TORONTO, ONTARIO--(Marketwire - Sept. 17, 2009) - Talmora Diamond Inc. ("Talmora") (CNSX:TAI) is pleased to announce that it has completed an airborne magnetic survey of 865 line kilometers, collected 45 till samples and has staked an additional 12,861 acres of claims covering magnetic anomalies in the Horton River area south of Paulatuk in the Northwest Territories.
Talmora now holds 13 contiguous prospecting permits (577,153 acres) and 175 mineral claims (54,800 acres) on crown land in the area straddling the 68th parallel. Ten of the permits are in the Sahtu Settlement Region and three permits and all the claims are in the Inuvialuit Settlement Region. The issuance of four of the above Sahtu permits together with all permits issued to others in the Sahtu region in 2008 are currently subject to a judicial review.
Previous sampling shows a strong correlation between kimberlite indicator minerals in till samples and magnetic anomalies with characteristics of kimberlite pipes. Many of the magnetic anomalies coincide with small shallow rounded ponds or lakes located roughly along N65 degrees-80 degrees E lines within the west half of a major circular morphostructure (topographic structure) whose west side lies 10 kilometers west of Talmora's original property.
The lines of rounded ponds extend west of Talmora's original property and the most significant of these, within the boundary of the major circular morphostructure, were staked in July. Concurrent with the staking an airborne magnetic survey was flown over the newly staked ponds as well as over many ponds outside the major circular morphostructure.
Preliminary results showed that, as expected, most of the newly staked ponds have coincident magnetic anomalies. Significant magnetic anomalies that were detected under other ponds and elsewhere along the survey flight paths, both inside and outside the major circular morphostructure, were also staked. Magnetic survey profiles are currently being evaluated and anomalies are being modeled.
The 45 till samples that were collected during the field program tested the down-ice side of a number of magnetic anomalies. They have been shipped to a laboratory and will be concentrated and sorted when new funds are available.
Talmora has taken advantage of the economic crisis and the resulting downturn in exploration to add to its inventory of kimberlite targets in preparation for a major drill program.
The technical information contained in this release was compiled by Alan W. Davies, P.Eng., P.G., who is the Vice-President of Exploration for Talmora. Alan W. Davies is a qualified person as defined by National Instrument 43-101.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Talmora, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Talmora's expectations are exploration risks detailed herein and from time to time in the filings made by Talmora with securities regulators.
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