Diamond Frank Exploration Inc.

Diamond Frank Exploration Inc.

May 05, 2010 14:21 ET

Diamond Frank Acquires 50% of the Destorbelle Property From Typhoon Exploration Inc

LAVAL, QUEBEC--(Marketwire - May 5, 2010) - Diamond Frank Exploration Inc. (TSX VENTURE:DOD) announces that since April 30th, 2010 it now owns 50% of the 24 mining claims of the Destorbelle property by fulfilling its commitments to Typhoon Exploration Inc. following the agreement made in 2008 (see November 12th, 2008 press release).

Diamond Frank has carried out exploration works such as prospecting, line cutting, an induced polarization survey, a humus geochemical survey, a structural study by satellite imagery, a drilling campaign of about 2000 meters and a major 3D geologic compilation using the Gocad software.

Take note that the Destorbelle property is located in the heart of Abitibi's mining projects. Furthermore, it is adjacent to the Fayolle property and shows the same type of geologic environment as the Fayolle Deposit (188,000 ounces of gold - inferred category) which is located on the same structure; the prolific Porcupine-Destor Fault (80 million ounces of gold to date).

The technical team is developing a drilling program in order to validate the high-favourability targets and attempt to link the Destorbelle property to the Fayolle Deposit. The program will be submitted by the co-owner, Typhoon Exploration Inc.

A map of the Destorbelle property is available at : http://media3.marketwire.com/docs/destorbelle.pdf

About Diamond Frank:

Diamond Frank targets Quebec's excellent mineral potential and favourable investment climate for the development of new world-class gold deposits. Diamond Frank is proud to count on a reputable partner such as Typhoon Exploration. Its support as well as that of its 2,625 investors (which holds almost 20,000,000 shares issued and outstanding), contributes greatly to the success of the company and to the fact that it carries no debt.

Robert Gagnon (Geo.), Technical Advisor, a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the information in this news release.

The common shares of Diamond Frank Exploration are listed on the TSX Venture Exchange under the symbol "DOD".

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the US. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those in these "forward-looking statements". The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Diamond Frank Exploration Inc.
    David Mc Donald, President and CEO
    450-622-4337 (FAX)