Dia Bras Exploration Inc.

Dia Bras Exploration Inc.

November 02, 2005 10:59 ET

Dia Bras Announces Record Results in October From its Pilot Mining Program at Bolivar

MONTREAL, QUEBEC--(CCNMatthews - Nov. 2, 2005) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) is pleased to announce a record month in terms of production and sales of concentrate at its pilot-mining program at the Bolivar mine in Chihuahua Mexico.

During October, the combined zinc and copper concentrate production of 1,212 tons (297 dry metric tons of copper concentrate and 915 dry metric tons of zinc concentrate) resulted in total sales of US$650,000. This represents an increase of 40% versus the monthly results of the production value of the previous three months.

These numbers have been achieved although ore throughput at its Malpaso mill facility was under capacity due to transport problems which were encountered during the month. Corrective measures were immediately taken.

After having increased its mill capacity during the summer, the Company realised its most productive months to date in August and September with respective throughputs of 6,498 and 6,624 tonnes of ore. However, as grades of ore mined during these two months (coming from development ore) were still below expectation, average concentrate production amounted to only 866 tons.

Due to the much higher grade material mined from the Brecha Linda and processed in October (a monthly average of 2.43% Cu and 12.40% Zn), the Company recorded its record month. At the same production rate as the previous two months total production would have exceeded US$900,000.

Recovery is improving and the Company anticipates reaching 85 % for both copper and zinc by the end of the year.

With a plant capacity of 7,500 tonnes per month and benefiting from the high copper and zinc market prices, the Company expects November production and sales results to improve again significantly.

About Dia Bras

Dia Bras is a Canadian mining and exploration Company focused on precious and base metals in the State of Chihuahua, northern Mexico. The Company continues exploration and the active development of its two key projects - Bolivar and Promontorio - in the world-renowned Sierra Madre mineral belt. The Company trades on the TSX Venture Exchange, under the symbol "DIB".

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

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.

If you would like to receive press releases via email please contact info@diabras.com. Please specify "Dia Bras press releases" in the subject line.

Contact Information

  • Dia Bras Exploration Inc.
    Rejean Gosselin
    (514) 866-6001 ext. 241
    CHF Investor Relations
    Linda Armstrong
    Vice President
    (416) 868-1079, Ext 229