Dios Exploration Inc. press release
33 Carats update
TSXV - TSX Venture Exchange · Gold · Copper · Silver · Lithium · Canada
MONTREAL, June 8 /CNW Telbec/ - The partnership between De Beers Canada Inc. and DIOS EXPLORATION for over two years has enabled the 33 Carats project to advance to the drilling stage. The 33 Carats PROJECT was funded by De Beers since March 2003 and much value was added to the property over that period. Following a review of the data, De Beers has informed DIOS on June 03, 2005 that it has decided to withdraw from the option agreement. This was a project which De Beers optioned into and where DIOS were the operators. De Beers has spent over $ 1.7 million in exploration to date. Mining claims will be renewed and left in good standing for a year. DIOS will continue to search for the sources of the outstanding kimberlite indicator minerals dispersal trains located on its wholly-owned 33 Carats property, and is looking forward for further business associations with De Beers in the future. Upon reception of the latest till results expected in June-July, DIOS plans to carry out further prospecting, geophysics and drilling this year. "We are pleased with the effort and quality of the work that the DIOS technical team invested in the 33 Carats project and we look forward to working together again in the future," said Martin Doyle, Senior Vice President Exploration for De Beers Canada Inc.
DIOS is a major player in diamond exploration in Quebec with several projects being developed along the favourable Mistissini-Lemoyne Structure that hosts several kimberlites, including the Ashton-Soquem Renards diamondiferous cluster. DIOS recently generated two new projects with significant results aiming at investigating the southern suggested portion of that structure.
The TSX-V Exchange has not reviewedand does not, accept responsibility for the adequacy or accuracy of this, release.