SPIDER and KWG Discover a New Kimberlite with the help of DIAGNOS
BROSSARD, QUEBEC--(Marketwire - June 30, 2010) - DIAGNOS inc. ("DIAGNOS" or "the Corporation") (TSX VENTURE:ADK), a leader in the use of artificial intelligence and advanced knowledge extraction techniques, announces today that it has helped Spider Resources Inc. ("Spider" – TSX Venture: SPQ) and KWG Resources Inc. ("KWG" – TSX Venture: KWG) discover a new kimberlite located on the eastern edge of the "Ring of Fire" exploration area and in the vicinity of the Kyle swarm of kimberlites. The new kimberlite is called Kyle #6 and was hidden beneath 35 metres of Paleozoic carbonate cover rock including limestone and dolomite. As of 7 am yesterday morning vertical Hole DGN-10-01 intersected diatreme facies kimberlite between 35 metres and 111 metres downhole. Drilling continues with one drill rig on this new discovery. A second hole is currently being planned to continue the test of this new kimberlite. Samples will be sent for diamond content testing upon completion of the program. The DIAGNOS Initiative project is funded equally by Spider and KWG on a 50:50 basis.
The target anomaly was prioritized for acquisition and follow-up several years ago using a combination of regional airborne fixed wing magnetic geophysical methodology, local helicopter magnetic surveying, as well as a regional review by DIAGNOS using our proprietary Computer Aided Resource Detection System "CARDS" methodology for screening out and prioritizing anomalies.
The current drill test is a follow up to a ground magnetic geophysical program completed in 2006 as well as a recent horizontal loop electromagnetic "HLEM" program completed about a week ago. The HLEM program concluded that the distinct magnetic feature was not conductive, ruling out the possibility of sulphides being the cause of the magnetic signature, providing more confidence in the initial interpretation of kimberlite source. Billiken Management Services Inc. of Toronto, Ontario is providing services for the program, under the field supervision of Patrick Chance M.Sc. P.Eng., an independent qualified person as defined by National Instrument 43-101.
"We are very happy with this important conclusive announcement. We have been working with our customers in identifying mineral deposits and this news confirms that our technology is helping companies such as Spider and KWG analyse their enormous data sets. The knowledge hidden in this huge amount of data is very complex and we can make this a more productive analysis with the help of our customer's geology teams. The Spider/KWG project was done using data available from the government and also proprietary data from our customer" declared André Larente, DIAGNOS' CEO.
