 212-843-9337
Dominic Spedaliere LL.B Investor Relations Diamond Discoveries
International Corp.
http://www.diamonddiscoveries.com/http://www.platinumdiscoveriescorp.com/
(212) 332-8016 (646) 461-1726 DATASOURCE: Diamond Discoveries
International Corp. CONTACT: Tim Clemensen, Senior Vice President,
Rubenstein Investor Relations Inc., ,
http://www.rubensteinir.com/Brochure/IRBrochure.pdf, (212)
843-9337; Dominic Spedaliere LL.B, Investor Relations, Diamond
Discoveries International Corp., ,
http://www.diamonddiscoveries.com/,
http://www.platinumdiscoveriescorp.com/, (212) 332-8016, (646)
461-1726
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