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Dec 04, 2006 : Uranium North Set To Close Financing And Commence To Trade more...
Oct 26, 2006 : $6 Million "Bought Deal" Financing more...
Oct 12, 2006 : Diamonds North and Arctic Star to Explore in Canada's Newest Kimberlit... more...
Oct 05, 2006 : 19 New Kimberlite Float Occurrences on Amaruk Further Demonstrates the... more...
Sep 27, 2006 : Drill Targets Identified on the Ualliq property more...
Sep 20, 2006 : Diamonds North Increases Kimberlite Tally to Five Demonstrating Amaruk... more...
Aug 23, 2006 : Target Testing Underway at Amaruk -- New Kimberlite Discovered more...
Aug 15, 2006 : Shear Minerals and Diamonds North to Explore the Sakari property more...
Aug 02, 2006 : Diamonds North and International Samuel to Explore the Ualliq property more...
Aug 01, 2006 : Diamonds North Closes Plan of Arrangement for Shareholders to Receive ... more...
Jul 19, 2006 : Diamonds North sets Effective Date for Shareholders to Receive Uranium... more...
Jul 17, 2006 : Pathfinder Starts Major Airborne Geophysical Survey at Thelon Basin Ur... more...
Jul 14, 2006 : Diamonds North Grants Options more...
Jul 13, 2006 : Diamonds North To Drill The Amaruk Project more...
Jul 12, 2006 : Diamonds North Completes $3,265,000 Equity Financing more...
Jul 11, 2006 : Diamonds North Financing Update more...
Jul 05, 2006 : Diamonds North and Majescor Developing Drill Targets on Banks Island more...
Jun 29, 2006 : Diamonds North Announces Equity Financing more...
Jun 27, 2006 : Diamonds North Positions Uranium North in Athabasca, Thelon and Hornby... more...
Jun 22, 2006 : Diamonds North Receives King Eider Diamond Results more...
Dec 14, 2005 : Diamonds North Completes $4,500,000 Equity Financing more...
Dec 07, 2005 : Diamonds North Increases Equity Financing To $ CDN 4,500,000 more...
Nov 23, 2005 : Diamonds North Announces Equity Financing more...
Nov 10, 2005 : Blue Ice 2005 Exploration Program Summary more...
Nov 09, 2005 : Majescor and Diamonds North Advance Potential Diamond District on Bank... more...
Sep 28, 2005 : Kimberlite Discoveries Begin on Amaruk more...
Sep 22, 2005 : Pathfinder and Diamonds North Increase Vast Land Position for Uranium ... more...
Jul 26, 2005 : Diamonds North Identifies New Uranium Opportunities on Diamond Claims more...
Jul 22, 2005 : Diamonds North Completes Private Placement more...
Jun 27, 2005 : Non-Brokered Private Placement more...
Jun 07, 2005 : Diamond Sizes Prompt Diamonds North to Increase Washburn Ownership to ... more...
Jun 01, 2005 : Uranium Potential Confirmed on Thelon Diamond Project more...
May 19, 2005 : Bill Zimmerman Joins Diamonds North Board more...
Apr 21, 2005 : King Eider Yields Three Quarter Carat Diamond more...
Apr 20, 2005 : Diamonds North and Stornoway Enter into Agreement to Explore Manitoba ... more...
Apr 14, 2005 : Diamonds North Capitalizes on Commodity Opportunities more...
Apr 12, 2005 : Prioritization of Drill Targets on Arnak more...
Apr 01, 2005 : Diamonds North Identifies Another Potential Diamond District on the Sl... more...
Mar 23, 2005 : Grant of Incentive Stock Options more...
Feb 28, 2005 : Blue Ice Property Update more...
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2006 | 2005 | 2004 | 2003 | 2002
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Thu Sep 22, 2005
Pathfinder and Diamonds North Increase Vast Land Position for Uranium in the Thelon Basin
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News Release 05-20
Vancouver, BC, September 22, 2005 - Pathfinder Resources Ltd. (TSX-V: PHR) and Diamonds North Resources Ltd. (TSX-V: DDN) announce that a substantial block of claims along the eastern margin of the Thelon Basin in the Northwest Territories, Canada has been staked under their Thelon Uranium Joint Venture Agreement. These claims adjoin the Joint Venture's 2.5 million acre permit block -- already the largest land position in the Thelon Basin. The new claims are of strategic importance as they cover the possible up-ice uranium sources of a 20 km by 3 km radioactive sandstone boulder train. The new property also encompasses a high concentration of uranium enriched boulders over a 5 km by 3 km area near the Basin's margin.
The existence of radioactive sandstone boulders on the Property supports the Project's potential to host unconformity-style uranium deposits. The significance of the radioactive boulders is that they could reflect upward leakage from high-grade uranium sources at the sandstone basin/basement unconformity contact. Uranium enriched boulders have been found above several high-grade uranium deposits in the geologically similar Athabasca Basin, including Cameco Corporation's (TSX: CCO) McArthur River deposit, the world's highest-grade uranium mine.
The Joint Venture's 2005 exploration program at Thelon is designed to identify priority target areas for deep penetration airborne electromagnetic (EM) surveys to locate graphitic conductors, which may be associated with unconformity uranium deposits. During the summer, a regional till sampling program was completed over the entire project area with more detailed geochemical soil sampling over and up-ice of known radioactive sandstone boulders. Low level helicopter-borne magnetic and radiometric surveying is planned to commence shortly with the objective to better delineate the extent and distribution of the radioactive boulders and ultimately trace the boulders to bedrock source. Special Projects Inc. is conducting the airborne surveys.
The Thelon Basin is geologically similar to the Athabasca Basin in Saskatchewan, located 300 kilometres south, where a number of high-grade unconformity and sub-unconformity deposits have been discovered. The Thelon Basin hosts Cogema Corporation's Kiggavik uranium deposit (approximately 40 million lbs. of U3O8) and a number of unconformity and sub-unconformity related uranium prospects. Compared to the Athabasca Basin, the Thelon Basin is relatively under explored and has not yet been extensively subjected to the state-of-the-art methods being used to explore the Athabasca Basin.
Interest in the Thelon Basin for exploration for high-grade unconformity deposits has increased significantly in 2005. During the summer, Cameco Corporation, one of the world's largest uranium producers, entered into two agreements to explore for uranium in the region, including a $10 million option/joint venture with Uravan Minerals Inc. (TSX-V: UVN) on their Boomerang property situated 15 km west of Pathfinder's land position. Uravan anticipates a substantial drill program will commence at Boomerang in early 2006.
Recording of the new claims with the mining recorder will start before the end of September. Pathfinder holds an option from Diamonds North Resources Ltd. to earn an 80% interest in the Thelon Basin Property's uranium rights including the newly staked claims (see April 14, 2005 news release).
About Pathfinder Resources Ltd.
Pathfinder Resources is a mineral exploration company focused on the discovery of world-class deposits of high-value commodities. With uranium interests covering in excess of 2.5 million acres, Pathfinder has an option on the largest land position in Canada's Thelon Basin region, recognized as one of the premier areas for discovery of uranium deposits. Pathfinder is also a partner in a three-company syndicate formed to identify and acquire prospective uranium properties in Central America. The Company also holds a 100% option interest in the Dude copper-molybdenum-gold property in British Columbia. Shares of Pathfinder are listed on the TSX Venture Exchange with the symbol "PHR". For further information visit the Company's website at www.pathfinderresources.com.
About Diamonds North Resources Ltd.
Diamonds North is a dynamic exploration team focused on strategically advancing diamond opportunities and determined to discover Canada's next diamond mine. The company remains focused on exploring its 27 million acres of land in Canada for diamonds and remains committed to adding shareholder value by capturing other commodity potential from its large land positions. For further information visit the Company's website at diamondsnorthresources.com.
Victor A. Tanaka
President
Pathfinder Resources Ltd.
Mark Kolebaba
President
Pathfinder Resources Ltd.
Contacts:
John Gomez, Investor Relations
Pathfinder Resources Ltd.
Tel:
Email:
Nancy Curry, Corporate Communications
Diamonds North Resources Ltd.
Tel:
Email:
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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