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MTP Motapa Diamonds Com Npv

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0.00 (0.00%)
Share Name Share Symbol Market Type
Motapa Diamonds Com Npv TSXV:MTP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Motapa Diamonds Inc.: Gabon Uranium Exploration

25/03/2008 12:00pm

Marketwired Canada


Motapa Diamonds Inc. (TSX VENTURE:MTP) ("Motapa"), is pleased to report that an
$800,000 uranium exploration program has been approved by Motapa and its Joint
Venture Partners Pitchstone Exploration Ltd. (TSX VENTURE:PXP) ("Pitchstone"),
and Cameco Corporation (TSX:CCO)(NYSE:CCJ) ("Cameco"). Work planned includes
stream sediment sampling, rock sampling, prospecting, geological mapping and
airborne electromagnetic surveying. Approximately 660 rock and sediment samples
have been collected in 2008 to date.


Cameco and Pitchstone are funding exploration for uranium on Motapa's permits in
the Franceville Basin to earn up to an 80% participating interest. The permits
cover approximately 600,000 hectares of the Franceville Basin in east-central
Gabon (see map on www.motapadiamonds.com). The work is being carried out by
Motapa under the technical direction of Cameco and Pitchstone.


The Proterozoic Franceville Basin is geologically similar to the Hornby Bay and
Athabasca basins of Canada. Deposits in the Oklo-Mounana district of the
Franceville Basin have produced in the order of 100 million pounds of U3O8
ranking it as one of the world's most significant uranium districts. The
Oklo-Mounana deposits are located 25km southeast of Motapa's property boundary.


Steve Blower, P.Geo., Vice President of Exploration for Pitchstone, is the
Qualified Person for the purposes of NI 43-101 with respect to the technical
information in this news release.


Motapa is among the leading diamond explorers in Africa. Motapa has interests in
diamond prospective properties located in Lesotho, Botswana and Namibia in
addition to its permits to explore for uranium, gold and manganese in Gabon.


On behalf of the Board

MOTAPA DIAMONDS INC.

Dr. Larry Ott, Chief Executive Officer

This news release may contain assumptions, estimates, and other forward-looking
statements regarding future events. Such forward-looking statements involve
inherent risks and uncertainties and are subject to factors, many of which are
beyond the Company's control that may cause actual results or performance to
differ materially from those currently anticipated in such statements.


1 Year Motapa Diamonds Com Npv Chart

1 Year Motapa Diamonds Com Npv Chart

1 Month Motapa Diamonds Com Npv Chart

1 Month Motapa Diamonds Com Npv Chart