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MTP Motapa Diamonds Com Npv

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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.: Mothae Diamond Project, Lesotho-Additional Phase 1 Bulk Sample Results

26/08/2008 2:00pm

Marketwired Canada


Motapa Diamonds Inc. (TSX VENTURE:MTP) and partner Lucara Diamond Corp. (TSX
VENTURE:LUC) are pleased to announce completion of an audit of diamond recovery
tailings from the Phase 1 bulk sampling program at the Mothae project in
Lesotho. Reprocessing of diamond recovery tailings resulted in recovery of an
additional 620.92 carats of diamonds in 1,851 stones. This brings the total
diamond recovery from the Phase 1 program to 1,204.45 carats in 3,160 stones.
Based on revised survey and weightometer data, total kimberlite tonnage
processed in Phase 1 was 24,655.46 dry tonnes, resulting in a revised overall
grade estimate of 4.89 carats per hundred tonnes (cpht) for the sample. A total
of 58 stones greater than 2 carats, and 13 stones greater than 5 carats have
been recovered with the largest three diamonds being 10.24, 8.65 and 8.51
carats.


Samples from various kimberlite domains within the Mothae pipe produced
considerable variation in diamond grades. The general distribution of these
kimberlite domains at the surface can be viewed on Motapa's website at
www.motapadiamonds.com. One sample from each of the F and G domains, located in
the southeast part of the pipe produced sample grades of 6.85 cpht and 6.58 cpht
respectively. Two separate samples from the C2 domain which occupies the central
portion of the pipe produced grades of 4.66 cpht and 2.81 cpht. A sample from
the A1 domain located on the southeast margin of the pipe produced 2.84 cpht,
and one sample from the C1 domain located on the western margin of the pipe
produced 2.38 cpht. Within the Mothae pipe, the relative volumes of each of the
kimberlite domains are not well understood at this stage and so the indicated
grade of 4.89 cpht represents an average grade of the Phase 1 bulk sample and
not necessarily an average grade for the entire pipe.


The tailings audit process consisted of multiple passes of diamond recovery
tailings through the process plant's continuous grease belt followed by
re-processing the tailings through a Debex EVE x-ray recovery unit, that was
mobilized to the site for this audit. Operating parameters for the grease belt
were modified based on diamond recovery characteristics observed during the
initial processing and this has resulted in substantially increased diamond
recovery efficiency. These improvements in recovery efficiency are being carried
through for processing in Phase 2 of the bulk sampling operation.


Phase 2 of the bulk sampling program, in which up to an additional 70,000 tonnes
of kimberlite will be processed, has commenced. Mining and stockpiling of
kimberlite is in progress. Certain modifications to the process plant are also
underway and it is expected that kimberlite processing and diamond recovery will
commence in the first half of September.


Dr. Larry Ott, CEO of Motapa, commented that "we consider the results of this
audit to be outstanding, with the indicated diamond grade for this sample
greatly exceeding our expectations. The improved diamond grade, together with
the coarse stone size distribution of Mothae diamonds substantially increases
our confidence in Mothae's economic potential."


The sampling program is being carried out under the supervision of Dr. Tom
Nowicki of Mineral Services Canada, a Qualified Person in terms of NI43-101.


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.


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1 Year Motapa Diamonds Com Npv Chart

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1 Month Motapa Diamonds Com Npv Chart