Moydow Discovers Fourth Kimberlite at Dala Diamond Project

Moydow Discovers Fourth Kimberlite at Dala Diamond Project

Brian Kiernan, President and CEO of Moydow Mines International Inc. announced that Moydow has intersected another kimberlite on the Dala licence in Angola. This new discovery is in addition to the three kimberlites already identified at Dala, bringing the total number so far discovered to four.

So far, a total of eleven anomalies have been drilled at the Dala Project, and of these, six were considered high priority primary targets. Of these six high priority targets which have been drilled, four have now intersected kimberlite, one was abandoned due to ground conditions before reaching target depth and one returned negative results.

This new drill hole, PD11 was drilled on target anomaly G84 and intersected kimberlite at a vertical depth of 143 meters.

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

As with previous drill holes, the core from 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.

Mr. Kiernan said “The Dala project continues to produce tremendously positive results. The rate at which drilling is confirming the existence of kimberlites is testament to the prospectivity of the licence and the abilities of the geological staff on the ground. With so many anomalies remaining to be drilled, we are extremely excited for the future at Dala.”

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.

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 Moydow Mines International Inc is listed on the Toronto Stock Exchange and the AIM Market of the London Stock Exchange under the symbol “MOY”.

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