Diamond Discoveries Reports High Chromium Values Intersected Over Several Metres on Caribou Property, Thetford Mines, Quebec
18 Novembre 2008 - 6:16AM
PR Newswire (US)
NEW YORK, Nov. 17 /PRNewswire-FirstCall/ -- Diamond Discoveries
International Corp.(OTCBB: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 received preliminary results from
the exploration work done in 2008 field season, on their Caribou
Property near Thetford Mines. The results have confirmed the
presence of high chromium (Cr2O3) mineralization in pyroxenite unit
over several metres. Six (6) samples from the American Chrome
Junior showing returned high chromium values with composite assays
of 10.72% Cr2O3 over 5 metres and .4 g/t PGE (Platinum, Palladium
and Rhodium). This composite includes 1 metre grading 21.47% of
Cr2O3 and .5 g/t PGE. Diamond Discoveries has undertaken channel
sampling (1 metre wide) on two other showings (Finneth and Cesar)
and on new trenches. Six (6) samples from the Finneth Showing
returned 3% Cr2O3 over 6 metres with an average of .1 g/t PGE. One
isolated sample on the same showing graded 7% Cr2O3 over 1 metre.
The pyroxenite rock, that hosts main mineralized zones, is part of
the Thetford Mine ophiolitic complex which is well known for its
chromium potential. Following the results from the channel sampling
further work will be done on these zones. All results will be
released shortly after receiving final certificate from the ALS
Laboratory Group from Val d'Or Quebec. The technical content of
this press release has been reviewed and approved by Bertrand
Brassard, P.Geo., a Qualified Person under the guidelines of
National Instrument 43-101. 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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