HORTON VALLEY “PIPE” – LARGER THAN ORIGINAL FIELD ESTIMATE SUBSTANTIAL DIAMOND EXPLORATION TARGET UPGRADED IN SIZE The Company has continued its exploration work in the last 8 days at its Horton Valley Diamond Prospect at Bingara NSW confirming the newly discovered “explosive volcanic breccia pipe” (so called “pipe” or “diatreme”), is much larger than original field estimates made in April 2007. The Company undertook an additional 13 hole auger drill program across the pipe structure, confirming a pipe surface area of approximately 5.6 ha, now interpreted to be more than double the previous field estimate. Key heavy indicator minerals were observed from 10 of the 13 new auger holes. The Horton Valley Prospect Pipe is large enough to yield an estimated 15 to 30 million tonnes in an open cut mining operation, making this structure a worthy sized exploration target to search for diamond.
RIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
