Delrand Updates Northern DRC Diamond Exploration Activity

Delrand Resources Limited (DRN.TO)has provided an update on its diamond exploration activities in northern Democratic Republic of the Congo (the "DRC"), which activities are being carried out in partnership with Rio Tinto.

Delrand's first-phase exploration program over the Coexco ground in the northern DRC was completed in 2009. A follow-up stream sampling program was conducted in 2011 over 16 exploration permit areas. Samples were collected on an approximate density of one sample every 5 sq km. As previously reported, this program produced 48 diamonds, 12 ilmenites, 21 chromites and 7 garnets.

Interpretation of the reconnaissance and follow-up sampling results has identified seven targets for further detailed follow-up work on the 16 Coexco permit areas. Delrand has also identified abundant mantle minerals in three targets on the two Bomili permit areas just north of the Coexco ground. A detailed stream sampling program began in July to cover these ten targets with some close-spaced sampling. This should increase the number of kimberlitic minerals; their chemistry can then be assessed in order to rate the interest level of each of these target blocks and rank them accordingly for geophysical surveys. This sampling program is likely to take 3 to 4 months to complete and should result in just over 200 samples.

Delrand Updates Northern DRC Diamond Exploration Activity

Posted 8/30/2012 12:03 PM by MidnightTrader.com Staff from Midnight Trader in Investing,

http://community.nasdaq.com/News/2012-08/delrand-updates-northern-drc-diamond-exploration-activity.aspx?storyid=168710

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