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Non-Tech : Brazilian Diamonds Ltd (BDY.TO)

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To: Dale Kohler who started this subject4/3/2004 10:38:11 PM
From: Dale Kohler  Read Replies (1) of 14
 
Brazilian Diamonds Limited - Drilling Results Extend Gold Zone at Cata Preta Gold Project, Brazil
Monday February 9, 8:30 am ET

VANCOUVER, Feb. 9 /CNW/ - Brazilian Diamonds Limited has received encouraging news from its joint venture partner on the Cata Preta Gold Project in Minas Gerais, Brazil. Hidefield plc announces that it has received gold analyses from the first two drill holes of its 11 hole drilling program which commenced in December 2003.

The current drilling program is designed to test a potential northeast extension of the "carvoeira" gold deposit identified and partially defined in earlier drilling on the project. The drill holes referred to in this announcement are respectively located approximately 25 and 125 meters northeast of previous drilling and suggest that the previously outlined mineralization has significant potential to be extended.

The exploration program is being supervised by the President of Hidefield plc, Mr. John Prochnau, (Certified Professional Geologist, AIPG and the Qualified Person for the project). The following results are weighted averages, using a one gram gold per tonne cutoff, of mineralized intervals in the holes.

Interval Thickness Gold Grade
Drill Holes (metres) (metres) (grammes/tonne)
----------- -------- --------- ---------------
CP 301 153.9 -155.75 1.85 6.30
incl. 0.35 21.77
CP 302 122.15-128.6 6.45 6.28
incl. 0.70 15.95


Difficulties with core recovery in the mineralized section of CP 301 resulted in the three metre interval immediately below the reported gold values being lost and therefore the mineralized section may have extended further than the 1.85 metres reported. Further clarification on the width of the extended mineralized zone will be derived from the further drilling currently underway.

Following a short interruption over the holiday period, drilling has now resumed at Cata Preta with 6 additional holes further testing the projected extension of the "carvoeira" deposit to the north and another 3 holes testing targets on the license area.

Hidefield plc (listed on the London AIM exchange under the symbol "HIF) is operating the Cata Preta project in joint venture with Brazilian Diamonds Limited which holds an approximate 20% interest in Hidefield and has representation on their Board of Directors. Under the terms of the agreement, Hidefield is earning a 50% interest in the Cata Preta project and may ultimately increase this interest to 80% through a combination of exploration activity and further share issuances.
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