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Aug 17, 2010: Diamonds North Increases Extent Of HI-2 Iron Formation Over 800% more...
Aug 12, 2010: Diamonds North Beluga-3 Bulk Sample Progress more...
Jul 22, 2010: Diamonds North Closes Final Tranche Of Financing more...
Jul 22, 2010: Diamonds North Extends HI-1 Along Strike And Identifies Abundance Of Gossan Zones At HI-2 more...
Jul 16, 2010: Diamonds North Begins Halkett Inlet Gold Program more...
Jul 14, 2010: Diamonds North Closes Tranche 2 Of Financing more...
Jul 13, 2010: Diamonds North Begins Work At Amaruk more...
Jul 08, 2010: Diamonds North Closes Tranche 1 of Financing more...
Jul 05, 2010: Diamonds North Increases Flow-Through Financing more...
Jun 15, 2010: Diamonds North Announces Flow-Through Financing more...
Nov 04, 2008: Diamonds North Provides Update on Mini-Bulk Sample Processing more...
Oct 21, 2008: Debt Settlement Agreement more...
Oct 01, 2008: Diamonds North's President and CEO Presenting at the Cambridge House 2008 Toronto Resource Investment Conference more...
Sep 25, 2008: Diamonds North Increases Kimberlite Tally to 29 on Amaruk more...
Sep 18, 2008: Diamonds North Begins Processing Tuktu and Qavvik Bulk Samples to Test for Larger Diamonds more...
Sep 03, 2008: Diamonds North Grants Stock Options more...
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| | October 31, 2007
New Nunavut Nickel Discovery
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| | Vancouver, British Columbia - Oct. 31, 2007 - Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces the discovery of high-grade nickel in outcrop on its 100% owned Amaruk property in Nunavut.
Grab samples from a highly oxidized, sulfide rich zone within suspected gabbro yielded high nickel values with associated copper and cobalt. Sample 1 yielded 1.36% nickel, 0.21% copper and 0.07% cobalt. Assays from five samples collected from the location are listed below.
The sulfide mineralized outcrop is approximately 20 to 30 metres wide and slopes gently into an extensive low lying area with no outcrop exposure. (See photos) Associated with this location is a 700 to 1500 metre-long magnetic anomaly with estimated widths ranging from 20 to 65 metres. Other similar anomalies and oxidized sulfide zones exist in the area.
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Sample Assays
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Nickel Copper Cobalt
Sample % % %
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1 1.36 0.21 0.07
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2 0.92 0.25 0.05
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3 0.63 0.28 0.02
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4 0.50 0.24 0.04
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5 0.35 0.14 0.02
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"Having explored for nickel for more than 20 years, these results are significant and highly encouraging. If other nearby anomalies or gossans also return anomalous nickel values, we may well have discovered a new nickel district in Canada," says Bernard Kahlert, Director of Diamonds North.
Sulfides were observed in the outcrop samples. Due to strong oxidization and leaching, some metal loss is likely. Hand specimens are moderately to strongly magnetic.
The Company is planning a detailed EM survey over the area to better define drill targets.
B. Kahlert (P. Eng.) is Diamonds North's qualified person reviewing the data for this nickel project. Mr. Kahlert has been associated with several nickel discoveries including Forrestania and Maggie Hays Hill in Australia.
All samples were analyzed at ALS Chemex (ALS Laboratory Group-Mineral Division) in North Vancouver, BC. ALS Chemex is accredited by the QMI Quality Registrars to ISO 9001:2000, and by the Standards Council of Canada to ISO 17025. A standard aqua-regia digestion and ICP-AES package was used on all samples. Ore grade assays were analyzed by AA.
Diamonds North Resources is rapidly evolving and committed to building long-term value for shareholder through ongoing discoveries and leveraging business opportunities from its vast land holdings.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba, President and CEO
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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