Moydow Announces Two New Kimberlitic Bodies at Dala Diamond Project
TORONTO, ONTARIO–(Marketwire – Sept. 2, 2008) – Brian Kiernan, President and CEO of Moydow Mines International Inc. (“Moydow” or “the Company”) (TSX:MOY)(AIM:MOY) today announced that Moydow has identified two more kimberlitic bodies at the Dala Diamond Project in Angola, in addition to the one announced on June 16, 2008. The two new kimberlites were identified on two separate anomalies, G34 and G35 which have recently been drilled as part of the current drilling program at the Dala Project.
To date, a total of ten anomalies have been drilled at the Dala Project, and of these, kimberlite has been identified in the core samples from three of them. Three holes were abandoned for technical reasons before they reached the target depth. Of the seven holes that reached target depth, three were positive.
Drill hole PD10, which was located on anomaly G34, intercepted kimberlitic material at a vertical depth of 165 meters. Drill hole PD03, located on anomaly G35, intercepted kimberlitic material at a vertical depth of 139 meters.
There remain in excess of twenty anomalies to be drilled on the Dala Project in this current programme.
The core from the drill holes in which kimberlite has been identified will be split and samples sent for analysis for G-10 garnets and micro diamonds. Results of these analyses will be provided as soon as they become available.
Of particular note is drill hole PD10, which was located on anomaly G34. This anomaly is concurrent with a circular lake of some 400 metres in diameter and had been identified as a high priority target quite early in the exploration phase.
Mr Kiernan said “We are delighted that our exploration efforts are being rewarded with such positive results. The rate at which anomalies are being converted to kimberlites is very encouraging and with more than twenty more anomalies to drill we are very excited for the future. We are sending core samples for analysis as soon as possible and we will base our second round of drilling on the results of that analysis.”
The Dala licence comprises some 3,000 square kilometres and is located in the Lunda Sul province of north-eastern Angola, immediately adjacent to the city of Saurimo. The licence is 40 kilometres south of the Catoca Mine, the world’s fourth largest diamondiferous kimberlite mine, and is adjacent to Petra Diamond’s Alto Cuilo property. Moydow holds a 40% interest in the Dala kimberlite licence. Empressa Nacional De Diamantes De Angola, the Angolan state diamond mining company, has a 51% interest and Cimader- Comercio General Limitada, a local Angola company, has a 9% interest.
The drilling programme and evaluation are under the supervision of Ebo Bakker, a Professional Geologist, and “Qualified Person”, as defined under NI 43-101, and is responsible for the technical information presented in this news release. Progress reports on the drilling programme will be released on an on-going basis as results become available.
Moydow Mines is engaged in the acquisition, exploration and development of mineral properties worldwide. Corporate information is available on the Company’s website www.moydow.com. Moydow Mines International Inc is listed on the Toronto Stock Exchange and the AIM Market of the London Stock Exchange under the symbol “MOY”.
On behalf of the Board of Directors
Brian Kiernan, President and Chief Executive Officer
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