DMDD Press Releases
Diamond Discoveries Starts Summer/Fall Exploration Program on its Caribou Property, Thetford Mines, Quebec, Canada
Press Release Source: Diamond Discoveries International Corp. On Wednesday August 24, 2011, 8:52 am
- DMDD prepares detailed surface sampling program, followed by 2,000 meter drill campaign on its Caribou Property for Chrome, PGE and Gold potential
NEW YORK, Aug. 24, 2011 /PRNewswire/ – Diamond Discoveries International Corp. (OTCQB: DMDD), a U.S company focusing on chromium, platinum group elements (PGE) and gold exploration on it’s 100% owned Caribou Property in Thetford Mines, Quebec is pleased to announce that it has resumed its exploration program commenced in 2008 that resulted in high chromium values in multiple areas.
The Caribou Property is located approximately 200 kilometers northeast of Montreal, Quebec and at 5 kilometers south of the City of Thetford Mines, Quebec. The property consists of 140 mining claims totalling 6,000 hectares.
The property is located within the Southern Québec Ophiolite Belt which is characterized by several exploration and exploitation programs that were completed on the property and in the area from 1835 until today. Several types of mineralization are present and are well described in the NI 43-101 Technical Report on the Caribou Property prepared by A. Geologica Group-Conseil Inc.(2008). An updated NI 43-101 is expected within the next 4-6 weeks.
More than eleven (11) known chromite occurrences are recognized and defined on the Caribou Property (Montréal Mine, Caribou Mine, American Chrome Deposit, American Chrome Jr., Finneth, César, Dumais, Vaillancourt, Gagné, Greenshields and Lambly-Nadeau/Victoria Mines). The results of the past and recent work are very interesting and significant for the Company since they not only confirm the presence of chromite on the Caribou Property, but also seem to show that most of the occurrences have PGE mineralization content.
As presented in our past press release, Six (6) samples from the American Chrome Junior 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 include 1 metre grading 21.47% of Cr2O3 and .5 g/t PGE.
In 2009 Diamond Discoveries had undertaken channel sampling (1 metre wide) on the new discovery called the Bil Showing. Five (5) samples from the new showing returned up to 9.8% Cr2O3 over 1 metre with traces of PGE. The pyroxenite/dunite rock, that hosts the main mineralized zone, is part of the Thetford Mine ophiolitic complex which is well known for is chromium potential.
Plans for 2011 include large scale mapping, additional surface sampling and phase one drilling of 3-5 targets totalling 2,000 meters. Due to the property’s Southern Quebec location and excellent infrastructure the budget for phase one is approximately five hundred thousand dollars.
Gold Potential
The Thetford Mines area is presently enjoying a major staking rush following a gold discovery by Bowmore Exploration Limited (TSX-V:BOW.v - News). Bowmore, which is 40% owned by Osisko and has nearly 1,200 mining claims along the sedimentary basin St-Victor, between Magog and the Beauce. This represents approximately 700 square kilometers. Bowmore announced on April 18, 2011 that a diamond drill program had begun on their St-Victor property.
“Sedimentary formations in Quebec have been overlooked in the past for their gold potential but are now strong contributors to major new gold deposits in the Province such as Canadian Malartic (Osisko Mining) and Eleonore (Goldcorp),” said Bertrand Brassard, President of Diamond Discoveries, “In addition to chromium, which is our primary focus, we intend to also take part in this new Appalachian gold play.”
In addition to chromium, the Company also has gold discovery potential on its Caribou Property, one grab sample returned grade of 12,3 g/t Gold and 60 g/t Silver and 2,9% Copper on the northeast part of the property (GM 22358 Assessment Report from MRNF).
Several other companies showed interest for the Gold in the region including but not limited to Bowmore: Nevado Resource Inc. (TSX-V:VDO.v - News), Niogold Mining Corporation (TSX-V:NOX.v- News), Golden Hope Mining (TSX-V:GNH.v - News), Fancamp Exploration (TSX-V:FNC.v - News), and VVC Exploration (TSX-V:VVC.v - News).
The technical content of this press release has been reviewed and approved by Bertrand Brassard, P.Geo., President of Diamond Discoveries,who is a Qualified Person under the quidelines 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 Burlington, Ontario. Since inception it has been focused on diamonds, chromium, PGE (platinum, palladium and rhodium) and gold. In June of 2008 the company received a NI 43-101 technical report on its 100% owned Caribou Property, Thetford Mines, Quebec.
For further information on Diamond Discoveries International Corp., visit http://www.diamonddiscoveries.com
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.
Diamond Discoveries Announces Geoffrey M. Gates has Joined Advisory Board
NEW YORK, NY, June 7, 2011 /PRNewswire via COMTEX/ — Diamond Discoveries International Corp. (OTCQB.DMDD), a U.S. company focusing on chromium, platinum group elements (PGE) and gold exploration on it’s 100% owned Caribou Property in Thetford Mines, Quebec is pleased to announce that Geoffrey M. Gates has joined the Company as an Advisory Board member.
Mr. Gates has had a long and distinguished career as an institutional sales executive on Wall Street with a focus in recent decades on the mining industry. He is a graduate of Princeton University. After serving in the U.S. Marine Corps, he started his career at the former Bache & Co. He has since worked for a number of firms, including Allen & Co., Laidlaw Adams & Peck, Mitchum Jones, London & Bishopsgate and Sanders Morris Harris.
“Geoff Gates’ experience, contacts and insight will prove to be invaluable to the Company as we move our exploration program forward,” said Antonio Sciacca CEO of DMDD. Mr. Sciacca added, “He will assist the Company in sourcing joint venture candidates and introductions within the investment community.”
The Company’s 2011 development Plan is to focus on phase one and two exploration programs, which include additional surface sampling and phase one drilling of 3-5 targets totaling 1-2000 meters for chromium values and 3-5 targets totaling 1-2000 meters for gold values. Priorty drill targets are the Caribou and Montreal Mines for chromium and PGE values and the Caribou North for gold values.
The technical content of this press release has been reviewed and approved by Bertrand Brassard, P.Geo., a Qualified Person under the quidelines of National Instrument 43-101
Diamond Discoveries International Corp. is a U.S. exploration company with executive offices in New York, NY and Burlington, Ontario. Since inception it has been focused on diamonds, chromium, PGE (platinum, palladium and rhodium) and gold. In June of 2008 the company received a NI 43-101 technical report on its 100% owned Caribou Property, Thetford Mines, Quebec.
For further information on Diamond Discoveries International Corp., visit http://www.diamonddiscoveries.com
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 Information:
Diamond Discoveries International Corp. Martin R. De Bono VP of Corporate Development/Investor Relations 289-288-5300 mdebono@diamonddiscoveries.net
SOURCE Diamond Discoveries International Corp.
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Press Release Source: Diamond Discoveries International Corp. On Thursday December 2, 2010, 9:00 am EST
NEW YORK, Dec. 2 /PRNewswire/ – Diamond Discoveries International Corp. (DMDD.QB), a U.S. company focusing on chromium, platinum group elements(PGE) and gold exploration on it’s 100% owned Caribou Property in Thetford Mines, Quebec, Canada is pleased to announce the acquisition of an additional 41 mineral claims totaling 2,460 hectares on the northeast corner of the existing property adjacent to Nevado Ventures (TSX-V:VDO.v - News) and less than 2 miles from Bowmore Exploration Limited (TSX-V:BOW.v - News).This acquisition brings the total land package to 143 claims representing 6,236 hectares.
A press release issued on October 12, 2010 by Bowmore Exploration Limited (TSX-V:BOW.v - News) titled, Bowmore Outlines Broad Gold Anomalies in Southern Quebec, stated that their “Exploration program initiated in late 2009, that targeted the belt for near-surface, bulk tonnage, sediment hosted deposits of similar type asKinross’ Paracatu mine in Brazil (reserves of 1,430 million tons grading 0.40 g/t Au for 18 million ounces gold),or the Russian Sukhoi Log deposit, containing total unclassified resources of approximately 48 million ounces gold grading 2 g/t Au.”
Diamond Discoveries plans to continue on its exploration program that it commenced in 2008 that resulted in high chromium values in multiple areas. Six(6) samples from the American Chrome Junior Showing returned composite assays of 10.72%Cr203 over 5 meters and .4g/t PGE (platinum, palladium and rhodium).This composite included a 1 meter grading of 21.47% of Cr203 and .5g/t PGE.
In addition to chromium the Company also has gold discovery potential on its Caribou Property. One grab sample returned grade of 12,3 g/t Gold and 60g/t Silver and 2.9% Copper on the northeast part of the property(GM 22358 Assessment Report from MRNF).
Plans for 2010-2011 include additional surface sampling and phase one drilling of 3-5 targets totaling 1-2,000 meters for chromium values and 3-5 targets totaling 1-2,000 meters for gold values.
Thetford Mines and the Southern Quebec Appalachian Belt have a century long history of mining and are known for their numerous chromite, asbestos and copper deposits. The region was the site of Canada’s first placer gold rush on the 1850′s, decades before the Klondike in the Yukon.
“The recent announcement by Bowmore Exploration confirms the gold potential in the Southern Quebec Appalachians,” said Antonio Sciacca CEO of DMDD, “Even though chromium is still our main focus, we are excited that the area has turned into a major gold play target led by Bowmore.”
The Company is also pleased to announce that it has retained the services of Mr. Martin R De Bono as its VP of Corporate Development and Investor Relations. Mr DeBono has been in the Financial Services industry for over 25 years focusing on high net-worth individuals and families.
The technical content of this press release has been reviewed and approved by Bertrand Brassard, P.Geo., a Qualified Person under the quidelines 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 Burlington, Ontario. Since inception it has been focused on diamonds, chromium, PGE (platinum, palladium and rhodium) and gold. In June of 2008 the company received a NI 43-101 technical report on its Caribou Property, Thetford Mines, Quebec.
For further information on Diamond Discoveries, visit http//www.diamonddiscoveries.com/.
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.
Diamond Discoveries International Corp.
Martin R De Bono
VP of Corporate Development/Investor Relations
289-288-5300
MDeBono@diamonddiscoveries.net
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Press Release Source: Diamond Discoveries International Corp. On Thursday March 4, 2010, 10:53 am EST
NEW YORK, NEW YORK–(Marketwire – 03/04/10) – Diamond Discoveries International Corp. (PINK SHEETS:DMDD- News), a U.S. company focusing on chromium, platinum group elements (PGE) and gold exploration on it’s 100% owned Caribou Property in Thetford Mines, Quebec, Canada is pleased to provide an update on it’s exploration plans and the staking rush currently taking place in the Thetford Mines area.
The Company plans to continue on it’s exploration program that it commenced in 2008 that resulted in high chromium values in multiple areas. Six (6) samples from the American Chrome Junior Showing returned composite assays of 10.72% Cr203 over 5 meters and .4g/t PGE (platinum,palladium and rhodium). This composite included a 1 meter grading of 21.47% of Cr203 and .5g/t PGE. In addition channel sampling (1 meter wide) on the new Bil Showing of which five (5) samples returned up to 9.8% Cr203 over 1 meter with traces of PGE.
Plans for 2010 include additional surface sampling and phase one drilling of 3-5 targets totaling 1-2,000 meters. In addition to chromium the Company also has gold discovery potential on its Caribou Property, one grab sample returned grade of 12,3 g/t Gold and 60 g/t Silver and 2,9% Copper on the northeast part of the property (GM 22358 Assessment Report from MRNF).
The Thetford Mines area is presently enjoying a major staking rush rumored to be the result of gold discoveries in sedimentary formations together with felsic volcanic and/or intrusive complexes. Nevado Venture Capital Inc. (TSX-V:VDO - News) and Niogold Mining Corporation (TSX-V:NOX - News) have recently announced significant acquisitions of mineral claims in the area. In addition recent government filings indicate that Bowmore Exploration Limited (TSX-V:BOW - News) have acquired at least 200 permits.
Thetford Mines and the Southern Quebec Appalachian Belt have a century long history of mining and are known for its numerous chromite, asbestos and copper deposits. The region was the site of Canada’s first placer gold rush on the 1850′s, decades before the Klondike in the Yukon.
“Sedimentary formations in Quebec have been overlooked in the past for their gold potential but are now strong contributors to major new gold deposits in the Province such as Canadian Malartic (Osisko Mining) and Eleonore (Goldcorp),” said Antonio Sciacca CEO of DMDD, “In addition to chromium, which is our primary focus, we intend to also take part in this new Appalachian gold play.”
The Company is also pleased to provide its new website www.quebecdiscoveries.com which reflects the Company’s focus and commitment to Thetford Mines, Quebec.
The technical content of this press release has been reviewed and approved by Bertrand Brassard, P.Geo., a Qualified Person under the quidelines 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 it has been focused on diamonds,chromium, PGE (platinum, palladium and rhodium) and gold. In June of 2008 the company 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:
Contacts: Diamond Discoveries International Corp. Antonio Sciacca CEO 212-332-8016 tony@diamonddiscoveries.com