Moydow Mines International Inc.: Progress Report on the Dala Diamond Project in Angola.TORONTO -- Brian Kiernan, President & 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. , of Moydow Mines International Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :MOY MOY Man of the Year MOY Minister of Youth ) (AIM:MOY) announced that Moydow has undertaken a ground geophysical survey Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. on the Dala project in Angola and has identified several targets which bear all the hallmarks of kimberlitic style gravity signatures. The property is just south of Saurimo in northern Angola and is bordered to the west and east by the BHP/Petra Diamonds' Alto Cuilo and Muriege diamond properties, respectively, and is 40 kilometres south of the Catoca Mine, the world's fourth largest diamondiferous kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. pipe. Recently, Moydow completed an airborne geophysics survey over the property. This survey was done by the Council for Geoscience ge·o·sci·ence n. Any one of the sciences, such as geology or geochemistry, that deals with the earth. ge (formerly the Geological Survey of South Africa) and identified about 70 targets on the property which warrant followup work. Following completion of the airborne work, a ground geophysical survey comprising magnetics and gravity was initiated in mid January 2006. A promising target area was identified in the northern portion of the Dala concession. Diamonds were recovered from a number of sampling pits in this target area during the course of an extensive sampling programme conducted during the 1970s by Diamang, the Portuguese state mining company. Recent soil and stream sediment sampling revealed significant concentrations of kimberlitic indicator minerals with little evidence of abrasion, suggesting a nearby primary source. As the region is blanketed by Tertiary sand, geophysical methods are required to map the bedrock geology. A ground gravity survey was selected as this method has proved to be very effective in locating kimberlite pipes in Angola, where thick crater-fill and deep weathering produce strong anomalies. Gravity measurements on 100 x 100 metre grid spacing produced a discrete anomaly. The dimensions, shape and intensity of the anomaly - of about 8 hectares - are similar to those expected from kimberlite pipes in this region. Moydow will investigate the gravity anomaly by diamond drilling in the next few weeks. Moydow Mines is engaged in the acquisition, exploration and development of mineral properties worldwide. Corporate information is available on the Company's website www.moydow.com The Company is listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and the Alternative Investment Market (AIM) of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. under the symbol "MOY". "Signed" Brian Kiernan, President and Chief Executive Officer Moydow Mines International Inc. (TSX:MOY) (AIM:MOY) |
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