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DIANOR RESOURCES INC.: Dianor Resources Inc.: Leadbetter Bulk Sampling Plans Filed With MNDM
VAL-D'OR, CANADA--(Marketwire - March 26, 2009) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Dianor Resources Inc. (TSX VENTURE:DOR) is pleased to announce that it has formally submitted eleven copies of its advanced exploration/rehabilitation/closure plans for the Leadbetter Diamond Project near Wawa, Ontario to the Director Mineral Development and Lands, Ontario Ministry of Northern Development and Mines, (press release March 2nd 2009). Approval of these plans is an Ontario regulatory requirement, before advanced exploration projects are permitted to start.
The bulk sampling programme is designed to excavate up to 50,000 tonnes of diamond bearing conglomerate from two underground ramps located in the Northern and Central Sectors of the property to extract rubies, sapphires and diamonds by on-site DMS processing. Gold will be recovered by use of a Nelson concentrator. It is expected that between 12,000 to 20,000 carats of diamonds will be recovered from the Archean conglomerate to determine diamond grade and pricing. Recovery of rubies, sapphires and gold in conjunction with the diamonds will be used to appraise the feasibility of the project (press release August 21st 2008).
Dianor is an innovative exploration company focused on advancing diamond exploration properties in Canada. The Leadbetter Diamond Project is its most advanced project and is located 12 kilometres north east of Wawa in Northern Ontario. Substantial exploration work has been conducted on the property since 2005 and the Company is in the process of permitting a 50,000 tonne bulk sampling programme. In addition to diamonds, it contains gold, sapphires and rubies (press release January 18th 2007). New diamond discoveries including rare purple diamonds, by the Company in rocks of similar type, age (Archean) and geological settings (press release March 3rd, April 10th, & May 13th 2008) in Quebec have added further diamond properties to our portfolio of low cost, accessible exploration targets. These diamond discoveries (Ontario and Quebec) are both unique and amongst the oldest diamond bearing occurrences in the world.
Mr. Carl Verley, P.Geo is the Qualified Person responsible for the technical contents of this press release.
You can also visit our Web Site: [ www.dianor.com ]
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to United States Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
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