Feb 19, 2013
: Amalgamation of Uranium North and Diamonds North Complete; Adamera Minerals Corp to Begin Trading more...
Feb 08, 2013
: Diamonds North and Uranium North Shareholders Approve Amalgamation more...
Dec 05, 2012
: Uranium North and Diamonds North Agree to a Strategic Business Amalgamation more...
Nov 29, 2012
: Diamonds North and Uranium North Report Trenching Yields 20 g/t Gold over 1.5 metres on Washington Gold Project more...
Oct 23, 2012
: Diamonds North and Uranium North Report Acquisition of Talisman Copper-Silver Mine more...
Oct 18, 2012
: Diamonds North and Uranium North Report High Gold and Silver Values at Empire Creek Property more...
Oct 11, 2012
: Diamonds North and Uranium North Announce Trenching Commences on the Poland China Gold Project more...
Oct 04, 2012
: Gold Target Areas Identified on the Poland China Project more...
Sep 18, 2012
: Diamonds North And Uranium North To Evaluate Gold Potential Of The Alder Mine In Washington State more...
Aug 14, 2012
: Diamonds North And Uranium North Complete Work On The Golden Reward Project more...
Jul 26, 2012
: Diamonds North and Uranium North Commence Exploration Program on Empire Creek more...
Jul 18, 2012
: Diamonds North and Uranium North Acquire Gold Property in Washington State, Exploration is Underway more...
Jun 13, 2012
: Diamonds North Continues to Build a Postion in Washington State with Additional Gold Asset more...
Jun 07, 2012
: Diamonds North Begins Exploration Program on the Poland China Gold Project in Washington State more...
Jun 01, 2012
: Diamonds North and Uranium North to Present Washington Gold Projects at the World Resource Investment Conference more...
May 31, 2012
: Diamonds North and Uranium North Acquire Gold Projects in Washington State more...
Mar 02, 2012
: Diamonds North Copper-Silver IOCG Video Presentation & Exhibiting at PDAC Booth 2322 more...
| ||June 13, 2012|
Diamonds North Continues to Build a Postion in Washington State with Additional Gold Asset
| ||Vancouver, BC, June 13, 2012 - Diamonds North Resources (TSX-V: DDN) and Uranium North Resource Corp. (TSX-V: UNR) ("the Companies") announce the acquisition of the Empire Creek Gold/ Silver property in Washington State. Highlights from a previous trenching program include results as high as 39.8 g/t gold over three metres and a drill intercept of 18.3 metres assaying 12.1 g/t gold with 150 g/t silver.|
The property is 10 kilometres south of the K2 Mine and only 20 kilometres by existing roads, from the Kinross Kettle River Mill. Both Empire Creek and the K2 Mine are hosted within the Republic Graben structure. From 1996 to 2005 the K2 Mine produced almost 500,000 ounces of gold at an average grade of 7.44 g/t from an epithermal style gold vein system. Mining at K2 was entirely underground.
Known gold occurrences at Empire Creek are related to replacement style mineralization; however, being on the same structure as the K2 Mine, epithermal style mineralization is also a target.
A total of 24 holes on the property and 14 additional holes in the area were drilled in the 1980's. The top 10 intercepts on the property are shown in Table 1 below. Drilling included a combination of angled and vertical reverse circulation, rotary and core holes. There are also two adits on the property. Previous drilling and sampling appears to have been quite random in nature and focused on the eastern side of the property. Numerous surface samples with high gold on the western side of the property have never been drill tested.
Table 1. Drilling Highlights
These values represent drill intercepts not true thicknesses.
|DD - 7
|EC - 5
|EC - 9
"Untested high grade mineralized gold zones within 20 kilometres of an operating gold mill represents a significant opportunity and fits with the Companies strategy of targeting high grade deposits that can be mined underground," says Mark Kolebaba, President and CEO of the Companies.
The 2012 exploration program on the Empire Creek property will include mapping, prospecting and magnetic surveying, focusing on the high grade zones that have never been drill tested.
The property was acquired by staking Federal controlled land in two separate blocks. The main block covers a 1.1 square kilometre area with rock samples showing elevated to high grade gold and silver values.
Diamonds North Resources Ltd. and Uranium North Resources Corp. have formed and jointly own Minerals North LLC, a Nevada registered company with the objective to explore mineral potential in Washington State. This partnership demonstrates the Companies' commitment to increasing shareholder value while maintaining a low cost. The Companies are actively seeking joint venture partners for our northern Canadian projects as they represent significant opportunity.
Each property has a 0.25% royalty payable to a consulting geologist. Each royalty may be purchased at any time for the value of 300 ounces of gold.
Graham Gill P.Geo is the Qualified Person as defined by National Instrument 43-101 reviewing the data in this news release. The historical work is from private reports written by AMACO, Curlew Lake Resources, US Borax and Kimberley Gold Mine. These reports have not been verified by the Company, however, it appears to have been completed under standard best practices consistent with the time and appears to be of reasonable quality.
On behalf of the Board of Directors.
President & CEO
For additional information please contact:
Diamonds North Resources Ltd.
Manager, Corporate Communications
Telephone: (604) 689-2010
Facsimile: (604) 484-7143
Uranium North Resource Corp
Manager, Corporate Communication-
Fax: 604- 484-7143
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. Grams per tonne are noted as g/t. All dollar amounts are expressed in Canadian dollars, unless otherwise specified.
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