Canterra Minerals Ltd

Published : February 28th, 2008

Drilling Commences on Weiland Project

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Keywords :   Canada | Copper | Nickel |

Thursday, February 28, 2008
Drilling Commences on Weiland Project

Vancouver, B.C. -- Diamondex Resources Ltd. (DSP-TSX.V) ("Diamondex") is pleased to announce that drilling has commenced on the Weiland project, located in the Kyle Lake kimberlite cluster area of the James Bay Lowlands of Northern Ontario. (See www.diamondex.net for project location and details).

The $1.8 Million 2008 winter exploration program will include the drill testing of 40 high priority magnetic targets utilizing two light-weight reverse circulation drills. Ground geophysical surveying began on February 15th to detail magnetic anomalies in advance of the drilling.

An additional 3,600 line kilometres of low-level, high-resolution, airborne magnetic data was recently acquired by the joint venture (see news release dated November 8, 2007) and is currently being analyzed. Any additional high priority anomalies identified will be staked during the current exploration program. Prior to the purchase of the most recent airborne data set, a total of 56,500 line kilometres of a similar quality magnetic surveys, flown on 100 metre-spaced lines was evaluated and 98 claims were staked over 100 magnetic anomalies.

The Weiland Project is located approximately 120 kilometres west of De Beers Canada's Victor mine and in the vicinity of the Noront Resources nickel-copper-PGM massive sulphide discovery. The property is held under a 60:40 joint venture with De Beers Canada Inc. with Diamondex as Operator. De Beers has elected not to participate in this upcoming winter program and its joint venture interest will be diluted accordingly.

Mr. Raymond Ashley, P.Geoph. Vice President of Exploration for Diamondex is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the content of this press release.

DIAMONDEX RESOURCES LTD.

"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.
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

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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