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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
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Motapa Reports Bulk Sample Progress, Mothae Project Lesotho

03/03/2009 1:05pm

Marketwired Canada


Motapa Diamonds Inc. (TSX VENTURE:MTP) and partner Lucara Diamond Corp. (TSX
VENTURE:LUC) are pleased to update diamond recovery results for Phase 2 of the
Mothae bulk sample project in Lesotho. Processing of 21,977 dry tonnes of sample
G1C was completed on February 20, 2009 and final diamond recovery is in
progress. Grease belt recovery yielded 2,297 diamonds for a total of 1,108.70
carats and a preliminary sample grade of 5.04 carats per hundred tonnes (cpht).
Grease belt tailings are currently being audited by means of a separate x-ray
recovery circuit and final sample grade for G1C will include the results of this
audit.


Sample G1C has yielded 59 stones greater than 2 carats, 21 stones greater than 5
carats and 1 stone greater than 20 carats. The average size of stones recovered
to date from the sample is 0.48 carats per stone and the largest three diamond
recovered are 22.63, 18.68 and 14.21 carats.


This completes sampling of the G kimberlite domain of the Mothae pipe. Phase 1
and Phase 2 bulk sample results for the G kimberlite domain are summarized in
the following table. Note that final diamond grade results for sample G1C are
subject to results of ongoing audit of grease belt tailings.




                             # of       Total    Carats   Dry Grade
Sample       Dry Tonnes    Stones      Carats    /Stone       (cpht)
-------------------------------------------------------------------
Phase 1
(G1X, G1Z
 and G1XB)        6,199     1,007      408.07      0.41        6.58
Phase 2
(G1C)            21,977     2,297    1,108.70      0.48        5.04
-------------------------------------------------------------------
Totals           28,176     3,304    1,516.77      0.46        5.38



With completion of sample G1C, approximately 82,000 of the planned 100,000 wet
tonne bulk sample have been processed. This material has yielded 167 stones
greater than 2 carats, 50 stones greater than 5 carats, 9 stones greater than 10
carats and 4 stones greater than 20 carats. Included in the plus 20 carat stones
recovered was a broken Type IIa diamond from sample C2C. The largest fragments
of this stone have been reassembled and demonstrate that the original stone
exceeded 45 carats.


Processing of approximately 18,000 wet tonnes from kimberlite domain F has
commenced and is expected to be completed by the end of March. Concurrent with
this work, grease belt tailings from Phase 2 samples E1, C3 and C2C will be
audited by x-ray recovery, and, if deemed appropriate, additional grease belt
recovery efforts.


Preliminary Drilling Program:

A fifteen hole, 2,452 meter core drilling program was completed in early
February. The drill program was designed to support an initial estimate of
global tonnes of kimberlite present to a depth of 200 meters and to provide
geologic information needed to design a more detailed subsequent drilling
program. Modelling of the pipe is currently in progress and results will be
reported in due course.


Conceptual Study

Good progress continues to be made on the conceptual mining study. To date a
preliminary mine plan has been compiled based on assumed tonnages. These figures
will be updated when the results of the drilling program have been reported.
Preliminary designs for the process plant and site facilities have been reviewed
and are being sited on the overall project layout. The cost breakdown structure
is currently being populated with capital and operating costs. The conceptual
study is scheduled to be complete at the end of March 2009.


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

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1 Month Motapa Diamonds Com Npv Chart