Diagem recovers pink micro diamond

Diagem Inc. is encouraged to report that one micro-diamond (less than 1mm) with a pink hue was identified at a depth of 63 metres in hole number 14 on Pandrea-02. This is encouraging in that commercial size pink diamonds of significant value have been recovered by artisan miners in the area along with an abundance of lower valued diamonds.

Denis Francoeur, CEO of Diagem commented, the recovery of a pink micro diamond in such a small heavy mineral concentrate from the core is significant. The presence of high counts of visually identifiable, pristine kimberlite indicators in all the holes drilled to date indicate the presence of widespread crater facies kimberlitic units and suggest the presence of underlying feeder zones referred to as diatreme facies kimberlitic rocks.

Geophysical surveys have outlined relatively distinct signatures, and these are now being investigated with a 7,500 metre drill program. The program is primarily designed to define the shape and composition of kimberlite craters while at the same time attempting to intersect the underlying carrot-shaped portion of the kimberlite bodies. As of April 10, 2008, 19 holes totalling 1,400 metres of core drilling have been completed on three of the Chapadao kimberlite targets.

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