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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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Thu Oct 5, 2006
19 New Kimberlite Float Occurrences on Amaruk Further Demonstrates the Prolific Nature of the Property's Central Block
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Vancouver, October 5th, 2006 -- Diamonds North Resources Ltd. (DDN -- TSX Venture) announces that nineteen new kimberlite float occurrences have been discovered on its 100% owned Amaruk property in the Pelly Bay region in Nunavut. Eighteen of the nineteen float occurrences were found in locations separate from the 5 drill confirmed kimberlites announced on September 20, 2006. Significant volumes of kimberlite were collected from eight of these new occurrences and are being analyzed for diamonds. The diamond results will be used to prioritize the associated targets for drilling.
The nineteen kimberlite float occurrences discovered this year are in addition to the fifteen discovered in 2005, bringing the total to more than 30 discrete prospects. Each of the occurrences is associated with one or more geophysical anomalies. The kimberlite varies from site to site and is mainly comprised of macrocrystic hypabyssal kimberlite. Over one tonne of kimberlite was collected from the eight occurrences and is summarized in the table below; this is in addition to the 3 tonnes of kimberlite submitted for diamond analysis from the 5 drilled kimberlites (Umingmak, Qavvik, Walrus, Beluga & Char).
Float Occurrences
Name sample
weight (Kg)
KFS-1 160
KFS-2 173
KFS-3 80
KFS-4 130
KFS-5 183
KFS-6 87
KFS-7 145
KFS-8 139
In 2006 more than 1400 till samples were collected from the property of which 240 have been processed. From this new data, several new areas have been identified with anomalous kimberlite indicator minerals which led to the discovery of four new kimberlite float occurrences. Two till samples from one of the areas yielded more than 58,000 and 10,000 kimberlite indicator minerals respectively (lab estimates, more than 800 grains in the 1 to 2 mm size fraction) indicating proximity to source. These areas will be followed-up by further prospecting and geophysics. A small portion of the till samples have been processed and the Company believes as the remaining samples are processed it is likely that additional areas with anomalous kimberlite indicator minerals will be identified. This is significant in that most of the kimberlites discovered to date have all been located in areas of indicator mineral support.
During the 2006 exploration program, over 25,000 line kilometres of detailed magnetic surveying was completed over parts of the property not previously flown. Preliminary interpretation has identified numerous targets for drilling. Any new targets generated will be in addition to the 300 plus already identified on the central block from previous data.
The kimberlite float samples have been shipped to SGS Lakefield Research Laboratories for caustic fusion and diamond recovery.
Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing the data for the project.
The Pelly Bay region is Canada's newest diamond district. Diamonds North has the dominant land position in the region and is exploring a kimberlite field with proven diamondiferous kimberlite and exceptional diamond characteristics. With the recent discovery of 23 new kimberlite occurrences by drilling and prospecting, the Company believes that the Amaruk project offers shareholders increased opportunity of discovering Canada's next diamond mine.
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
For further information, please contact:
Diamonds North Resources Ltd.
Corporate Communications: Nancy Curry
Telephone:
Facsimile:
Website: diamondsnorthresources.com
Email:
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 12, 2006, Diamonds North and Arctic Star to Explore in Canada's Newest Kimberlite District
You can view the Previous News Releases 2006 item: Wed Sep 27, 2006, Drill Targets Identified on the Ualliq property
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