Welcome!

Ruby-On-Rails Authors: Liz McMillan, Pat Romanski, Elizabeth White, Hovhannes Avoyan, Yeshim Deniz

News Feed Item

Dianor Announces Results of Annual Meeting and Updates Shareholders on Ontario and Quebec Diamond Projects

VAL-D'OR, CANADA -- (Marketwire) -- 09/03/09 -- Dianor Resources Inc. (TSX VENTURE: DOR) announces that at the annual general meeting held on August 26, 2009, Dianor's shareholders re-elected John Ryder, Daniel Duval, Nicholas Houghton, Pierre Paquet, Octavio Soares, Neil Wiener and Werner Zapfe to the Board of Directors. Mr. Ryder is the President and Chief Executive Officer of Dianor and Mr. Duval is the Chairman of the Board and Chief Financial Officer. The shareholders also re-appointed Samson Belair/Deloitte & Touche LLP, Chartered Accountants, as auditors of the company.

PROJECT UPDATES - ONTARIO AND QUEBEC:

LEADBETTER DIAMOND PROJECT:

On-site work consisting of additional environmental data collection as specified in the approved (May 2009) advanced exploration/rehabilitation/closure plans for the extraction and processing of 50,000 tonne of Archean diamond bearing conglomerate from two underground ramps on the Leadbetter Diamond Project located 12 kilometres north east of Wawa in Northern Ontario continues. Planning for a more detailed evaluation of the diamond, ruby, sapphire and gold potential of the unconsolidated "alluvial" material has commenced.

An updated 43-101 report on the Leadbetter Diamond Project is nearing finalization and will incorporate diamond results from the caustically fused core samples from 24 drill holes; indicator mineral data; rubies and sapphire data; gold data; geochemical results of drill cores and surface rock samples plus drilling and ground penetrating radar studies of the unconsolidated "alluvial" sediments. The report is expected to be completed and available on SEDAR by the end of the month.

EKOMIAK V DIAMOND PROJECT:

Phase I field exploration on the Ekomiak V Joint Venture (Metalex Ventures and Wemex) diamond project located 75 kms south of Radisson in James Bay, Quebec was completed September 1st 2009. A total of 12 diamond drill holes totaling 1,239 metres of NQ core were drilled across the outcropping conglomerates to assist in the mapping; structural setting; geology and sub-surface distribution of the diamond bearing conglomerates. Conglomerate was intersected in 11 of the holes and the drill core is in transit to Rouyn-Noranda for detailed logging. Detailed geological mapping, prospecting and rock chip sampling was conducted over a 2 sq. kms area of the property. Detailed mapping outlined an area of outcropping conglomerate 100 metres wide by 500 metres long and 135 rock samples were taken for whole- rock and geochemical analyses to assist in determining future mini-bulk sampling locations.

Jaw and High Pressure Roll crushing of a six tonne sample of diamond bearing conglomerate taken from the location where 94 purple diamonds were recovered from a 26.90 kg surface rock sample (press release August 7th 2008) was completed at UBC, Vancouver. Mineral Services Ltd. completed a preliminary testing on a small portion of the crushed material and has developed a flow sheet for DMS treating of this material to recover diamonds by their DMS mini-plant in Vancouver. DMS work on the crushed 6 tonne sample commenced on September 1st and diamond results are expected within the next two months.

PEM DIAMOND PROJECT:

The first phase of field exploration on Dianor's 100% PEM property adjacent to the Ekomiak V Joint Venture property was also completed on September 2nd 2009. Detailed geological mapping and rock sampling was conducted over the large area of diamond bearing conglomerates centered on the area where 1,286 diamonds were recovered from a single 34.75 kg conglomerate sample(press release May13th 2008). Approximately 800 rock samples were collected for gold, whole-rock and geochemical analyses to assist in determining future mini-bulk sampling locations.

Areas having the potential for gold and base metal mineralization on the PEM were also visited, investigated and sampled. A total of 25 grab samples of rock (iron formation, rusty outcrops etc) were collected including confirmation samples from two locations where gold values of 13.2 and 6.48 grams per tonne (gpt) Au were reported by a prospector.

Phase II exploration programme will commence upon compilation of the data and results from the current programme conducted on both properties.

Mr. John Ryder, P.Geo is the Qualified Person responsible for the technical contents of this press release.

About Dianor

Dianor is an innovative exploration company focused on advancing diamond exploration properties in the Superior Craton of Canada. The Leadbetter Diamond Project is its most advanced project and is geographically well situated and easily accessible, some 12 kilometres north east of Wawa in Northern Ontario. Substantial exploration work has been conducted on the project since 2005 and in May 2009 the Company received government approval to proceed with a 50,000 tonne bulk sampling programme of the 2.697 Ma old Archean Conglomerate. A preliminary tonnage estimate for this conglomerate is in the range of 549 million to 583 million tonnes (press release July 24th 2007). In addition to diamonds, the conglomerate contains gold, sapphires and rubies (press release January 18th 2007). In 2008 additional diamond discoveries including rare purple diamonds were made by the Company in rocks of similar type, age (Archean) and geological settings (press release March 3rd, April 10th,& May 13th 2008) in Quebec. The Quebec diamond properties have increased our portfolio of low cost, accessible exploration targets. These diamond discoveries (Ontario and Quebec) are both unique and amongst the oldest diamond bearing occurrences in the world.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to United States Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This news release is not for distribution to United States newswire services or for dissemination in the United States.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

Version francaise disponible sur www.dianor.com seulement

Contacts:
Dianor Resources Inc.
Mr. John Ryder, P.Geo.
President
819-825-7090
819-825-7545 (FAX)
[email protected]

Dianor Resources Inc.
Mr. Daniel Duval
Chairman of the Board
819-825-7090
819-825-7545 (FAX)
[email protected]

S.D.N.L. Financial Communication
Mr. Sylvain Laberge,
Investor Relations
514-380-5610
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired 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 is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...