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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 Reports Interim Bulk Sample Results and Initiation of Conceptual Mine Study, Mothae Project, Lesotho

19/11/2008 6:00pm

Marketwired Canada


Motapa Diamonds Inc. (TSX VENTURE:MTP) and partner Lucara Diamond Corp. (TSX
VENTURE:LUC) are pleased to report diamond recovery results for the first sample
of Phase 2 of the Mothae bulk sample project in Lesotho. Processing of
approximately 9,500 tonnes from the C2 kimberlite domain, sample C2C, yielded
568 diamonds for a total of 355.74 carats and a preliminary sample grade of 3.74
carats per hundred tonnes (cpht). All grades are reported on the basis of dry
sample weight. The preliminary sample grade for C2C is consistent with two
samples from the C2 domain processed in Phase 1 of the bulk sample program, C2A
and C2B, which yielded sample grades of 2.81 and 4.67 cpht respectively.


Diamond recoveries were made using a continuous grease belt, for which operating
parameters have been modified and improved between phase 1 and phase 2 of the
bulk sample program. Tailings from the grease belt recovery circuit are retained
and will be audited by means of a separate x-ray recovery circuit. Final sample
grade for C2C will integrate results of this audit, together with finalized
survey tonnage.


Sample C2C produced 28 stones greater than 2 carats and 11 stones greater than 5
carats. The average stone size for the sample is 0.63 carats per stone and the
largest three diamonds recovered are 23.39, 11.68 and 9.73 carats.


Processing of approximately 10,000 tonnes of kimberlite from the C3 pit,
covering a portion of the pipe that was not sampled in Phase 1 of the bulk
sample program, is underway and results will be reported in due course.


Motapa and Lucara also report the initiation of a conceptual study to determine
the requirements to establish a diamond mine at Mothae. Mineral Services Canada
of North Vancouver has been retained to develop a resource model and JDS Mining
and Energy of Kelowna, British Columbia has been retained to develop reserve
estimates and a mine design. ADP Projects (Pty) Ltd of Cape Town has been
retained as manager of the conceptual study and will develop a proposed overall
mine site layout, infrastructure requirements and process and recovery plant
flowsheets.


Lucara General Manager William Lamb noted: "Site development during Phase II has
gone extremely well with mining and processing facilities being established to
support the long term development of Mothae, while the encouraging grade results
continue to exceed original expectations. The conceptual study will provide high
level information which will be used to support ongoing project advancement and
evaluation."


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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