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OVER 900 RED, PINK RUBIES FOUND DURING EXPLORATION FOR DIAMONDS IN NORTHEASTERN QUEBEC, CANADA
New York, June 4, 2002 -- Diamond Discoveries International Corp. reports that a detailed examination of samples taken during an exploration program in northeastern Quebec, Canada, yielded more than 60 red-ruby corundums and over 900 pink corundums.
FOR IMMEDIATE RELEASE
OVER 900 RED, PINK RUBIES FOUND DURING EXPLORATION FOR DIAMONDS IN NORTHEASTERN QUEBEC, CANADA
New York, June 4, 2002 -- Diamond Discoveries International Corp. reports that a detailed examination of samples taken during an exploration program in northeastern Quebec, Canada, yielded more than 60 red-ruby corundums and over 900 pink corundums.
Twenty of the red-ruby corundum grains have two dimensions of at least 2 mm. The remaining red and pink corundum grains measured 0.5 mm to 1.0 mm. The samples examined were obtained from a dyke traced for four miles that also remains open for possible further extension.
The ruby corundums were initially identified by Lakefield Research Laboratory in Ontario, Canada, and verified by the Gemological Institute of America in New York. Corundum" is the mineral for both rubies and sapphires. Red-colored corundum identifies rubies; blue corundum is a sapphire. Corundum is the worlds hardest mineral after diamond with a hardness of 9.0 on the Mohs scale.
The ruby is the rarest of the ‘big three colored gemstones – rubies, sapphires and emeralds. High-quality rubies are more rare than diamonds and can be more valuable as gems. Rubies have been prized for centuries. Production of rubies comes principally from Burma, Thailand, Sri Lanka and East Africa.
Diamond Discoveries International has acquired six exploration permits covering almost 80,000 acres in Torngat, Quebec. Exploration has included surface prospecting, geological mapping and microscopic studies of stream-sediment sample concentrates. Sampling was successful in locating heavy minerals including pyrope garnets (G10) and chrome diopsides which identify the presence of kimberlite dykes.
Indicator minerals found in association with dykes on the Torngat property are comparable to kimberlite minerals found in the Lac de Gras region of the Northwest Territories in Canada where a large diamond mine has been developed. The Torngat indicator minerals also are comparable to most kimberlite minerals found worldwide. Numerous diamond-bearing dykes also have been located as part of the Torngat project.
A Diamond Discoveries International registration statement on form SB-2 recently was deemed effective by the U.S. Securities and Exchange Commission. A form 211 has been submitted to the Nasdaq Regulations Inc. on behalf of the company in order to initiate trading of its common stock on the OTC/BB.
Diamond Discoveries International Corp. is an American company engaged in the business of mineral exploration in Canada. The companys current focus is on the Torngat region in northeastern Quebec, where it is following up on earlier exploration which also resulted in a diamond discovery. Two samples were processed in 2000 at the independent Lakefield Research facility. A 24.65 kilogram sample yielded two diamonds weighing a combined 0.015 carats and a 30.22 kilogram sample yielded eight diamonds with a total weight of 0.001 carats.
The company plans to continue extensive surface exploration to further evaluate these diamond and ruby discoveries and the remainder of its exploration permits.
Further information about Diamond Discoveries International is available on the Internet at www.diamonddiscoveries.com.
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Media Contacts:
Tom Franzone
tfranzone@diamonddiscoveries.com
Phone: 212.741.8934
Jan Krol
jkrol@usautocom.com
Phone: 248.647.8621
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