NEW YORK,
Dec. 2 /PRNewswire/ - Diamond
Discoveries International Corp. (DMDD:PK), a U.S. company focusing
on chromium, platinum group elements(PGE) and gold exploration on
it's 100% owned Caribou Property in Thetford Mines, Quebec, Canada is pleased to
announce the acquisition of an additional 41 mineral
claims totaling 2,460 hectares on the northeast corner of the
existing property adjacent to Nevado Ventures (TSX-V:VDO) and less
than 2 miles from Bowmore Exploration Limited (TSX-V:BOW).This
acquisition brings the total land package to 143 claims
representing 6,236 hectares.
A press release issued on October 12, 2010 by Bowmore Exploration Limited
(TSX-V:BOW) titled, Bowmore Outlines Broad Gold Anomalies in
Southern Quebec, stated that their
"Exploration program initiated in late 2009, that targeted the belt
for near-surface, bulk tonnage, sediment hosted deposits of similar
type as Kinross' Paracatu mine in
Brazil (reserves of 1,430 million
tons grading 0.40 g/t Au for 18 million ounces gold),or the Russian
Sukhoi Log deposit, containing total unclassified resources of
approximately 48 million ounces gold grading 2 g/t Au."
Diamond Discoveries plans to continue on its
exploration program that it commenced in 2008 that resulted in high
chromium values in multiple areas. Six(6) samples from the American
Chrome Junior Showing returned composite assays of 10.72%Cr203 over
5 meters and .4g/t PGE (platinum, palladium and rhodium).This
composite included a 1 meter grading of 21.47% of Cr203 and .5g/t
PGE.
In addition to chromium the Company also has
gold discovery potential on its Caribou Property. One grab sample
returned grade of 12,3 g/t Gold and 60g/t Silver and 2.9% Copper on
the northeast part of the property(GM 22358 Assessment Report from
MRNF).
Plans for 2010-2011 include additional surface
sampling and phase one drilling of 3-5 targets totaling 1-2,000
meters for chromium values and 3-5 targets totaling 1-2,000 meters
for gold values.
Thetford Mines and the Southern Quebec
Appalachian Belt have a century long history of mining and are
known for their numerous chromite, asbestos and copper deposits.
The region was the site of Canada's first placer gold rush on the
1850's, decades before the Klondike in the Yukon.
"The recent announcement by Bowmore Exploration
confirms the gold potential in the Southern Quebec Appalachians,"
said Antonio Sciacca CEO of DMDD, "Even though chromium is still
our main focus, we are excited that the area has turned into a
major gold play target led by Bowmore."
The Company is also pleased to announce that it
has retained the services of Mr. Martin R De Bono as its VP of
Corporate Development and Investor Relations. Mr DeBono has been in
the Financial Services industry for over 25 years focusing on high
net-worth individuals and families.
The technical content of this press release has
been reviewed and approved by Bertrand Brassard, P.Geo., a
Qualified Person under the quidelines of National Instrument
43-101
About Diamond Discoveries International
Corp.
Diamond Discoveries International Corp. is a
U.S. exploration company with executive offices in New York, NY and
Burlington, Ontario. Since inception it has been focused on
diamonds, chromium, PGE (platinum, palladium and rhodium) and gold.
In June of 2008 the company received a NI 43-101 technical report
on its Caribou Property, Thetford Mines, Quebec.
For further information on Diamond Discoveries,
visit http//www.diamonddiscoveries.com/.
Forward-Looking Statements
This news release contains discussion of items
that may constitute forward-looking statements within the meaning
of securities laws that involves 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.
Diamond Discoveries International Corp.
Martin R De Bono
VP of Corporate Development/Investor Relations
289-288-5300
MDeBono@diamonddiscoveries.net
SOURCE Diamond Discoveries International Corp.
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