Diagem Provides Collier-04 Diamond Size Summary
14 Dicembre 2007 - 4:01PM
Marketwired
MONTREAL, QUEBEC ("Diagem" or "the Company") reports that 380
diamonds weighing more than 1 carat for a total carat weight of 814
carats have been recovered since March 2007 at the Company's
Collier-04 development project in the state of Mato Grosso, Brazil.
These larger diamonds represent 7.8% of the total carat weight of
all diamonds larger than 1.7 mm. The September, October and
cumulative diamonds of 1 carat and more are summarized below as an
addendum to the December 13, 2007 press release.
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Table 1: Collier-04 Diamonds weighing more than 1 carat
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No of Diamonds No of Carats
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Carat Range 1-2 ct 2-4 ct 4-10 + 10 ct 1-2 ct 2-4 ct 4-10 ct + 10 ct
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Sep 2007 28 13 5 1 36.3 34.2 23.6 11.8
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Oct 2007 60 17 8 1 84.0 44.6 45.2 11.3
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133 291
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Mar-Oct 2007 274 69 31 6 369.69 185.62 167.42 90.82
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380 814
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Since March, 2007, a total of 86,210 diamonds weighing 10,461
carats have been recovered from the processing of 27,882 cubic
metres of in situ material at Collier-04. This represents an
average diamond grade of 0.37 carats per cubic metre and an average
carat weight of 0.12 carats per diamond.
The Company activated its Collier-04 diamond reporting with the
Cadastro Nacional do Comercio de Diamantes ("CNCD") in Brazil,
which is part of the revised protocol for the certification of the
Kimberley Process. This will enable the Company to ship its
diamonds to Antwerp for appraisal and marketing.
This press release has been reviewed by Mousseau Tremblay,
Ph.D., P. Eng., Diagem's Chairman and a qualified person under
National Instrument 43-101
About Diagem
Diagem Inc. is a publicly listed Canadian exploration-stage
company focused on primary diamondiferous resources in the Juna
Diamond Province of Mato Grosso, Brazil, where it controls a large
portfolio of mineral properties. The Company has one advanced
development stage project and recently discovered two clusters of
kimberlite pipes believed to be the main sources of Juina's
historical alluvial diamond production. The historical Juina
alluvial diamond production is commonly referred to as "Indian
goods" based on the generally lower quality of the diamonds.
However, the Chapad?o area is accessible year round and is amenable
to open pit mining which translates into low extraction costs.
Preliminary diamond grades are also encouraging (see press release
dated January 11, 2007). The area is also known for the occurrence
of a valuable rare type of diamonds often harbouring a fancy pink
colour (see press release dated November 13, 2007).
Forward-looking statements: Except for statements of historical
fact, all statements in this news release, without limitation,
regarding new projects, acquisitions, future plans and objectives
are forward-looking statements which involve risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate; actual results and future events could differ
materially from those anticipated in such statements.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS PRESS RELEASE
Contacts: Diagem Inc. Denis Francoeur CEO 514-866-6001 ext 265
Diagem Inc. Paul Einarson CFO 514-866-6001 ext 251 www.diagem.com
Nicole Blanchard Investor Relations 450-973-6690
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