VANCOUVER, British Columbia, July 22, 2005 (PRIMEZONE) -- Diamond Discoveries International Corp. (OTCBB:DMDD) is pleased to announce that McPhar Geosurveys, Ltd. has started flying the airborne magnetic survey over the company's Torngat Mountain property. The survey, covering the 420-square-kilometer area is a major step in the identification and localization of potential kimberlite pipes and dykes associated with known diamond occurrences.
The helicopter-supported airborne, high sensitivity magnetometer survey will cover over 2,859 line kilometers on an east-west grid of 150 metres line spacing by 1,000 metres length. The program will take approximately 10 days to complete and preliminary results should be available toward the end of July. An integrated interpretation of all of the newly acquired geophysical data, together with the existing geological and geophysical data, will be undertaken by the firm of Watts, Griffis and McOuat. A report of the results is expected shortly thereafter.
About Diamond Discoveries International Corp.
Diamond Discoveries International Corp (OTCBB:DMDD) is an U.S. exploration company with executive offices in Vancouver, B.C. Through its wholly owned subsidiary, Diamond Discoveries (Canada) Inc., it controls certain mineral permits in the Torngat Mountains Peninsula, in northeastern Quebec. The Company is focused on exploring for diamonds. The Company has located more than 50 kimberlite dykes and several kimberlite pipes.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products, and competitive pressures. These factors and others are more fully discussed in Company filings with U.S. securities regulatory authorities.