Canterra Minerals Ltd

Published : March 11th, 2008

Diamondex Updates Airborne Geophysical Survey over James Bay Lowlands

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Keywords :   Canada | Nickel |

Tuesday, March 11, 2008
Diamondex Updates Airborne Geophysical Survey over James Bay Lowlands

Vancouver, B.C. - Diamondex Resources Ltd.'s (DSP-TSX.V) (the "Company") wholly-owned subsidiary, Nickel Bay Resources Inc., is pleased to announce that a 5,000 line kilometer airborne EM survey is currently in progress over its 100% owned claims in the James Bay Lowlands of Ontario. As of March 9, 2008, the survey was 25% completed and had already identified several high quality conductors coincident with strong magnetic anomalies. These conductors are interpreted to be excellent targets for magmatic sulphides.

This survey is being flown with Geotech's VTEM airborne electromagnetic survey system. The current survey will cover approximately a third of the 390,000 acre nickel exploration property held by Nickel Bay Resources in the area.

All targets are interpreted to be underlain by similar volcano-sedimentary stratigraphy that hosts Noront's Double Eagle nickel deposit and Spider-KWG's McFauld's Lake VMS deposits.

Nickel Bay is one of the largest property holders in the area, and has established a leading position in what could be one of Canada's last unexplored volcanic belts with demonstrated economic potential.

The current field program is being managed by Raymond Ashley, P.Geo., of Diamondex Resources Ltd., in conjunction with Jean-Denis Fournier, a base metals consultant with Triops Enterprises Ltd.

Mark Shore, P. Geo., a consulting geophysicist with Magma Geosciences, is providing QA/QC and data interpretation for the survey. He is a Qualified Person in accordance with National Instrument 43-101, and has reviewed and approved the content of this press release.

DIAMONDEX RESOURCES LTD. / NICKEL BAY RESOURCES INC.

"Randy C. Turner"

Randy C. Turner, President

For further information please contact Salimah Lalli at 604-687-6644 or diamonds@diamondex.net

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
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Canterra Minerals Ltd

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Canterra Minerals is a gold and cobalt exploration company based in .

Canterra Minerals holds various exploration projects in Canada.

Its main exploration properties are STONY ROAD, CACHE PROPERTY, DISMAL LAKE, BUFFALO HILLS, WOLLASTON NE, KENDALL RIVER, RANULF PROJECT, LOON RIVER, BRODEUR PROJECT, PASFIELD LAKE, CARAT PROPERTY, HILLTOP PROPERTY, KING PROPERTY, LENA WEST PROPERTY, MANN LAKE, WEST CARSWELL, RIVER LAKE / HIGHROCK, LAC DES BOIS PROPERTY, WEILAND JV, JAMES BAY PROPERTY, MOUNTAIN LAKE, AYLMER LAKE WEST, CZAR and GEORGE CREEK in Canada.

Canterra Minerals is listed in Canada and in United States of America. Its market capitalisation is CA$ 6.5 millions as of today (US$ 6.5 millions, € 4.4 millions).

Its stock quote reached its highest recent level on December 29, 2000 at CA$ 2.60, and its lowest recent point on February 27, 2009 at CA$ 0.02.

Canterra Minerals has 186 901 000 shares outstanding.

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Financings of Canterra Minerals Ltd
12/22/2007$5,000,000 Private Placement Completed
Option Grants of Canterra Minerals Ltd
4/20/2010Grant of Incentive Stock Options
Nominations of Canterra Minerals Ltd
6/7/2007Appoints Mr. Alex Davidson To The Board
Project news of Canterra Minerals Ltd
6/12/2009(James Bay Property)Drill Results for James Bay Lowlands-Nickel Bay Property
4/10/2008(Brodeur Project)Brodeur Project Update
12/19/2007(Loon River)Loon River Property Update
9/12/2007(Brodeur Project)Brodeur Project Update
6/6/2007(Lena West Property)Updates Lena West
Corporate news of Canterra Minerals Ltd
8/13/2009Business Combination
5/6/2008 Completes First Block of Airborne Geophysical Surveys over ...
3/11/2008Diamondex Updates Airborne Geophysical Survey over James Bay...
2/28/2008Drilling Commences on Weiland Project
2/20/2008Drilling Commences on Buffalo Hills Property
2/11/2008's Subsidiary Nickel Bay stakes 394,000 acres in the James B...
12/14/2007Acquires Ranulf Property, James Bay Lowlands, Ontario
12/7/2007Announces $5.0 Million Financing
12/6/2007Announce Buffalo Hills Exploration Program
11/29/2007Process 480 tonnes of Buffalo Hills Kimberlite
11/8/2007Weiland Project Update
10/1/2007Ontario Exploration Update
9/18/2007and Loon River First Nation reach Agreement to explore Reser...
7/30/2007Completes Purchase of Trigon's Diamond Properties
6/8/2007To Purchase Trigon'S Diamond Properties
5/31/2007to Commence 2007 Program on Brodeur Project
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