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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 Sep 27, 2006
Drill Targets Identified on the Ualliq property
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News Release: 06-30
VANCOUVER, September 27, 2006 - Diamonds North Resources Ltd. (TSX-V: DDN) and International Samuel Exploration Corp. (TSX-V: SAZ) announce that the companies have completed an airborne magnetic survey over the eastern part of the Ualliq property located in the Pelly Bay region of Nunavut. Several targets have been identified in areas with kimberlite indicator minerals. Planning for a drill program is underway. The Ualliq property is adjacent to Diamonds North's 100% owned Amaruk project on which five kimberlites have been drilled (See release NR06-29 Sept. 20, 2006).
During the 2006 program, 327 till samples were collected from the project and submitted for processing and picking. These samples were collected on a detailed grid to follow-up existing kimberlite indicator mineral anomalies. More than 3520 line kilometers of magnetic airborne surveying have been completed on the property. Interpretation of the data is underway and any resulting targets will be selected for drilling. An additional 2870 line kilometers are expected to be completed in the next couple of weeks. Part of the area to be flown covers a large kimberlite indicator mineral anomaly demonstrating very strong up ice cut-off and good diamond potential. This area will be a focus for the project.
Mark Kolebaba, president of Diamonds North states "Two kimberlite fields have been discovered in the Pelly Bay region. We believe that the Ualliq property will deliver a third. The knowledge gained on the Amaruk property will be invaluable for targeting kimberlite on Ualliq."
The companies believe that a new kimberlite field separate from the Amaruk property exists on the property. International Samuel has an option to earn a 30 % interest in the Ualliq project which is owned 100% by Diamonds North.
Conrad Swanson, president of International Samuel states "We are excited about this project - all of the companies that have gone into the region to drill geophysical targets with indicator mineral support have discovered new kimberlites."
The Pelly Bay region of Nunavut has emerged as Canada's newest diamond district. Kimberlite occurrences on the Amaruk project have yielded very encouraging diamond counts and excellent diamond characteristics (see News Release NR06-13, May 9th, 2006). More recent kimberlite discoveries in the region confirm the existence of larger kimberlite bodies and the presence of multiple kimberlite fields.
Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing the data for the project.
International Samuel has received regulatory approval for the Ualliq property agreement announced August 2nd, 2006 (see Diamonds North News Release NR06-26). One million shares of International Samuels have been issued to Diamonds North and are subject to a hold period and may not be traded until December 11, 2006.
Diamonds North is a dynamic exploration team focused on strategically advancing diamond opportunities and is determined to discover Canada's next diamond mine.
International Samuel is a junior resource exploration company focused on diamond exploration in northern Canada.
ON BEHALF OF THE BOARDS OF DIRECTORS
Mark Kolebaba
President & CEO
Diamonds North Resources Ltd.
Conrad Swanson
President & CEO
International Samuel Exploration Ltd.
For further information, please contact:
Corporate Communications: Nancy Curry
Diamonds North Resources Ltd.
Telephone:
Facsimile:
Website: www.diamondsnorth.com
Email:
Investor Relations : Doug Kerr,
International Samuel Exploration Corp.
Telephone:
Toll Free: 1-
Facsimile:
Website: www.internationalsamuel.com
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: Thu Oct 5, 2006, 19 New Kimberlite Float Occurrences on Amaruk Further Demonstrates the Prolific Nature of the Property's Central Block
You can view the Previous News Releases 2006 item: Wed Sep 20, 2006, Diamonds North Increases Kimberlite Tally to Five Demonstrating Amaruk's Potential for Many More
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