Dianor Resources Inc.
TSX VENTURE : DOR

Dianor Resources Inc.

August 22, 2006 07:00 ET

Dianor Resources Inc.: Drilling Continues to Constently Recover Diamonds '2,131' on the Leadbetter Diamond Property Along Section 2+00N

VAL-D'OR, CANADA--(CCNMatthews - Aug. 22, 2006) - This news release is not for distribution to United States newswire services or for dissemination in the United States.

Dianor Resources Inc.(TSX VENTURE:DOR) is pleased to inform its shareholders that it has received diamond results from the Saskatchewan Research Council's (SRC) laboratory from caustic fusion of split NQ drill core from drill hole Chab 06-34 located in the Northern Sector of the Leadbetter Diamond Property. Drill hole Chab 06-34 was recently drilled 50 metres to the west of Chab 05-13 and 150 metres to the east of Chab 05-12 on an east-west section line (2+00N) from which previous drill results have been reported (press release of March 28th and April 25th , 2006). The hole was drilled at an inclination of -87o to the west and was designed to intersect the complete diamond bearing Leadbetter conglomerate (the DBR) which was only partially intersected by Chab 05-13 (press release of April 25, 2006).

Results from this drill hole (Chab 06-34) continue to demonstrate the persistence of diamonds throughout the Leadbetter conglomerate both vertically and laterally from the current 1,000 metres long fence of drill holes (Chab 05-08 to 05-13) along Section 2+00N in the Northern Sector. The results also reconfirm results reported for Chab 05-13 in April 2006.

Drill hole Chab 06-34 intersected 232.30 metres of conglomeratic material (DBR or Leadbetter diamond bearing Conglomerate) to a depth of 549.88 metres after penetrating 321.08 metres of mixed volcanics (basalts to rhyolites)from surface, before passing through interbedded sandstones and siltstone. In this basal sequence of sandstone and siltstones a narrow (11.62 m), diamond-bearing (87 stones) conglomeratic interval was also intersected between 564 and 575.62 metres. The hole was completed at a depth of 609 metres in sandstone-siltstone.

DRILLING UPDATE:

In conjunction with caustic fusion of drill core samples for diamond recovery, a program of systematically measuring the specific gravity of the various lithologies encountered in drilling has also been undertaken. The object of this work is to provide the data necessary for estimating a tonnage for the diamond-bearing unit by measuring the specific gravity (SG) of the Leadbetter diamond bearing conglomerate or DBR. Based on the results to date the specific gravity of the diamond-bearing rocks is estimated to be on average, 2.82 tonnes per cubic metre.

Since April 16th 2005, a total of 106 drill holes totaling 28,672 metres of core drilling have been completed on the Leadbetter Diamond Project including 63 holes for 10,861 metres of NQ (7,830m) and BQ (3,031m) core in 2005. Since January 2006, 43 NQ-size core holes have been completed for 17,811 metres of drilling. Three drill rigs continue to drill on the property and a further 21 NQ holes totaling 10,000 to 12,000 metres is planned for the remainder of 2006 to complete the 40,000 metre Phase 2 drilling campaign on a drill spacing of 200 metres (East-West) by 100 metres (North-South). The remaining drill holes will be located in the Central and Southern Sectors of the property and it is expected that the Phase 2 drilling will be completed by mid-December 2006.



The objective of the Phase 2 drilling programme is to provide:

(a) Initial delineation of the Leadbetter conglomerate,

(b) Preliminary diamond distribution data for the Leadbetter
Conglomerate or DBR,

(c) An initial 3-D model of the conglomerate

And

(d) A tonnage estimate for the diamond-bearing conglomeratic unit.


The results of this initial drilling programme will provide a database to which a high degree of confidence can be attached in order to effectively guide future exploration and development of the Leadbetter Diamond project. Diamond results continue to indicate diamond continuity through the conglomerate both laterally and at depth in the Northern Sector as well as the Central Sector. In conjunction with the drilling, surface sampling will expand to the South Sector in order to collect samples for DMS test work. It will allow exploration to proceed with the testing and confirmation of priority areas as well as planning for larger samples.

Carl G. Verley, P.Geo is the Qualified Person responsible for the technical contents of this press release.

Dianor is an innovative exploration company focused on diamond exploration. The Company has entered into option/joint ventures in Quebec and Ontario with numerous exploration companies to explore for and discover diamond deposits.

You can also visit our Web Site: www.dianor.com

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to United States Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Tables are available on the CCNMatthews's website at this following address:
http://www.ccnmatthews.com/docs/dia_eng.pdf

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

Contact Information

  • Dianor Resources Inc
    Mr. John Ryder, P.Geo.
    President
    (819) 825-7090
    (819) 825-7545 (FAX)
    info@dianor.com
    or
    Dianor Resources Inc
    Mr. Daniel Duval
    Chairman of the Board
    (819) 825-7090
    (819) 825-7545 (FAX)
    info@dianor.com
    or
    Renmark Financial Communications
    Mr. Sylvain Laberge
    (514) 939-3989
    (514) 939-3717
    slaberge@renmarkfinancial.com