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Dec 04, 2006 : Uranium North Set To Close Financing And Commence To Trade 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...
Jul 12, 2006 : Diamonds North Completes $3,265,000 Equity Financing more...
Jul 11, 2006 : Diamonds North Financing Update more...
Jul 05, 2006 : Diamonds North and Majescor Developing Drill Targets on Banks Island more...
Jun 29, 2006 : Diamonds North Announces Equity Financing more...
Jun 27, 2006 : Diamonds North Positions Uranium North in Athabasca, Thelon and Hornby... more...
Jun 22, 2006 : Diamonds North Receives King Eider Diamond Results more...
Dec 14, 2005 : Diamonds North Completes $4,500,000 Equity Financing more...
Dec 07, 2005 : Diamonds North Increases Equity Financing To $ CDN 4,500,000 more...
Nov 23, 2005 : Diamonds North Announces Equity Financing more...
Nov 10, 2005 : Blue Ice 2005 Exploration Program Summary more...
Nov 09, 2005 : Majescor and Diamonds North Advance Potential Diamond District on Bank... more...
Sep 28, 2005 : Kimberlite Discoveries Begin on Amaruk more...
Sep 22, 2005 : Pathfinder and Diamonds North Increase Vast Land Position for Uranium ... more...
Jul 26, 2005 : Diamonds North Identifies New Uranium Opportunities on Diamond Claims more...
Jul 22, 2005 : Diamonds North Completes Private Placement more...
Jun 27, 2005 : Non-Brokered Private Placement more...
Jun 07, 2005 : Diamond Sizes Prompt Diamonds North to Increase Washburn Ownership to ... more...
Jun 01, 2005 : Uranium Potential Confirmed on Thelon Diamond Project more...
May 19, 2005 : Bill Zimmerman Joins Diamonds North Board more...
Apr 21, 2005 : King Eider Yields Three Quarter Carat Diamond more...
Apr 20, 2005 : Diamonds North and Stornoway Enter into Agreement to Explore Manitoba ... more...
Apr 14, 2005 : Diamonds North Capitalizes on Commodity Opportunities more...
Apr 12, 2005 : Prioritization of Drill Targets on Arnak more...
Apr 01, 2005 : Diamonds North Identifies Another Potential Diamond District on the Sl... more...
Mar 23, 2005 : Grant of Incentive Stock Options more...
Feb 28, 2005 : Blue Ice Property Update more...
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2006 | 2005 | 2004 | 2003 | 2002
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Tue Jul 26, 2005
Diamonds North Identifies New Uranium Opportunities on Diamond Claims
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Vancouver, July 26, 2005 -- Diamonds North Resources Ltd. (DDN -- TSX Venture) reports that it has identified two areas with high uranium potential within the Hornby Bay Basin on its Hepburn Diamond project in Northwest Territories. Diamonds North is reviewing possible JV proposals and invites parties interested in uranium partnerships to contact the company.
A preliminary review of historic data recovered from the assessment files from the region indicate the presence of at least seven known uranium showings on the property with U3O8 values of interest ranging from 0.5% to about 1% (11 to 22lbs per ton) and grab samples as high as 2.72% U3O8 (60 lb per ton). These showings are located in and around sandstone related to the Hornby Bay Basin.
The Hornby Bay Basin is geologically similar to the uranium rich Athabasca Basin in northern Saskatchewan. It hosts a number of unconformity and sub-unconformity related uranium prospects. Due to its more remote location, it has not yet been explored with the same intensity or modern methods used to explore the Athabasca Basin.
While the objective of Diamonds North is to discover Canada's next diamond mine, the company recognizes that its large land positions have the potential of hosting other commodities (Uranium, Gold and Base Metals). To maximize the exploration potential of the company's 27 million acre land position for its shareholders, Diamonds North continues to pursue avenues to capture opportunities for other commodities through partnerships while remaining focused on rapidly advancing its diamonds projects.
Thelon Project
Diamonds North has successfully captured uranium potential on its 2.5 million acre Thelon diamond project in the Northwest Territories through an option agreement with Pathfinder Resources Ltd. Under the terms of the agreement, Pathfinder has made an initial cash payment of $100,000 and has issued 1,000,000 shares and may earn an 80% interest in the uranium rights on the project by issuing an additional 1,000,000 shares and completing $4 million in exploration expenditures over 3 years. Diamonds North will retain a 20% interest which is carried to completion of a bankable feasibility study on any uranium deposits found on the property.
Pathfinder is funding a $400,000 exploration program which is currently underway. The 2005 exploration program will include extensive regional till and soil sampling to identify areas of higher priority to be flown with geo-physical surveys. Cameco Corporation recently announced they are actively exploring in the Thelon Basin.
B. Kienlen (P. Geol) is one of Diamonds North's qualified person reviewing data for the Hepburn project.
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
For further information, please contact: Corporate Communications: Nancy Curry
Diamonds North Resources Ltd.
Telephone:
Facsimile:
Website: diamondsnorthresources.com
Email:
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release |
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