NEW YORK, June 3, 2004 (PRIMEZONE) -- Otish Mountain Diamond Company, Inc. (OTCBB:OMDC) an American diamond exploration company with rights to 75,000 acres of mining claims for diamond exploration activities located in Northern Quebec, Canada, announces encouraging results in the executed high-resolution airborne magnetic survey on all staked mining claims.
The Company is in its exploration stage and has conducted airborne magnetic surveys over the 75,000 acres of Otish Mountain claims. Approximately 30 geophysical anomalies have been identified and ground samples are expected to be taken during the summer of 2004. The samples will be further tested for micro-diamond content in laboratories associated with the project
Max Pozzoni, President and CEO of Otish Mountain Diamond Company commented, "This is the first and most crucial step in our exploration program. By carrying out these aerial high-resolution magnetic surveys, we are one step closer to realizing the full potential of our properties. These findings are very exciting and we anticipate much more to come with the results from our ground sampling program."
About Otish Mountain Diamond Company
Otish Mountain Diamond Company, founded in August 2003, is an exploration company conducting diamond exploration activities in the Northern part of Quebec. The Company's claims encompass approximately 75,000 acres among 8 different properties in the Otish Mountains region and are located in under-explored areas next to significant diamond discoveries. Geologists believe that there is good potential for the discovery of diamond bearing kimberlites at these sites due to their geological settings and close proximity to the industry leaders valuable diamond discovery sites of Ashton Mining, and the exploration sites of Majescor and Dios (in partnership with DeBeers of South Africa).
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