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Gold/Mining/Energy : Canabrava Diamond -- Ignore unavailable to you. Want to Upgrade?

To: Diamond Daze who wrote (2362)	4/8/2002 1:26:44 PM
From: GC	Read Replies (1) \| Respond to of 2402

Search - Finance Home - Yahoo! - Help -------------------------------------------------------------------------------- [ Latest Headlines \| Market Overview \| News Alerts \| More Business Wire ] -------------------------------------------------------------------------------- Related Quotes CNB.V MAJ.V 0.310 1.03 0.00 -0.10 delayed 20 mins - disclaimer Quote Data provided by Reuters Monday April 8, 12:20 pm Eastern Time Press Release SOURCE: Canabrava Diamond Corporation Canabrava Diamond Corporation and Majescor Resources Inc.: High Priority Targets Identified on Mistassini Project Airborne Geophysics completed in Otish Mountain Area, Quebec VANCOUVER, British Columbia--(BUSINESS WIRE)--April 8, 2002-- Canabrava Diamond Corporation (CNB-CDNX) and Majescor Resources Inc. (MAJ-CDNX) are pleased to announce that they have recently completed interpretation of the 9,224-line km airborne geophysical survey on the Mistassini Project in Quebec. Flown at a line spacing of 150 m, the survey was designed to identify possible drill targets related to the distinctive dispersion trains of kimberlitic indicator minerals already discovered by Majescor. A total of 77 magnetic anomalies have been identified for follow-up exploration. As a result of the large number of targets and the fact that the nearby Ashton and Beaver lake kimberlites occur close to surface, further ground work is warranted. High priority targets will be followed up as soon as possible with glacial sediment sampling, prospecting and geological mapping. Majescor is the operator of the exploration programs and Canabrava is funding the work in order to earn a 50% interest in the project. Of interest, Ashton Mining of Canada Inc. and its partner Soquem recently announced (Mar28/02) the discovery of a third kimberlitic body on their property located directly to the north of the Mistassini property. The first two are known to be significantly diamondiferous. Similarly, the Beaver Lake kimberlite, located just east of the Mistassini property, has also proved to carry both macrodiamonds and a significant population of G10 garnets. Canabrava Diamond Corporation is actively exploring for diamonds in Brazil and Canada both independently and through major joint ventures with Kennecott Canada Exploration Inc., Navigator Exploration Corp., and Paramount Ventures and Finance Inc. The Company is 38.9% owned by Southwestern Resources Corp. (SWG-T). Majescor Resources Inc. is an exploration company with the largest portfolio of diamond properties in Quebec. -------------------------------------------------------------------------------- Contact: Canabrava Diamond Corporation Rory O. Moore President & CEO (604) 669-2525 (604) 688-5175 (FAX) Email: info@canabrava.ca or Canabrava Diamond Corporation George H. Read V. P. Exploration (604) 669-2525 (604) 688-5175 (FAX) Email: info@canabrava.ca Website: www.canabrava.com or Majescor Resources Inc. Andre Audet Executive V.P. Investor Relations (613) 241-2332 (613) 241-6005 (FAX) Email: andre@majescor.com or Majescor Resources Inc. Jacques Letendre President & CEO (514) 735-0087 (514) 739-1346 (FAX) Website: www.majescor.com Email this story - Most-emailed articles - Most-viewed articles -------------------------------------------------------------------------------- More Quotes and News: Canabrava Diamond Corp (Vancouver:CNB.V - news) Majescor Resources Inc (Vancouver:MAJ.V - news) Related News Categories: mining/metals -------------------------------------------------------------------------------- ADVERTISEMENTSpecial Offers · FREE credit report & trial membership! · Refinance Now! Before Rates Increase! · Quick, detailed Auto insurance quotes. Help -------------------------------------------------------------------------------- Copyright © 2002 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service Copyright © 2002 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials by posting, archiving in a public web site or database or redistribution in a computer network is strictly forbidden. Questions or Comments?

To: Diamond Daze who wrote (2362)	7/16/2002 4:54:31 PM
From: Flea	Read Replies (2) \| Respond to of 2402

Canabrava Diamond Corporation: Victoria Island Drill Camp Established and Geophysical Crew Mobilized VANCOUVER, BRITISH COLUMBIA--Canabrava Diamond Corporation (CNB - TSX Venture) announced today that the drill camp has been moved to the Hadley Bay Project on Victoria Island, Nunavut. The geophysical crew has mobilized to the camp and has commenced the ground geophysical surveys in preparation for drilling. Program operator, Diamonds North Resources Ltd., has completed the drill camp move, during ice breakup, to the Hadley Bay Project in preparation for a ten-hole drill program, which is due to commence before the end of July. The current drill program will test a number of new high priority targets within the Hadley Bay kimberlite cluster. Canabrava has the option to earn a 50-per-cent interest in Diamonds North's Hadley Bay diamond Project by spending $5-million and issuing 250,000 shares to Diamonds North over a four-year period. The 2002 program consists of a $700,000 exploration budget and issuance of 50,000 shares of Canabrava to Diamonds North. The ground geophysical crew expects to start grid layout and geophysical surveys by July 18, 2002, over targets defined from airborne geophysics. These targets will be drilled as soon as the ground geophysical surveys are completed. Victoria Island is currently being explored by a number of companies and, to date, 16 kimberlites have been discovered, 14 of which have been confirmed to contain diamonds, some of which have produced significant macrodiamond counts. Of the 16 kimberlites, five occur within the Hadley Bay Project and all five contain diamonds. Since most of the known kimberlites have undergone inadequate delineation drilling and diamond testing, additional drilling and sampling will be carried out on all five kimberlites. Crater facies material has been identified in some of the kimberlites, which occur as distinct geophysical anomalies in the carbonate country rocks. Indicator minerals derived from kimberlite and till samples contain high interest peridotitic and eclogitic minerals, indicating that these kimberlites have potentially sampled both peridotitic and eclogitic diamonds. George Read, Canabrava's President, stated, "I am most optimistic about the potential of this drill program to intersect diamondiferous kimberlite". Canabrava Diamond is actively exploring for diamonds in Canada and Brazil, both independently and through major joint ventures with Kennecott Canada Exploration Inc., Navigator Exploration Corp., Majescor Resources Inc., and Paramount Ventures and Finance Inc. Canabrava is 38.9 per cent owned by Southwestern Resources Corp. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Canabrava Diamond Corporation George H. Read President & CEO (604) 669-2525 (604) 688-5175 (FAX) Email: info@canabrava.ca Website: www.canabrava.ca or Canabrava Diamond Corporation Thomas Beattie VP, Corporate Dev. (604) 669-2525 (604) 688-5175 (FAX) The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.