| Thu 15 Oct 2009, 15:16 | | BCD - BRC Diamondcore Provides Update on Its Tshikapa Option Agreements |
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BCD
BCD
BCD - BRC Diamondcore Provides Update on Its Tshikapa Option Agreements
BRC DIAMONDCORE LTD.
(Incorporated in Canada)
(Corporation number 627115-4)
Share code: BCD & ISIN Number: CA05565C1095
("BRC DiamondCore" or "the Company")
BRC DIAMONDCORE PROVIDES UPDATE ON ITS TSHIKAPA OPTION AGREEMENTS
Toronto, Canada and Johannesburg, South Africa - October 15, 2009 - BRC
DiamondCore Ltd. (the "Company") (TSX: BCD, JSE: BCD) provides the
following update on developments with respect to an option agreement
affecting its Tshikapa kimberlite project in the Kasai-Occidental
province of the Democratic Republic of the Congo (the "DRC").
The Company has via option agreements 12 Exploration Permits ("PRs") in
the Tshikapa region of southern DRC and these continue to hold promise
for the Company as more fully described in the Company`s NI 43-101
report, entitled "National Instrument 43-101 Technical Report on the
Tshikapa Project of BRC DiamondCore Ltd. in the Democratic Republic of
Congo" and dated March 31, 2009. Six of these twelve PRs at the project
are held through an option agreement with ACACIA sprl, which has advised
the Company of its wish to modify the option agreement. The Company
continues its discussions with ACACIA sprl and is optimistic of reaching
an agreement that is satisfactory to both parties.
BRC DiamondCore Ltd. is an African-focused diamond explorer. Led by a
management team with extensive experience in diamond exploration and mine
development, the Company works in a systematic and responsible manner to
discover, assess and develop diamond resources for the benefit of its
shareholders and local stakeholders.
For further information, please visit our website, www.brc-
diamondcore.com, or contact:
In Johannesburg:
Brian Scallan, Vice President, Finance, +27 11 958 2885.
In Toronto:
Martin Jones, Vice President, Corporate Development, (416) 366-2221 or
1-800-714-7938.
JOHANNESBURG
15 October 2009
ARCAY MOELA SPONSORS (PROPRIETARY) LIMITED
Date: 15/10/2009 15:16:01 Produced by the JSE SENS Department.
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