Freegold Limited press release
Diamcor Mining Krone-Endora Project information update
TSX - Toronto Stock Exchange · Gold · Copper · Tungsten · Silver · Cobalt · Molybdenum · Arsenic · Canada
/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES, TO "U.S. PERSONS" OR TO UNITED STATES OF AMERICA NEWS SERVICES./
TSX.V Symbol (DMI)
KELOWNA, BC, March 3 /CNW/ - Diamcor Mining Inc. (TSX-V:DMI) (the "Company") is providing the below link to a general project information update on the previously announced Sale of Assets agreement between the Company, as purchaser, and De Beers Consolidated Mines Limited ("De Beers"), as seller, with respect to the Krone-Endora Alluvial Diamond Project (the "Project"). The information is designed to assist shareholders in understanding the Project, the type of deposit involved, its relationship to the Venetia mine, and its differences when compared with traditional alluvial projects. In providing shareholders with a better understanding of the Project, the Company believes it will assist them in their review of the more specific information and references to certain project areas and elements which will be forthcoming when available in the following weeks and months. Due to the fact that various images and diagrams in the general project information being supplied are not able to be imbedded into a general news release such as this, the Company has posted the information on its website and interested parties can simply click the following link to view the complete information being supplied with images and diagrams.
http://media.integratir.com/V.DMI/PressReleases/KE%20Update%20(F).pdf
"The above information on the Krone-Endora acquisition should provide investors with a better understanding of the Project", stated Mr. Dean H. Taylor, CEO of Diamcor Mining Inc. "We view the Project as a tremendous opportunity for both Diamcor, and our BEE partners Nozala, and we look forward to providing additional project details and information on the progress of the acquisition as they become available", added Mr. Taylor.
As noted in previous releases, the proposed acquisition is subject to the satisfaction of certain conditions of closing, including regulatory, and TSX Venture Exchange final approval.
Diamcor Mining is a junior resource company with established operations and production history in South Africa. The Company is determined to use this established operating history and industry knowledge to achieve economic production of diamonds through the development and/or acquisition of quality properties in the region.
On behalf of the Board of Directors
Mr. Dean H. Taylor CEO Diamcor Mining Inc.
QUALIFIED PERSON
Mr. James P. Hawkins, BSc., P.Geoph., Manager Exploration & Special Projects for Diamcor Mining Inc., is the Qualified Person in accordance with National Instrument 43-101 responsible for overseeing the execution of Diamcor's exploration programs and property reviews and for verifying that the information presented in this release, and in the associated project update information linked to this release and posted on the Company website, is an accurate summary of information. Mr. Hawkins is a Member of the Association of Professional Engineers, Geologists, and Geophysicists of Alberta ("APEGGA"), and registered as a Professional Geophysicist.
This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company's ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.
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The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.