LONDON, Feb. 12, 2013 (GLOBE NEWSWIRE) -- Americas Diamond Corp. (OTCBB:ADMC) "Americas Diamond" or "the Company" is pleased to announce it has launched its company website www.AmericasDiamondCorp.com, which is ready for immediate viewing.
The website provides an overview of the Company's operations, management team, current projects and other valuable information such as news releases, SEC Filings, stock quotes, charts and project details such as mineral resource and reserve estimates.
The Company website provides extensive details of its current projects, and additional information on the recently announced final program of bulk-sampling on the Natal I and II diamond concessions, in the Guaniamo district of Bolivar State in Venezuela. The program has been designed to test the down-dip extensions of the Belmudez diamondiferous zone, which is the focus of the exploration. The Company intends to put 100,000 tonnes of treatable material through the diamond recovery plant. Conservatively the Company expect this to provide in excess of 5,000 carats, while sampling to date, suggests the effort should produce between 10,000 and 20,000 carats in total. The Company believes the program is warranted, and that the possible magnitude of the primary deposit is considerable.
Additionally, the Company website highlights detailed project mineral resource and reserve estimates, providing estimated annual pre tax profits and total pre tax profit estimates for the life of the mine, with detailed explanations of all assumptions made, and three scenarios illustrating varying levels of production and values per carat.
Daniel Martinez President and CEO, stated, "We are pleased to launch the Company's website to the investment community. Our website encompasses many key components of our Company and we believe it will prove to be a valuable resource for current and prospective shareholders wishing to more clearly understand our operations and projects. We intend to provide regular updates on our recently announced bulk sampling program through press releases and timely website updates. We expect the website to evolve and grow organically in tandem with the continuous development of company and it's projects. "
ABOUT AMERICAS DIAMOND: Americas Diamond Corp., (OTCBB:ADMC), is a publicly traded diamond and precious metals exploration company focused on effectively and efficiently acquiring, exploring and developing high impact natural resource properties. More information can be found on our website, www.AmericasDiamondCorp.com.
Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Americas Diamond Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to Americas Diamond Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters. Americas Diamond. disclaims any obligation to update any of its forward-looking statements, except as may be required by law. Americas Diamond Corp. is required to issue $13,000,000 worth of its common shares to acquire the Natal diamond concessions and there can be no assurances that this acquisition will close.
ON BEHALF OF THE BOARD OF DIRECTORS,
Americas Diamond Corp.
Daniel Martinez
President and Chief Executive Officer