Press Release

2009-10-5

DiaMine Explorations Inc. Announces Plan For Autumn Drill Program

DiaMine Explorations Inc. 675
King Street West #305
Toronto, Ontario
M5V 1M9 Canada

Telephone Number: (416)-847-1524
Toll free North America: (866) 557 8637
Facsimile Number: (41 6)-847- 1526 www.diamineexplorations.com


DiaMine Explorations Inc. Announces Plan For Autumn Drill Program

October 5, 2009

DiaMine Explorations Inc. (DIEXF) is pleased to announce our autumn drill program on the company’s in Northern Ontario. Our chief geologist and his team of experts have developed a comprehensive heavy mineral sampling program for Kimberlite Indicator Minerals in the first ice direction up-ice from abundant multi-variety KIM’s detected together.

DiaMine staked a large younger magnetic anomaly in early 2008 and tested the down-ice of this feature in a deep overburden drilling program for KIMs in basal glacial till in the second half of 2008. This program was successful to a point with the discovery of chrome diopside KIMs of kimberlitic origin.

In June, 2009, six auger samples were taken at kilometre-intervals on a glacial beach 6 kilometres south down-ice from the target. Preliminary microscopic picking of grains from the heavy mineral fraction of these samples has identified a deep green chrome diopside of undisputed kimberlitic origin along with a possible eclogitic garnet in one sample as well as a second chrome diopside in another. These three grains have been forwarded to CF Minerals in Kelowna, B.C. for SEM and Scan.

The first glaciation in the region took place 18,000 years ago, according to Geological Survey of Canada maps and the direction of erosion and transport was approx. 202 degrees. Thus a sampling corridor vectored at 022 degrees is proposed to trace the KIMs to the area back up-ice. Sampling of this nature is another tried and true method to trace KIMs back to source.

The proposed sampling corridor commences immediately up-ice to the north. Ten-kilogram HM samples will be taken with helicopter support from gravel bars in river-beds within the sampling corridor, the same as the government survey. As large a number of samples as possible will be taken in the field this October and stored. The samples will be fed into a lab for KIM separation and picking analysis at a pace to be determined by the company.

The KIMs not only originate from kimberlite pipes up-ice from the study area, but there are indications from the G10s and high Mg-ilmenites discovered that the pipes might be diamondiferous. The proposed program is deemed to be highly effective.

DiaMine Explorations Inc. is a Canadian exploration company focused on exploring and developing diamond and gold mining interests in the strategic kimberlite regions of Canada. The Company’s exploration programme and team of highly specialized experts will concentrate on securing new opportunities for further exploration and development utilising capital allocation analysis and advanced exploration techniques to maximise value from its current holdings.

For additional information please contact DiaMine Explorations Inc., at 866 557 8637 or by email: info@diamineexplorations.com


FORWARD LOOKING STATEMENT
This news release contains certain statements that may be deemed “forward-looking statements'. All statements in this release, other than statements of historical fact, that address events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects', “plans', “anticipates', “believes', “intends', “estimates', “projects', “potential' and similar expressions, or that events or conditions “will',“would', “may ', “could' or “should' occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.

Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.These statements are based on a number of assumptions, including, among others, assumptions regarding general business and economic conditions, the timing of the receipt of regulatory and governmental approvals for DiaMine ’s proposed transactions, the availability of financing for DiaMine ’s proposed transactions and exploration and development programs on reasonable terms and the ability of third-party service providers to deliver services in a timely manner. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause results to differ materially.

» Complete Article (PDF)

All Press Releases for 2009