Quantcast
Last updated on April 19, 2014 at 18:42 EDT

Diamond Discoveries Reports a New Chromium Discovery on Caribou Property, Thetford Mines, Quebec

January 14, 2009

NEW YORK, NY, Jan. 14 /PRNewswire-FirstCall/ – Diamond Discoveries International Corp. (OTCBB: DMDD), a U.S. company focusing on diamonds, precious and base metal exploration in the Canadian province of Quebec, is pleased to announce that it has received all results from the exploration work completed in the 2008 field season, on their 100% owned Caribou Property near Thetford Mines. The results have confirmed the presence of high chromium (Cr2O3) mineralization and a new discovery of chromite referred to as the (Bil Showing).

As per the news release of November 18th /2008,six(6) samples from the American Chrome Junior Showing returned high chromium values with composite assays of 10.72% Cr2O3 over 5 meters and .4g/t PGE (Platinum, Palladium and Rhodium). This composite included a 1 meter grading of 21.47% of Cr2O3 and .5g/t PGE.

Diamond Discoveries undertook channel sampling (1 meter wide) on the new Bil Showing of which five (5) samples from the new showing returned up to 9.8% Cr2O3 over 1 meter with traces of PGE.

The pyroxenite rock, that hosts the main mineralized zone, is part of the Thetford Mines ophiolitic complex which is well known for its chromium potential. Following the results from the channel sampling further work will be completed on these zones including drilling. All samples (51) from the 2008 campaign were assayed in 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 (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.
    tclemensen@rubensteinir.com
    www.Rubensteinpr.com
    212-843-9337

    Dominic Spedaliere LL.B
    Investor Relations
    Diamond Discoveries International Corp.
    dominic@diamonddiscoveries.com
    www.diamonddiscoveries.com
    www.platinumdiscoveriescorp.com
    (212) 332-8016
    (646) 461-1726

SOURCE Diamond Discoveries International Corp.


Source: newswire