DIAMOND CORE RESOURCES LIMITED - PRESS RELEASE: JOINT VENTURE AGREEMENT SIGNED
WITH THE SKEYFONTEIN COMMUNITY
DIAMOND CORE RESOURCES LIMITED
(Formerly Mazal Mining and Exploration Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/013468/06)
Share code: DMR
ISIN Number: ZAE000045688
("Diamond Core" or "the company")
PRESS RELEASE: JOINT VENTURE AGREEMENT SIGNED WITH THE SKEYFONTEIN COMMUNITY
Further to the press release of 3 June 2003, Diamond Core is pleased to announce
that, following the signing of a memorandum of understanding on 30 May 2003, a
joint venture agreement has now been signed between the company and the
Skeyfontein Communal Property Association ("CPA"). The CPA represents the
Skeyfontein Community which owns the surface of the farm Skeyfontein. The
Skeyfontein farm is situated some 40km southeast of the town of Postmasburg in
the Northern Cape, in an area where there are several known diamondiferous
kimberlite structures. Diamond Core management regards Skeyfontein as being of
significant geological interest.
A prospecting permit will be issued shortly and prospecting and exploration will
commence early in 2004 through Dikeing Mining (Pty) Limited, the joint venture
vehicle established for this purpose.
Investors are reminded that, as set out in the announcement of 3 October 2003,
one of the subsidiaries of the company, which is not involved in the Skeyfontein
project, has been placed under provisional liquidation. The company is actively
pursuing all options open to it in this matter.
15 October 2003
Corporate adviser
QuestCo (Pty) Limited
Sponsor
Sasfin Corporate Finance
A division of Sasfin Bank Limited
Date: 15/10/2003 04:03:02 PM Supplied by www.sharenet.co.za
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