CALGARY, ALBERTA--(CCNMatthews - Oct. 6, 2004) - Golconda Resources Ltd. and its joint venture partners are pleased to announce that they have received test results from this year's drilling program on the Shulin Lake property in Alaska. Five holes were drilled (DSL 18 - DSL 22) from which 19 selected samples were sent to SGS Lakefield Research Limited for caustic fusion and diamond recovery. Each sampled weighed up to 8 kg. Three micro diamonds were discovered which have the following dimensions: (0.66x0.43x0.41 mm) (0.29x0.20x0.10 mm) and (0.17x0.14x0.08 mm). All diamonds are white, transparent and fragments with the largest diamond showing some crystal faces. The diamondiferous sample was recovered from hole 22. The drill holes were widely spaced with more than 200 m spacing. Hole 22 was drilled 600 m north of the others. The holes were drilled to test a large (several kilometres diameter) circular topographical feature recognizable on the satellite photo. The drilling identified the centre of a volcanic system.
The diamond drill bits used in the program were certified to contain no natural diamonds. SGS Lakefield Research Limited carried out the caustic dissolution tests. Gerhard Jacob, manager of exploration was the qualified person in the field and carried out the sampling and logging of the core.
In 2002 micro diamonds were found in drill hole DSL 10 about 3 km to the south. Golconda is pleased that it has succeeded to track these diamonds back to its volcanic centre which, is the possible source for the diamonds. The western and northern part of the circular feature have not been drilled yet and will be the target of the next drill program.
The property is 51% owned by Golconda and the retaining interest is held by Shulin Lake Mining Inc. and by Shear Minerals Ltd. a TSX Venture listed company.
On behalf of Golconda Resources Ltd.,
"signed"
Guenter J. Liedtke,
President
FOR FURTHER INFORMATION PLEASE CONTACT:
Golconda Resources Ltd. Guenter Liedtke (403) 232-6828 (403) 232-8650 (FAX) Email: golcondaresources@telus.net Website: www.golcondaresources.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
