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Re: News Release - Wednesday, December 19, 2007
Loon River Property Update
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Vancouver, B.C. - Diamondex Resources Ltd. (DSP-TSX.V) ("Diamondex")
and Shore Gold Inc. (SGF:TSX.T) ("Shore") are pleased to provide an
update for the Loon River property located in northern Alberta. (See
www.diamondex.net for project location and description.)
A review of 1998 regional airborne magnetic data led to the
identification of four highly prospective geophysical anomalies on Loon
River First Nations reserve lands. These anomalies were confirmed by
both ground magnetic and ground gravity surveys conducted in late
September 2007. It is expected that the 2008 Buffalo Hills Exploration
Program (see December 6, 2007 press release) will include the drilling
of one of these targets.
The reserve lands constitute approximately 17,000 hectares and occupy a
significant unexplored area within the Buffalo Head Hills kimberlite
field. To date 38 kimberlites have been discovered on the Buffalo Hills
property of which 26 are diamond bearing.
Diamondex Resources Ltd. is the Operator of the Buffalo Hills Joint
Venture on behalf of joint venture partners Shore Gold Inc., EnCana
Corporation and Pure Diamonds Exploration Inc.
David Clarke, P.Geol., MSc., Senior 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 Salimah Lalli at 604-687-6644 or
diamonds@diamondex.net
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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Copyright (c) 2007 DIAMONDEX RESOURCES LTD. (DSP) All rights reserved.
For more information visit our website at http://www.diamondex.net/ or
send mailto:diamonds@diamondex.net
Message sent on Wed Dec 19, 2007 at 7:56:54 AM Pacific Time
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