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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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Wed Nov 9, 2005
Majescor and Diamonds North Advance Potential Diamond District on Banks Island
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Vancouver, November 9th, 2005 -- Diamonds North Resources Ltd. (TSX-V: DDN) and Majescor Resources Inc. (TSX-V: MAJ) announce that the 2005 Banks Island field exploration program has been successfully completed and sample results are pending.
A detailed stream sediment sampling program of 130 samples was conducted over four adjacent drainage catchments identified as high priority by 2004 sample results (A catchment is an area from which a river or rivers collect surface runoff). The presence of indicator minerals with delicate primary surface features in those samples and the existence of G-10 garnet suggest potential for nearby diamond bearing kimberlites within the catchment regions. The objective of the 2005 sampling program is to trace the kimberlite minerals upstream to source and isolate the most favourable areas to conduct airborne geophysical surveying for target development. Processing of the 2005 samples is underway and is expected to be completed before the end of December 2005.
Based on current data the partners believe that this project has the potential to become one of Canada's next diamond districts. Majescor and Diamonds North have secured a key land position on Banks Island as it is a high priority project for both companies.
The Banks Island project, consisting of approximately 1.2 million acres, is located along the northeast coast of Banks Island in the Northwest Territories. In addition to tidewater access, existing infrastructure includes the Johnson Point airstrip 40 kilometres south of the exploration permits, which is capable of accommodating larger aircraft (such as a DC-3).
The nearest competitor activity within the region is De Beers Canada Exploration Inc. who has recently acquired approximately 4 million acres of exploration permits 15 kilometers to the southeast.
The Banks Island project is a 50:50 joint venture between Majescor and Diamonds North. Diamonds North is the project operator and Dale Mah (P.Geol) is the qualified person for the project.
Majescor is an exploration company with a large portfolio of diamond properties in Quebec, Nunavut, Northwest Territories, Brazil and Madagascar.
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 BOARDS OF DIRECTORS
Mark Kolebaba
President & CEO
Diamonds North Resources Ltd.
André Audet
Chairman & CEO
Majescor Resources Inc.
For further information, please contact:
Diamonds North Resources Ltd.
Corporate Communications: Nancy Curry
Telephone:
Facsimile:
Website: www.diamondsnorth.com
Email:
Majescor Resources Inc.
Chairman and CEO, Andre Audet
Telephone:
Facsimile:
Website: www.majescor.com
Email:
Investor Relations
AGORA Investor Relations
http://www.agoracom.com/IR/Majescor
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 2005 item: Thu Nov 10, 2005, Blue Ice 2005 Exploration Program Summary
You can view the Previous News Releases 2005 item: Wed Sep 28, 2005, Kimberlite Discoveries Begin on Amaruk
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