Diagem Ceases Activities in Brazil Until IBAMA Embargo Is Resolved
October 10 2008 - 1:26PM
Marketwired
The Board of Directors of Diagem Inc. ("Diagem" or "the Company")
(TSX VENTURE: DGE) have decided to cease its Juina-based
exploration and development activities until the embargo placed on
its Chapadao Project by the Brazilian Federal Environmental Agency
("IBAMA") can be successfully resolved. The Company is pursuing
discussions with various parties with a view to the possible
disposition of some or all of its mineral properties, processing
plants, and equipment.
About Diagem
Diagem Inc. is an exploration-stage Canadian public company
focused on primary diamondiferous resources in the Juina Diamond
Province of Mato Grosso, Brazil, where it controls a large
portfolio of mineral properties. The Company has discovered two
clusters of kimberlite pipes believed to be significant sources of
Juina's historical alluvial diamond production.
Forward-looking statements
Except for statements of historical fact, all statements in this
news release, without limitation, regarding new projects,
acquisitions, future plans and objectives are forward-looking
statements which involve risks and uncertainties. There can be no
assurance that such statements will prove to be accurate; actual
results and future events could differ materially from those
anticipated in such statements.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS PRESS RELEASE
Contacts: Diagem Inc. Denis Francoeur CEO 514-448-4961 (ext.
505) Diagem Inc. Paul Einarson CFO 514-448-4961 (ext. 502)
www.diagem.com
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