VANCOUVER, British Columbia, June 17, 2004 (PRIMEZONE) -- Diamond Discoveries International Corp. has sent its first batch of supplies and equipment by ship to George River in northern Quebec in preparation for mobilization of crews and drill to its Torngat Mountains property. The company has budgeted one million five hundred thousand dollars ($1,500,000) for a summer drill program and mini bulk sampling program on the property. The drill program will be testing the several kimberlite pipe targets which form small round lakes on the property. The bulk sampling program will be testing the various phases of the Champagne pipe and the larger kimberlite dykes. Samples from both the drilling and bulk sampling programs will be sent to Saskatchewan Research Council for caustic fusion analysis for diamond content.
"Based upon independent laboratory data, the company has several defined drill targets," said John Kowalchuk, CEO of Diamond Discoveries. "We are quite excited about starting the first major test of the diamond content of the favourable rocks and structures on our property."
Preliminary results from the drilling will indicate the geology of the suspected pipes. These results will be released sometime late in the summer. The caustic fusion results are expected sometime before the end of the year.
"John Kowalchuk" John Kowalchuk, President, CEO
About Diamond Discoveries International Corp.
Diamond Discoveries International Corp. is a U.S company with its executive office in Vancouver, British Columbia. The diamond exploration company is focused on exploring mineral resources on its approximately 115,000-acre (180 sq. miles) Torngat property, located in northern Quebec.
Forward-Looking Statement
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with U.S. securities regulatory authorities.