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Jan 14, 2008 : Diamonds North Announces Two More Kimberlites With High Diamond Counts... more...
Jan 08, 2008 : Diamonds North Recovers 550 Diamonds from 81.75 Kilograms of Tuktu-1 K... more...
Dec 13, 2007 : Siku Project Update more...
Dec 05, 2007 : Ualliq Project Update more...
Nov 30, 2007 : Diamonds North Completes Flow-Through Financing more...
Nov 30, 2007 : Diamond Market Conditions and Sakari Update more...
Nov 23, 2007 : Diamonds North Announces Flow-Through Financing more...
Oct 31, 2007 : New Nunavut Nickel Discovery more...
Oct 10, 2007 : Diamonds North Increases Kimberlite Tally to 22 on Amaruk more...
Sep 11, 2007 : Diamonds North Discovers 11 New Kimberlites on Amaruk more...
Aug 24, 2007 : Diamonds North Completes Flow-Through Financing more...
Aug 15, 2007 : Diamonds North Announces Flow-Through Financing more...
Jul 20, 2007 : Diamonds North Completes Banks Island Acquisition more...
Jul 19, 2007 : Diamonds North Announces Flow-Through Financing more...
Jul 11, 2007 : Diamonds North Provides Update on Hepburn more...
Jul 05, 2007 : Diamonds North acquires 100% interest in the Banks Island Project more...
May 24, 2007 : Diamonds North Expands Amaruk Exploration Program Bulk Samples & Drill... more...
Dec 04, 2006 : Uranium North Set To Close Financing And Commence To Trade more...
Nov 16, 2006 : Diamonds North Announces Closing of $7 Million Private Placement 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...
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2006 | 2005 | 2004 | 2003 | 2002
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Wed Aug 23, 2006
Target Testing Underway at Amaruk -- New Kimberlite Discovered
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Vancouver, August 23, 2006 -- Diamonds North Resources Ltd. (DDN -- TSX Venture) announces the discovery of Qavvik (Wolverine), a new kimberlite on the central block of the 100% owned Amaruk property in the Pelly Bay Diamond District of Nunavut. Drilling will continue to test a variety of targets across the central block of the Amaruk property.
The new Qavvik kimberlite is represented by a 240 x 180 metre magnetic anomaly. This is the first kimberlite pipe discovered by drilling on the property. The Company has identified several similar geophysical anomalies for future testing.
The physical and lithological characteristics of the Qavvik kimberlite are very different from other kimberlite found at the surface on the property to date. Qavvik is a soft, coarse-grained olivine macrocrystic kimberlite with visually identified pyrope garnets and possible upper diatreme textures. Approximately 430 kilograms (estimated field weight) of the Qavvik kimberlite from two vertical reverse circulation (RC) drill holes have been collected for microdiamond analysis. The Qavvik kimberlite is covered by approximately 30 metres of overburden sediments.
Mark Kolebaba, President of Diamonds North states "This is a great looking kimberlite with large size potential in a proven diamond district. We are very eager to receive the diamond results for this pipe."
The Company has engaged a light weight RC drill with the ability to penetrate to a depth of about 100 metres, allowing the Company to test numerous anomaly types across the property at low cost. Drill results for the remainder of the program will be summarized and reported at the end of the program. The Company has identified approximately 420 geophysical anomalies on the central block to date from the 2004 and 2005 airborne surveys. The anomalies form a full range of priority targets which include magnetic high and low signatures and several targets in the 3 to 10 hectare size range.
The southeastern extent of the previously announced Umingmak kimberlite pipe (discovered in 2005 by prospecting) was also tested by drilling. Approximately 570 kilograms (estimated field weight) of kimberlite have been collected for microdiamond analysis.
In addition to the discovery of the Qavvik kimberlite by drilling, the Company continues to discover kimberlite by prospecting. Numerous kimberlite float occurrences have been identified including 7 occurrences with at least 50 to 200 kilograms available for microdiamond analysis. Several of the kimberlite occurrences are near untested geophysical targets.
The Pelly Bay region is Canada's newest diamond district. Diamonds North has the largest land position in the region and is exploring a kimberlite field with proven diamondiferous kimberlite and exceptional diamond characteristics. With the recent discovery of kimberlite by drilling, the Company believes that the Amaruk project offers shareholders increased opportunity of discovering Canada's next diamond mine.
Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing the data for the project.
Diamonds North is a dynamic exploration team focused on strategically advancing diamond opportunities and is determined to discover Canada's next diamond mine.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Kolebaba
President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
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You can view the Next News Releases 2006 item: Wed Sep 20, 2006, Diamonds North Increases Kimberlite Tally to Five Demonstrating Amaruk's Potential for Many More
You can view the Previous News Releases 2006 item: Tue Aug 15, 2006, Shear Minerals and Diamonds North to Explore the Sakari property
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