VANCOUVER, BRITISH COLUMBIA, June 26 /CNW/ - Iciena Ventures Inc. (TSX VENTURE:IIE) ("Iciena" or the "Company") is pleased to announce that it entered into an agreement to acquire a 100% interest in a 63,000-hectare claim block north of Cuiaba, Brazil, subject to TSX Venture Exchange approval. The acquisition of 100% interest in these claims brings Iciena's 100%-owned claim block to 200,000 hectares (the "Brazilian Project").
The Company is also pleased to announce the results of the stream samples from the Brazilian Project. Of the 39 samples collected, 13 samples contained diamond indicator minerals and one sample contained a diamond. The samples indicate that the source kimberlites have eclogitic and lherzolitic diamond populations. The pristine angular to slightly worn surface textures of the majority of the diamond inclusion grains testify to the proximity of the source.
Significantly, 14 diamond inclusion chrome diopsides were also contained within the samples. The importance of the chrome diopsides is two-fold. First, chrome diopsides are prone to weathering in the tropical conditions present in the field area. Chrome diopsides do not typically persist for distances greater than five kilometres from source. The near-pristine surface textures of the chrome diopsides suggest a primary source far closer than five kilometres. Second, proprietary techniques developed at C.F. Mineral Research Ltd., where the samples were processed, indicate that 13 of the 14 chrome diopsides have compositions consistent with those known to have grown with large diamonds.
Iciena also reports that additional work is progressing on the claims under the direction of Dr. Charles Fipke. Heavy mineral samples have been collected to follow up on previously discovered diamond indicator grains and to provide full sample coverage of the claim block. 147 heavy mineral samples have already arrived at C.F. Mineral Research Ltd. and their results are expected shortly. In addition samples from 15 known kimberlite pipes located on the property have been collected and sent to C.F. Minerals for processing. These 100 to 300 kg samples are mostly from unsampled or insufficiently sampled kimberlites and will be analysed for indicator minerals and diamonds.
The reader is cautioned that none of the reserves cited in this press release are NI 43-101 compliant and the reader should not rely on the same until such time as a NI 43-101 compliant report is prepared for the Brazilian Project.
About Iciena Ventures Inc.
The Company is a publicly traded, junior exploration company engaged exclusively in diamond exploration in Brazil.
Iciena Ventures Inc.
"Harry Lappa"
Harry Lappa
Chief Financial Officer and Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.