Vancouver, BC - Cream Minerals Ltd. (CMA - TSX-V) ("Cream" or
the "Company") is pleased to announce that it has received
mining licences and permits from the Sierra Leone Department of Mines and
the indigenous Lugbu Chiefdom to proceed with a bulk sampling program on
Cream's exploration licence on the Sewa River in Sierra Leone for diamonds,
gold and other precious minerals.
With an expanded team of experienced placer operators and marine
engineering personnel, Cream has now completed the assembly and testing of
its heavy mineral processing plant for river gravels on its Sewa River licences.
Implementation of the bulk sampling program is expected to start
immediately. The
area being tested is on the same section of the Sewa River as where three
bulk samples totalling approximately 6 cubic meters of diamondiferous
alluvial product were processed in 2007 (the "2007 Bulk
Samples"). The weighted average of the grades of the 2007 Bulk Samples
was 0.55 carats per cubic meter (see Cream's news release dated May 23,
2007), which is comparable to earlier estimates of grades discussed in
reports by the Geological Survey of Sierra Leone. (See Cream's news release
dated December 15, 2006).
The 2007 Bulk Samples were taken from the active sediments of the Sewa
River which is more than 500 meters wide with large islands formed down
stream of several of the diabase dykes that cross the river at right angles
to its course. Water levels in the Sewa River are again exceptionally low
this year, exposing nine of these dykes in sand bars in the downstream part
of the 10-kilometer stretch of the River covered by the mining licence.
Several dykes were discovered on the upstream sector of the mining licence
during the 2007 sampling program. The dykes act as giant natural riffles
across the full width of the river bed, causing the concentration of heavy
minerals such as diamonds and gold.
Other minerals that have been recovered with diamonds from the Sewa River
include lilac coloured garnets, possibly of the pyrope range that are an
indicator mineral for kimberlitic rocks, collanda (a local name for
ilmenite and iron oxide gravel fragments with similar density to the target
diamonds) and fine grained flake gold. A gold recovery circuit is included
in Cream's heavy mineral processing plant.
All precious minerals recovered are to be submitted to Sierra Leone's Government
Gold and Diamond Office (GGDO) and to the Kimberley Process for the
certification of the gems. Following payment of requisite royalties, if
any, to the government of Sierra Leone, as prescribed by the GGDO, Cream
will be able to export and sell its production.
Sierra Leone continues to enjoy a peaceful transition from the chaos of the
late '90s, with support from British peace-keepers, European Community
Agencies and more than 400 NGOs. Recently, Tiffany & Company selected
Sierra Leone (Mine Web September 2007) as a source of supply for rough
diamonds and signed an exclusive five-year marketing agreement with a UK
based AIM listed mining company operating in Sierra Leone. The appearance
of increasing numbers of tourists is an additional marker of the progress
of the country after the recent peaceful election which has returned a
popular new ruling party.
B. Ainsworth, P.Eng, British Columbia, Canada, is the Qualified Person
responsible for preparing this news release for Cream Minerals Ltd.
Frank A. Lang, BA, MA, P.Eng.
President and CEO
For further information, please contact:
Robert Paul, Investor Relations
Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free: 1-888-267-1400
Email: info@creamminerals.com,
or visit the Company's website: www.creamminerals.com
Or,
Catarina Cerqueira, CHF Investor Relations
Tel: (416) 868-1079, Ext. 251 Email: catarina@chfir.com
The TSX Venture
Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of the contents of this News Release. This release has
been prepared by management and no regulatory authority has approved or
disapproved the information contained herein.
Cautionary Language
and Forward-Looking Statements
This press release may contain
"forward-looking statements", which are subject to various risks
and uncertainties that could cause actual results and future events to
differ materially from those expressed or implied by such statements.
Investors are cautioned that such statements are not guarantees of future
performance and results. Risks and uncertainties about the Company's
business are more fully discussed in the Company's disclosure documents
filed from time to time with the Canadian securities authorities.