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Friday, 08/20/2004 9:49:43 PM

Friday, August 20, 2004 9:49:43 PM

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i know its old but........ www.patriciandiamonds.com.



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Press Release Source: Patrician Diamonds Incorporated


Patrician Diamonds: More Kimberlitic Indicator Minerals in the Yukon.
Tuesday June 1, 10:24 am ET


TORONTO, ONTARIO--(CCNMatthews - Jun 1, 2004) -
Blackwater, NT, Hi-Res. Geophysics Soon

The following is an update of some of Patrician's active projects in northern Canada:

Blackwater Lake

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A high-resolution magnetic survey totaling 1,315 line km was flown in May over part of Patrician's Blackwater Lake Project. The helicopter-borne survey, carried out by Fugro Airborne Surveys Corp. using their state-of-the-art MIDAS technology, covered the assumed head area of the numerous indicator mineral dispersion trains identified on the property. The trains are characterized by elevated indicator counts (upwards of 1,500) in basal till. A significant portion of the garnets retain fragile surface textures, suggesting close proximity of the source of the diamonds. High-interest eclogitic garnets and chromites with diamond inclusion chemistries have been reported from the sampling program.

The north-south trending lines were flown every 100 m, with a nominal terrain clearance of 20 m above ground. Interpretation of the data, conducted by a qualified geophysical consultant, should be available next week. It is planned that the highest priority anomalies selected from the survey will be investigated on the ground later in the summer and the best targets test-drilled this fall.

Yukon

The Saskatchewan Research Council's laboratories in Saskatoon have recovered additional kimberlitic indicator minerals from the regional sampling campaign carried out in the fall of 2003 in the Yukon. Detailed mineral chemistry received from R. L. Barnett Geological Consulting confirmed the presence of G9 pyropes, picroilmenites, forsteritic olivines, chrome diopsides and magnesium-chromites. Please note that only a small fraction of the concentrates was observed for indicator minerals. It is of interest, that apart from a single pyrope, all of the pyropes (maximum count of 8), picroilmenites (maximum count of 3), and the bulk of the forsteritic olivines were found only in the diamond positive samples. This strong correlation between diamond and kimberlitic minerals suggests that the source rock is likely to be kimberlite, rather than non-traditional lithologies. Additional indicator results are pending. To summarize the diamond results obtained to date, a total of 11 stones,
the largest 1.04 x 0.80 x 0.72 mm in dimension, were recovered from six different large volume samples, all from one discrete river/glaciofluvial drainage system. A follow-up sampling campaign is planned for July-August.

New Property

The Company is in the process of staking and sampling a new property. As it may take up to sixty days for the claims to be confirmed, news on this highly prospective property, as with the efforts in the efforts in the Yukon, may not be forthcoming as soon as the Company would like.

Jacques Letendre, Professional Geologist, is responsible for the conduct and design of the company's exploration programs, as well as for the quality assurance of analytical results and their verification.

For maps and additional information about property location and technical details, please visit Patrician's web site at www.patriciandiamonds.com.


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Contact:

Patrician Diamonds Incorporated
Robin B. Dow
President
Phone: 1-888-834-7708
email: rdow2563@rogers.com
www.patriciandiamonds.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.



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Source: Patrician Diamonds Incorporated


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