RE: TESTING PROGRAM COMMENCES OVER KING GEORGE DIAMOND TARGET, NORTH KIMBERLEY, WA Field testing of a gravity diamond target identified from a Falcon™ survey over AKD’s tenement E80/2461 has commenced by the operators, Striker Resources and Gravity Diamonds. The gravity anomaly, KGN-070, has to date produced 4 microdiamonds from surface samples and is upstream of a previously taken reconnaissance bulk stream sample which reported 3 commercial sized diamonds, one of which was a 1.73 carat gem. Striker, which is managing the field program on behalf of the joint venture partners, plans to trench the gravity anomaly, KGN-070, which is 260m x 200m in size, and if the results are encouraging, plans to drill test the target. The target is one of several gravity anomalies identified by a Falcon™ System survey flown in late 2003. The Falcon™ survey was flown following agreement between AKD, Striker Resources and Gravity Diamonds on behalf of Gravity’s 100% owned diamond exploration company, Diamond Mines Australia. Striker and Gravity are earning up to 80% interest in the joint venture and AKD’s 20% interest is free carried to the completion of prefeasibility on any targets generated by the Falcon™ System within E80/2461. Yours faithfully, Z. Sas Managing Director
AKD Price at posting:
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