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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.: Update on Mothae Diamond Project, Lesotho

21/05/2008 5:00pm

Marketwired Canada


Motapa Diamonds Inc. (TSX VENTURE:MTP) and partner Lucara Diamond Corp.
(CNQ:LUCA) are pleased to provide the following update on progress at the Mothae
kimberlite project in Lesotho. Subsequent to the diamond recovery results
announced on April 21, 2008, processing of three additional samples has been
completed, bringing the total dry tonnes processed to 16,300. This sample
tonnage estimate is based on plant weightometer measurements which require
survey confirmation.


A total of 480 diamonds, together weighing 234.7 carats, have been recovered.
Seventeen diamonds greater than two carats have been recovered and the three
largest stones are 10.24 cts, 8.65 cts, and 7.60 cts.


The diamond recovery process at Mothae involves separating heavy mineral
concentrate into various size fractions and then passing this material over a
continuous grease belt recovery system. All tailings from the grease belt are
retained on site in a secure area. Hand sorting of a limited number of audit
samples of grease belt tailings has demonstrated that a number of diamonds are
not being recovered in this process. As a result, all grease belt tailings will
be reprocessed using an alternative technique in order to complete the recovery
process and more reliably establish diamond grades.


Notwithstanding the inefficiency of the diamond recovery circuit, kimberlite
from the F and G phases of the Mothae pipe have shown the best diamond potential
to date and work is in progress to extract the remainder of the planned 30,000
tonne sample from these two phases. A map showing sample locations can be viewed
on Motapa's website at www.motapadiamonds.com.


Motapa and Lucara are also pleased to report that the Lesotho Ministry of
Natural Resources has approved a one year extension, to June 2009, for the
Mothae Prospecting License held by Motapa.


Pursuant to an option agreement with Motapa, Lucara will fund up to US$10
million to earn up to 70% of Motapa's interest in the Mothae project.


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.


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