China Diamond Corp. Finds Third Diamondiferous Kimberlite Pipe at its Producing Mine.LONDON -- China Diamond Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation ) is pleased to announce the confirmation of a third diamondiferous kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. pipe, which has been named the 'Invisible Pipe' at the 701 Changma Mine. The 701 Mine recently completed an exploration cross-cut on the 120 Level - the current production level reached in the mine - to confirm the presence of the 'Invisible Pipe.' In addition, the recent completion of the three-dimensional modeling of the exploration and mining data for the 701 Mine has enabled the Company to extrapolate extrapolate - extrapolation the drill intersections to better define the geometry of the 'Invisible Pipe,' which is located only 40 metres south from the 'Small Pipe.' However, given the limited amount of exploration drill data in this area, the Company believes there is excellent potential to increase the size of the modeled pipe, and therefore, add to the current mineral resource base. A photo of the cross section of the 701 Changma Mine is available on CCNMatthews' website at: http://www2.cdn-news.com/database/fax/2000/Changma0816.jpg The Company is planning to complete additional core drilling to define the geometry of the 'Invisible Pipe,' and to complete an exploration/development raise from the 110 Level to the 120 Level to collect a bulk sample. The Company believes that bulk sampling of the 'Invisible Pipe' is required to better define the diamond size distribution and diamond value prior to estimating the Mineral Resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with 43-101 regulations. "The Company is pleased with the recent modeling results. These clearly indicate the pipe will significantly increase the mineral resources of the mine" says Sam Halbouni, Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The Company will continue its exploration on this pipe and the surrounding area to maximize the potential of this mine and add to its mineral resources." Mr. Michaud, Vice-President of Exploration, is the Company's qualified person for this project as defined by National Instrument 43-101 regulations. ABOUT CHINA DIAMOND CORP. Headquartered in London, Ontario, China Diamond Corp. (www.chinadiamondcorp.com) is a junior resource company engaged in mining for diamonds and the exploration and advancement of diamond and gold prospects in China. The Company trades on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol "CDC." THE TSX VENTURE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF THE CONTENTS AND HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENT OF THIS NEWS RELEASE. |
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