| Once the surface work has been completed a minimum of three 500 metre
diamond drill holes should be completed at the best anomalies located
on the known mineralized trend. Any positive results from the diamond
drilling should be followed up immediately by continued diamond
drilling. |
| VANCOUVER, BRITISH COLUMBIA--The Company is very pleased to announce
that it
has re-negotiated a much more favourable agreement to acquire a full
100% interest of the
mineral rights in the Lena/Schuller diamond mine from SP Mining instead
of only a 50%
interest as originally announced. The Company had an option to purchase
an additional 32%
of Diamco (PTY) for another $2 Million. |
| US DIAMOND CORP
***************
Started as a shell company which began trading again at the end of
June as far as the chart goes at stockwatch. Trading from June till
now has been very slim with some large blocks being put in good
hands to maintain a tight float. |
| Late in 1990 two Canadian companies presented the government of Sierra
Leone with a proposal to jointly develop the Koidu diamond prospect
(situated in that west African country’s Eastern Province). One of the
partners was Galactic Resources Ltd., the other was a private entity,
Ivanhoe Capital Corporation, then described as a mining venture capital
company wholly owned by Robert Friedland. |
| Pearl Creek:
************
1) Multiple structures in 2 of 4 previous trenches, thickness
up to 4 feet
2) Ground geophysics indicate 6,200 ft. length
3) proven diamondiferous
4) 3 trenches along 6,000+ ft deposit |
