RNS Number : 5775C
  Moydow Mines International Inc
  02 September 2008
   

       
    Moydow Announces Two New Kimberlitic Bodies at Dala Diamond Project

    FOR IMMEDIATE RELEASE           

    September 2, 2008

    Toronto, Canada : Brian Kiernan, President and CEO of Moydow Mines International Inc. ("Moydow" or "the Company") today announced that
Moydow has identified two more kimberlitic bodies at the Dala Diamond Project in Angola, in addition to the one announced on June 16, 2008.
The two new kimberlites were identified on two separate anomalies, G34 and G35 which have recently been drilled as part of the current
drilling program at the Dala Project.

    To date, a total of ten anomalies have been drilled at the Dala Project, and of these, kimberlite has been identified in the core
samples from three of them. Three holes were abandoned for technical reasons before they reached the target depth. Of the seven holes that
reached target depth, three were positive.

    Drill hole PD10, which was located on anomaly G34, intercepted kimberlitic material at a vertical depth of 165 meters. Drill hole PD03,
located on anomaly G35, intercepted kimberlitic material at a vertical depth of 139 meters.

    There remain in excess of twenty anomalies to be drilled on the Dala Project in this current programme.

    The core from the drill holes in which kimberlite has been identified will be split and samples sent for analysis for G-10 garnets and
micro diamonds. Results of these analyses will be provided as soon as they become available.

    Of particular note is drill hole PD10, which was located on anomaly G34. This anomaly is concurrent with a circular lake of some 400
metres in diameter and had been identified as a high priority target quite early in the exploration phase.

    Mr Kiernan said "We are delighted that our exploration efforts are being rewarded with such positive results. The rate at which
anomalies are being converted to kimberlites is very encouraging and with more than twenty more anomalies to drill we are very excited for
the future. We are sending core samples for analysis as soon as possible and we will base our second round of drilling on the results of
that analysis."

    The Dala licence comprises some 3,000 square kilometres and is located in the Lunda Sul province of north-eastern Angola, immediately
adjacent to the city of Saurimo. The licence is 40 kilometres south of the Catoca Mine, the world's fourth largest diamondiferous kimberlite
mine, and is adjacent to Petra Diamond's Alto Cuilo property. Moydow holds a 40% interest in the Dala kimberlite licence. Empressa Nacional
De Diamantes De Angola, the Angolan state diamond mining company, has a 51% interest and Cimader-Comercio General Limitada, a local Angola
company, has a 9% interest.

    The drilling programme and evaluation are under the supervision of Ebo Bakker, a Professional Geologist, and "Qualified Person", as
defined under NI 43-101, and is responsible for the technical information presented in this news release. Progress reports on the drilling
programme will be released on an on-going basis as results become available.  

    Moydow Mines is engaged in the acquisition, exploration and development of mineral properties worldwide. Corporate information is
available on the Company's website www.moydow.com. Moydow Mines International Inc is listed on the Toronto Stock Exchange and the AIM Market
of the London Stock Exchange under the symbol "MOY". For further information please contact Michael Power, Vice President, Corporate
Development at 416-703-3751. 

    On behalf of the Board of Directors
    "Signed"                     
    Brian Kiernan, President and Chief Executive Officer

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
MSCLTMITMMAMBFP

Moydow Mines (LSE:MOY)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Moydow Mines Charts.
Moydow Mines (LSE:MOY)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Moydow Mines Charts.