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| | Tue Aug 16, 2005
Diamondex Acquires Alberta Property
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| | Vancouver, BC -- Diamondex Resources Ltd. ("Diamondex") (DSP-TSX.V) is pleased to announce a significant land acquisition in central Alberta for diamond exploration. The acquisition, referred to as the Pegasus project, is comprised of 120 metallic mineral permits and totaling approximately 2.5 million acres, is centred approximately 185 kilometres northeast of Edmonton (see www.diamondex.net for property location) and was acquired on the basis of kimberlite indicator minerals (including significant concentrations of G10 pyrope garnets, chromite diopsides and ilmenites), as well as interpreted geophysical targets. A major technical review of all existing geophysical information, including aeromagnetic and seismic data, is currently being undertaken and further detailed sampling will commence immediately. A budget of $500,000 has been allocated for this initial program including a limited drill program.
David Clarke, P.Geol., M.Sc., Vice President of Exploration for Diamondex Resources Ltd. is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by Diamondex Resources Ltd.
DIAMONDEX RESOURCES LTD.
"Randy C. Turner"
Randy C. Turner, President
For further information, please contact Diamondex via telephone at
Tel: 604-687-6644 or via E-mail at diamonds@diamondex.net
Diamondex Resources Ltd., P.O. Box 11584, 1410 - 650 West Georgia Street, Vancouver, B.C. V6B 4N8
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. |
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| | You can view the Next News Releases - 2005 item: Thu Oct 13, 2005, Diamondex Updates Lena West, Brodeur and Pegasus Projects
You can view the Previous News Releases - 2005 item: Mon Aug 8, 2005, Drilling Commences on Carat Property
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