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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (5304)	12/1/2003 8:19:31 PM
From: ralfph	Read Replies (2) \| Respond to of 8273

SWM-so what do I do <ggg GNI -remember that one? Its old Hislop again. XCL-that sucks. All I did was place a one day sell at 1.15 on friday. CPT-that sucks too. TM- I am a bit lost on what to think. AQI- breakout or bounce ? SUR- the stock is welcome to trade like this for the rest of the year. Interesting day ralfph

To: marcos who wrote (5304)	12/4/2003 8:03:10 PM
From: russet	Read Replies (2) \| Respond to of 8273

:-))))) DiamondWorks plant commissioning produces gemstone quality diamonds at Koidu TSX: DMW VANCOUVER, Dec. 4 /CNW/ - DiamondWorks Ltd. (the "Company") is pleased to report that intermittent processing of materials from various sources for the purpose of commissioning and testing its 50 tonne-per-hour processing plant at the Koidu Kimberlite Project has resulted in the recovery of a total of 282 carats of gem quality, rough diamonds. The Koidu Project is located in Sierra Leone, Africa and is a 50/50 joint venture between the Company and Magma Diamond Resources Limited ("Magma"). The Joint Venture Company holds an 80% interest in the project. A number of stones have been recovered, with the three largest stones weighing 14.5 carats, 6.5 carats and 6.2 carats respectively. The bulk of the stones, including the three largest stones, are described as being clear white gem stones with the three largest and a number of others being described as octahedral in shape. The material which was processed was selected to test specific sections of the processing circuits and is not considered representative of the ore materials expected from the Koidu pipe. Construction of the 50 tonne-per-hour processing plant and ancillary facilities is substantially complete and intermittent processing of material to test the plant and equipment has been conducted during the past few days. Waste stripping of overburden, consistent with SRK's interim mine design, has been hampered by seasonal rains but is progressing with potentially diamondiferous material being stockpiled prior to sampling. Thus far approximately 1 million tonnes of material has been moved of which approximately 40,000 tonnes has been stockpiled for processing. Once the plant is fully operational, the initial material from the pit will be treated as a bulk-sample for the purpose of confirming tonnage and grade previously indicated by historical data. DiamondWorks is a mining and mineral exploration company engaged in the acquisition, exploration, development and mining of diamond and other mineral properties. The Company's principal mineral properties are located in Sierra Leone, Angola and Central African Republic. The Company's wholly owned subsidiaries Otterbea International (Proprietary) Limited and Petroplus Africa Limited specialize in commodities trading, the supply and sale of crude oil and refined petroleum products and procurement and logistics for the mining industry in Africa. This news release contains forward-looking statements that are subject to various risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors that may be beyond the Company's control. Forward- looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. %SEDAR: 00002462E For further information: please contact: Rob Rainey in Johannesburg at telephone +27-11-4543099, Fax +27-11-4541673 or e-mail: info@diamondworks.co.za