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Rubies found in Kimberlite Residue from Core Box Tuesday November 23, 3:33 pm ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 23, 2004--Robert Dillman, consulting diamond geologist for Diamond Discoveries (OTCBB MDD - News) examined the broken kimberlite residue left in the core box after the main kimberlite core sample was removed. Mr. Dillman states, "The minerals in the core residue appear to be from a corundum-garnet-eclogite bearing nodular kimberlite." The evidence of pink corundum (rubies) in the rock demonstrates that pink corundum has now been found in ultramafic rocks in both the western and eastern parts of the property. Previous identification of pink corundum from the A-Dyke was identified as rubies. It is expected that these will be identified as the same. Larger pink corundums have been recognized in hand specimen, although no systematic search or testing has been made check for gem quality rubies. The Eclogite minerals include: abundant pink corundum, one orange corundum, and 7 orange-red eclogite garnets. Eclogitic rocks are significant in they are usually diamondiferous and tend to host large diamonds. The company is still waiting for the caustic fusion results on the core that was sent to Saskatchewan Research Council. On Behalf of the Board "John Kowalchuk" John Kowalchuk P.Geo., President & CEO About Diamond Discoveries International Corp.
Diamond Discoveries International Corp. (OTCBB MDD - News) is an US exploration company with executive offices in Vancouver, B.C. Through its wholly owned subsidiary Diamond Discoveries (Canada) Inc. it controls certain mineral permits in the Torngat Mountains Peninsula, north-eastern Quebec. The Company is focused on exploring for diamonds. The Company has located more than 50 kimberlite dykes and several kimberlite pipes. Next spring, they plan on actively sampling the targeted areas for diamonds both by bulk sampling and core drilling. www.diamonddiscoveries.com
Forward-Looking Statement
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve 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.
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Malloy, Compared to CMKX this company has a miniscule float. Their float is a tiny drop compared to CMKX's ocean, one tiny shaving compared to CMKX'S iceberg, one pebble compared to CMKX's mountain, one grain compared to CMKX's beach and so on. This looks kind of intriguing but I just can't bring myself to invest in another company dealing with kimberlite. Good luck with it though!
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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Very Nice Malloy, could test .05 this week the break of that we'll see .07+ IMO
Posts: 1451 | From: Somersworth, NH | Registered: May 2004
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John Kowalchuk, President and CEO of Diamond Discoveries International, Talks to The Wall Street Transcript Monday, December 20 Monday December 20, 12:54 pm ET
NEW YORK--(BUSINESS WIRE)--Dec. 20, 2004--The Wall Street Transcript has published an in-depth interview with John Kowalchuk, President and CEO of Diamond Discoveries International (OTCBB MDD - News) in which he talks at length about the Company. The entire 2,500 word interview is available free online at http://www.twst.com/ceos.htm
Diamond Discoveries International Corp is a US exploration company with executive offices in Vancouver, B.C. Through its wholly owned subsidiary Diamond Discoveries (Canada) Inc. it controls certain mineral permits in the Torngat Mountains Peninsula, north-eastern Quebec. The Company is focused on exploring for diamonds. The Company has located more than 50 kimberlite dykes and several kimberlite pipes.
Regarding the Company's strategy Mr. Kowalchuk states, "Next year is the year we are going to do the significant testing of the pipes and assaying of the pipes. We'll know whether it shows an interesting diamond count or significant diamond count. If any of the pipes that we have look like they have significant diamond counts, then the following year we will be going into a large-scale bulk tonnage and bulk tonnage sampling."
With regard to the Company's message to potential investors Mr. Kowalchuk states, "We need to better educate the American investing public that Canada is probably one of the premier places to look for diamonds. It has had a very high success rate relative to other areas, and they are clean diamonds. Because they can be proven to be clean diamonds, they will be sold at a premium."
The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call 800/246-7673.
-------------------------------------------------------------------------------- Contact: Diamond Discoveries John Kowalchuk, 604-683-1368
-------------------------------------------------------------------------------- Source: Diamond Discoveries International
quote:Originally posted by Upside: Malloy, Compared to CMKX this company has a miniscule float. Their float is a tiny drop compared to CMKX's ocean, one tiny shaving compared to CMKX'S iceberg, one pebble compared to CMKX's mountain, one grain compared to CMKX's beach and so on. This looks kind of intriguing but I just can't bring myself to invest in another company dealing with kimberlite. Good luck with it though!
I have to agree. This should make for a quick run possibly but this is an exact PR of CMKX 2 years ago where they found some kimberlite residue. There may be those that remember that too well and refuse to invest in this. After that the pps rose and the dilution started dumping even faster. When they reported kimberlite the o/s was 99% smaller then it is now.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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MDD - News) examined the broken kimberlite residue left in the core box after the main kimberlite core sample was removed. Mr. Dillman states, "The minerals in the core residue appear to be from a corundum-garnet-eclogite bearing nodular kimberlite." The evidence of pink corundum (rubies) in the rock demonstrates that pink corundum has now been found in ultramafic rocks in both the western and eastern parts of the property. Previous identification of pink corundum from the A-Dyke was identified as rubies. It is expected that these will be identified as the same. Larger pink corundums have been recognized in hand specimen, although no systematic search or testing has been made check for gem quality rubies. The Eclogite minerals include: abundant pink corundum, one orange corundum, and 7 orange-red eclogite garnets. Eclogitic rocks are significant in they are usually diamondiferous and tend to host large diamonds. The company is still waiting for the caustic fusion results on the core that was sent to Saskatchewan Research Council. 
MDD - News) in which he talks at length about the Company. 
