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MOY Moydow Mines

49.50
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Moydow Mines LSE:MOY London Ordinary Share CA62472V1004 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 49.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Moydow Discovers Fourth Kimberlite at Dala

09/09/2008 3:58pm

UK Regulatory


    RNS Number : 0727D
  Moydow Mines International Inc
  09 September 2008
   
       
    Moydow Discovers Fourth Kimberlite at Dala Diamond Project

    FOR IMMEDIATE RELEASE           

    September 9, 2008

    Toronto, Canada : Brian Kiernan, President and CEO of Moydow Mines International Inc. ("Moydow" or "the Company") today announced that
Moydow has intersected another kimberlite on the Dala licence in Angola. This new discovery is in addition to the three kimberlites already
identified at Dala, bringing the total number so far discovered to four.

    So far, a total of eleven anomalies have been drilled at the Dala Project, and of these, six were considered high priority primary
targets. Of these six high priority targets which have been drilled, four have now intersected kimberlite, one was abandoned due to ground
conditions before reaching target depth and one returned negative results.

    This new drill hole, PD11 was drilled on target anomaly G84 and intersected kimberlite at a vertical depth of 143 meters.

    There remain in excess of twenty primary anomalies to be drilled on the Dala Project in this current drilling programme.

    As with previous drill holes, the core from will be split and samples sent for analysis for G-10 garnets and micro diamonds. Results of
these analyses will be provided as soon as they become available.

    Mr Kiernan said "The Dala project continues to produce tremendously positive results. The rate at which drilling is confirming the
existence of kimberlites is testament to the prospectivity of the licence and the abilities of the geological staff on the ground. With so
many anomalies remaining to be drilled, we are extremely excited for the future at Dala."

    The Dala licence comprises some 3,000 square kilometres and is located in the Lunda Sul province of north-eastern Angola, immediately
adjacent to the city of Saurimo. The licence is 40 kilometres south of the Catoca Mine, the world's fourth largest diamondiferous kimberlite
mine, and is adjacent to Petra Diamond's Alto Cuilo property. 

    The drilling programme and evaluation are under the supervision of Ebo Bakker, a Professional Geologist, and "Qualified Person", as
defined under NI 43-101, and is responsible for the technical information presented in this news release. Progress reports on the drilling
programme will be released on an on-going basis as results become available.  

    Moydow Mines is engaged in the acquisition, exploration and development of mineral properties worldwide. Corporate information is
available on the Company's website www.moydow.com. Moydow Mines International Inc is listed on the Toronto Stock Exchange and the AIM Market
of the London Stock Exchange under the symbol "MOY". For further information please contact Michael Power, Vice President, Corporate
Development at 416-703-3751. 

    On behalf of the Board of Directors
    "Signed"                     
    Brian Kiernan, President and Chief Executive Officer




This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
MSCFKCKPQBKDOCK

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