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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...
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| | March 04, 2010
Diamonds North Discovers Additional High Grade Copper, Silver, and Bismuth on Hepburn Project
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| | VANCOUVER, March 4th, 2010 -- Diamonds North Resources Ltd. (TSX-V: DDN) announces high grade copper, silver, and bismuth assays from recently discovered showings on its Hepburn copper-silver project located in the Northwest Territories. Grab samples have returned up to 19.8 % copper, 123.0 grams per tonne silver, 0.20% uranium and 0.17% bismuth.
These showings are located along the southern margin of a geophysical anomaly defined by a 3.5 kilometre by 1.5 kilometre magnetic high and semi-coincident radiometric anomaly (uranium, potassium and thorium) detected by airborne surveying. Grab samples from the area are shown in the table below. Anomalous gold values ranging from 72 ppb to 258 ppb suggest the system is gold bearing.
| Sample |
Copper (%) |
Silver (g/T) |
Bismuth (%) |
U (%) |
Au (ppb) |
| 1 |
19.8 |
72 |
0.17 |
0.003 |
72 |
| 2 |
7.6 |
32.5 |
0.124 |
n/a |
216 |
| 3 |
5.8 |
31.1 |
0.04 |
0.009 |
150 |
| 4 |
4.12 |
123 |
0.03 |
0.03 |
258 |
| 5 |
0.14 |
4.2 |
n/a |
0.2 |
2 |
"With minimal cost we have identified a large area with numerous high grade copper, silver and bismuth showings, suggesting a significant mineralized system exists on the Hepburn project. Now, our exploration objective is to delineate areas with potential for large deposits" says Mark Kolebaba, President & CEO of Diamonds North.
Trench sampling on the north flank of this geophysical anomaly returned values of up to 2.9% copper and 218.5 grams per tonne silver over three metres (News Release NR09-08, dated May 21st, 2009).
The mineralization occurs in breccias, vein stockworks and faults. Alteration minerals include potassium feldspar, hematite, magnetite, carbonate, actinolite, chlorite, epidote, quartz, sericite and albite. Important pathfinder elements for iron-oxide deposits such as cerium, lanthanum, flourite and barium are elevated in many rock samples collected by Diamonds North.
The next exploration program for the Hepburn copper-silver project will entail ground geophysics, soil sampling and detailed mapping designed to delineate areas of mineralization for drilling.
The Hepburn project is 100% owned by Diamonds North Resources with the exception of the uranium rights that are held by Uranium North Resources Corporation in accordance with a plan of arrangement agreement signed in 2006.
Graham Gill (P. Geo) is Diamonds North's qualified person reviewing this project. Mr. Gill is responsible for the design and conduct of exploration programs and the verification and quality assurance of analytical results. All assay results are provided by Saskatchewan Research Council Laboratory.
About Diamonds North
Diamonds North uniquely maximizes value through innovative & cost effective exploration methods, plus leveraging commodity & business opportunities derived from its vast land holdings in Canada's under explored north.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba
President & CEO
For additional information please contact:
Nancy Curry
VP Corporate Communications
Diamonds North Resources Ltd.
Telephone: (604) 689-2010
Facsimile: (604) 484-7143
Email: info@diamondsnorth.com
Website: www.diamondsnorth.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 2009 item: Fri Mar 5, 2010, Diamonds North Presenting at the 2010 PDAC on Innovative Exploration Approach
You can view the Previous News Releases 2009 item: Sun Jan 17, 2010, Diamonds North Discovers another Gold Source on Amaruk
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