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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...
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...
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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Wed Sep 28, 2005
Kimberlite Discoveries Begin on Amaruk
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Vancouver, September 28, 2005 -- Diamonds North Resources Ltd. (DDN -- TSX Venture) announces the discovery of the Umingmak kimberlite and more than 15 discrete kimberlite float occurrences on the Amaruk property, located in Nunavut. Umingmak is the first confirmed in situ kimberlite in the region. The kimberlite was discovered during the 2005 sampling and prospecting program.
The Umingmak kimberlite is exposed in three outcrop showings within a topographically low overburden covered area. It is described as olivine rich macrocrystic kimberlite with mantle derived minerals and nodules. Two samples totaling approximately 500 kilograms have been collected from Umingmak and submitted for microdiamond analysis. The size of the body has not yet been determined.
Prospecting around selected till samples with anomalous kimberlite indicator minerals has identified what Diamonds North believes is more than 15 discrete kimberlite float occurrences on the property. Kimberlite samples were collected from five of these occurrences for microdiamond analysis. Approximate field estimated sample weights range from 25 kilograms to over 100 kilograms each. In addition, 11 samples from nine occurrences have been collected for indicator mineral analysis. Numerous indicator mineral anomalies remain un-prospected.
Prospecting in 2005 was limited to a small portion of the 8 million acre Amaruk property. The discovery of multiple kimberlite float occurrences, spanning 62 kilometres, demonstrates to the company that this portion of Amaruk potentially contains a sizable kimberlite field with numerous kimberlite intrusions. In addition to microdiamond data, the Umingmak kimberlite provides the joint venture with a geophysical signature for in situ kimberlite on the property.
Diamonds North has selected for the joint venture more than 100 geophysical anomalies from 11,000 line kilometres of airborne geophysics collected in 2004 (only 3% of the property). In 2005, an additional 12,000 line kilometres of airborne geophysics was surveyed and is in the final stages of processing, interpretation and anomaly selection. A comprehensive till sample database of approximately 5400 samples across the property will be used to further prioritize the many geophysical anomalies for drill testing.
A drill program on the property is scheduled for 2006.
Mark Kolebaba the company's President states "This partnership is a great example of how effective our business strategy of leveraging our projects is in adding value for our shareholders. The Amaruk project has been methodically and rapidly advanced from a massive land position with good diamond indicators to a drill ready project with multiple kimberlite occurrences, providing plenty of blue sky in a relatively short period of time."
The 2005 Amaruk exploration program totaled approximately $3.2 million. In addition to the 12,000 line kilometres of heli-borne magnetic and electromagnetic surveying more than 2300 infill till samples were collected on the property.
The Amaruk property is located in Nunavut and surrounds the community of Kugaaruk (formerly Pelly Bay). The project is a 50:50 joint venture between BHP Billiton Diamonds Inc. and Diamonds North. BHP Billiton is currently sole funding all exploration on the project to earn an additional 10% by completing a feasibility study on the project (See News Release NR04-12, May 17th, 2004).
Kimberlite samples have been shipped to SGS Lakefield Laboratory for caustic fusion and diamond analysis under BHP Billiton's quality control and quality assurance guidelines. Bruce Kienlen (P. Geol) is the qualified person reviewing and interpreting the data for Diamonds North.
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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You can view the Next News Releases 2005 item: Wed Nov 9, 2005, Majescor and Diamonds North Advance Potential Diamond District on Banks Island
You can view the Previous News Releases 2005 item: Thu Sep 22, 2005, Pathfinder and Diamonds North Increase Vast Land Position for Uranium in the Thelon Basin
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