Diamond Frank Exploration Inc.
TSX VENTURE : DOD

Diamond Frank Exploration Inc.

October 19, 2010 13:30 ET

Diamond Frank Announces Positive Gold Results on Gold Peak Property

LAVAL, CANADA--(Marketwire - Oct. 19, 2010) - Exploration Diamond Frank Inc. (TSX VENTURE:DOD) announces positive gold results on its till sampling performed on the Gold Peak property which is wholly owned by Diamond Frank and located less than 15 km East of the Fayolle Deposit belonging to Typhoon Exploration Inc.

At the centre of the property, two till samples, approximately 500 meters apart, were proven to be auriferous with values of about 1.94 g/t Au (GP-07) and 1.27 g/t Au (GP-08).

The property consists 50 mining claims for a total of 2,184 hectares. It is located in the township of La Pause in proximity to the La Pause Fault in Abitibi, which is interpreted as a South East continuation of the prolific Destor-Porcupine Fault which has produced to date more than 80 million ounces of gold.

The work undertaken involves the collection of several glacial (till) and glacioaqueous (esker) sediment samples on the entire property.

Based on our preliminary interpretation, the glacial flow would be more or less SW and SSE. In order to facilitate the interpretation of the results, spiral concentrator tests will be performed on the GP-07 and GP-08 check samples for the purpose of withdrawing possible gold grains. The morphology of these samples will allow extrapolating on the distance of the source. It should be mentioned as well that the electromagnetic geophysical survey has enabled pinpointing an anomaly upstream of the collected samples. 

A cartography and prospection campaign will be planned so as to identify the potential source of the geochemical and geophysical anomalies.

The planning and the interpretation of the glacial sediment survey were commissioned to Mr. Rémi Charbonneau, Ph.D. of the firm Inlandsis.

The heliborne magnetic and electromagnetic type survey was performed by the firm Prospectair Inc. of Gatineau and covers the entire property with flight lines spacing of 100 m for a total of 378 linear km.

Mr. Youcef Ghanem, qualified geophysicist as per the NI-43-101 standard, will be interpreting the geophysical data.

NOTE

We wish to announce that the contract pertaining to the acquisition of the Blackrock property, which was previously announced on January 28, 2010, was cancelled by mutual agreement between the parties.

Mr. Robert Gagnon, P. Geo. (OGQ),  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".

Forward-Looking Statements

This news release contains statements that constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Diamond Frank. Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Diamond Frank will derive therefrom. Forward-looking information is based on the estimates and opinions of Diamond Frank's management at the time the information is released and Diamond Frank does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Contact Information

  • Diamond Frank Exploration Inc.
    David Mc Donald
    President and CEO
    450-622-4066
    450-622-4337 (FAX)
    info@diamondfrank.com