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News Update

posted on Apr 27, 2008 09:39AM

CCM Research Issues Update Report on Consolidated Global Diamond Corp.

Market Wire, April, 2008

CCM Research analyst, Kipley J. Lytel, CFA, has written an update report on Consolidated Global Diamond Corp.

Consolidated Global Diamond Corp. (TSX VENTURE: CK) is a Canadian based junior mineral company focused on providing sustainable growth and value to its shareholders through the strategic acquisition, exploration and development of diamond properties into productive mines. The Company is committed to successful and sustainable growth through responsible environmental, social, financial, political and operational management of its shareholders' assets.

In the report the analyst states, "the fact that it (CK) owns a large acreage close to Diavik and Ekati - Canada's most prominent diamond mines - and Snap Lake and Gahcho Kue deposits, suggests that the Company has an opportunity for success given financial resources remain intact."

The analyst continues, "Indeed, the preliminary exploration showed that Global Diamond's properties exhibit the same geological traits as the Ekati and Diavik mines."

Regarding drilling, the analyst notes: "The Company recently announced a drill program slated for this spring, aimed to be initialized in the coming months on CK's Courageous Lake property, a 385,000-acre site located within the Slave Lake geological province. This mining camp makes Canada the fourth largest diamond-producing country in the world."

A free copy of the report can be found at: http://www.baystreet.ca/articles/res...

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