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CMKM Diamonds, Inc. Announces Kimberlite Ore Discovery
LAS VEGAS, Mar 29, 2004 (BUSINESS WIRE) --
CMKM Diamonds, Inc. (Pink Sheets:CMKX) is pleased to announce kimberlite ore discovery, that joint efforts of CMKM Diamonds, Inc., being the primary operator of the claims, United Carina Resources Corp. (UCA) CDNX, Consolidated Pine Channel Gold Corp. (KPG) CDNX and U.S. Canadian Minerals, Inc. (OTCBB:UCAD) have successfully intersected kimberlite ore at their jointly owned Smeaton property located in Saskatchewan, Canada.
Kimberlite ore was intersected at a depth of 410-547 feet and was still being recovered beyond 547 feet, with an anticipated target depth of 1,000 feet at the Smeaton claims, held jointly by the four companies previously mentioned. Senior geologist, Ralph Newson (who is currently overseeing the project) was on-site Sunday afternoon and has confirmed the presence of kimberlite ore through a preliminary analysis of the diamond drill core. Although it is too early for specifics on the mineral content and/or the possibility of diamonds, the preliminary test was very encouraging. The kimberlite pipe is consistent with other diamondiferous kimberlite bodies located in close proximity on a northwest trend in the Smeaton area, located north of Fort a la Corne, Saskatchewan. The new kimberlite discovery will be named, "The Carolyn Pipe," after Urban Casavant's wife and all additional kimberlite discoveries will be named after individuals rather than given a number.
Urban Casavant, President, and Corey Klassen, Vice President, at a tele-conference board of directors meeting, mutually and respectfully announced they are pleased to be working with a dedicated team, such as this joint venture, for the project, which we all have common goals and interests. Mr. Casavant stated, "Without everyone involved from our shareholders to United Carina, Consolidated Pine Channel, U.S. Canadian Minerals, Mr. Ralph Newson, Dennis Miller and the drill crew (which have the combined experience of over 100 years and have been working around the clock) and all the others who made this happen, it would have been nearly impossible to achieve such a great accomplishment, such as this. We are looking forward to a long and lasting relationship, to continue our progress forward, and are aggressively pursuing additional drill permits for the next 14 priority drill targets already planned within the upcoming weeks for just the Smeaton area. Thank you for your patience and support."
Updated video footage of the kimberlite ore will be available on the Corporate website and/or additional information on kimberlite, visit www.casavantmining.com.
There is no guarantee that further exploration or drilling will produce any economic benefit to the Company or the shareholders of the Company.
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