From: DiamondWorks Ltd. (DMW)
diamondworks.com
mailto:info@diamondworks.com
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Re: News Releases - Thursday, June 18, 1998
DiamondWorks Recovers 232-Carat Diamond From Its Luo Mine In Angola
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Trading Symbol DMW
Toronto and Vancouver Stock Exchanges
DIAMONDWORKS RECOVERS 232-CARAT DIAMOND FROM ITS LUO MINE IN ANGOLA
VANCOUVER, CANADA - Bruce Walsham, Chairman, President and CEO of
DiamondWorks Ltd., announced that the company recovered a 232.6-carat diamond
from its Luo mine in Angola on June 16th.
The diamond is the largest recovered to date by DiamondWorks since it began
commercial production at Luo in July 1997, and is almost five times larger
than a 50.2-carat stone recovered in January. Based on available historical
operating data, it is the largest stone ever recovered from the Luo
concession.
The 232.6-carat diamond will be valued in mid-July as part of DiamondWorks'
next sales parcel of diamonds from the Luo mine.
DiamondWorks is a global diamond mining company. The company is in commercial
diamond production at the Luo mine in northwest Angola, and will begin
production later this month at its Yetwene mine, also in Angola. DiamondWorks
has interests in a number of other mineral properties in Sierra Leone,
Lesotho, Canada, China and Venezuela.
For further information, please contact: Bill Trenaman at 604-669-8871, or
view DiamondWorks' website at diamondworks.com.
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Copyright (c) 1997, 1998 DIAMONDWORKS LTD. All rights reserved.
For more information, visit our website at the address
diamondworks.com
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