CMKM Diamonds Inc (fka CMKX)

[Tim71]

SUB it's the 3rd paragraph. I may have misread it, assuming 2 different labs...Sorry Tim

LAS VEGAS, May 27, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc. (Pink Sheets: CMKX) is pleased to announce that the Company has completed the first phase of drilling of the "Carolyn Pipe" in the Fort a la Corne, Saskatchewan area. Five holes were drilled, of which four intersected kimberlite.

Drill hole #1 intersected 428 feet of kimberlite. Drill hole #2, north of hole #1, intersected about 246 feet of kimberlite. Drill hole #3, east of hole #1, did not intersect any kimberlite. Drill hole #4, west of hole #1, intersected 206 feet of kimberlite. Drill hole #5, north of #4, hole approx. 226 feet of kimberlite, although there is a 15 foot interval of mudstone in the kimberlite, which may be a layer of sediment laid between two episodes of kimberlitic volcanism. Thinner layers of mudstone in the kimberlite in other holes may also be either blocks or layers of sediment.

The kimberlite intervals from holes #1 and #2 have been split and half of the core has been sent to an independent laboratory for microdiamond analysis by total dissolution. The results are expected soon and further work on the "Carolyn Pipe" will depend on those results.