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Mar 12, 2008 : Diamonds North Receives Diamonds Results for Char Kimberlite more...
Mar 10, 2008 : Diamonds North Receives Diamond Results for Qavvik-5 & Qavvik-6 - Plan... more...
Feb 15, 2008 : Options Granted more...
Feb 04, 2008 : Diamonds North Announces Qavvik-1 Kimberlite Results on Amaruk more...
Jan 28, 2008 : 326 Targets Identified on Ualliq Property more...
Jan 17, 2008 : Higher Nickel Values from Diamonds North's Nickel Discovery more...
Jan 14, 2008 : Diamonds North Announces Two More Kimberlites With High Diamond Counts... more...
Jan 08, 2008 : Diamonds North Recovers 550 Diamonds from 81.75 Kilograms of Tuktu-1 K... more...
Dec 13, 2007 : Siku Project Update more...
Dec 05, 2007 : Ualliq Project Update more...
Nov 30, 2007 : Diamonds North Completes Flow-Through Financing more...
Nov 30, 2007 : Diamond Market Conditions and Sakari Update more...
Nov 23, 2007 : Diamonds North Announces Flow-Through Financing more...
Oct 31, 2007 : New Nunavut Nickel Discovery more...
Oct 10, 2007 : Diamonds North Increases Kimberlite Tally to 22 on Amaruk more...
Sep 11, 2007 : Diamonds North Discovers 11 New Kimberlites on Amaruk more...
Aug 24, 2007 : Diamonds North Completes Flow-Through Financing more...
Aug 15, 2007 : Diamonds North Announces Flow-Through Financing more...
Jul 20, 2007 : Diamonds North Completes Banks Island Acquisition more...
Jul 19, 2007 : Diamonds North Announces Flow-Through Financing more...
Jul 11, 2007 : Diamonds North Provides Update on Hepburn more...
Jul 05, 2007 : Diamonds North acquires 100% interest in the Banks Island Project more...
May 24, 2007 : Diamonds North Expands Amaruk Exploration Program Bulk Samples & Drill... more...
May 16, 2007 : Diamonds North Resources And Arctic Star Plan C$1,500,000 Exploration ... more...
May 10, 2007 : Options Granted more...
May 04, 2007 : Diamonds North Resources AGM Thursday May 10th, 2007 and Options Grant... more...
Apr 24, 2007 : Char Kimberlite Yields High Diamond Counts All Drilled Kimberlites Pro... more...
Apr 18, 2007 : Diamonds North Resources And International Samuel Approve C$1,000,000 ... more...
Apr 17, 2007 : Diamonds North Resources And Shear Minerals Ltd. Approve C$185,000 Exp... more...
Mar 29, 2007 : Diamonds North Resources Recovers 515 Diamonds From Qavvik Kimberlite more...
Mar 20, 2007 : Diamonds North To Drill The Hepburn Project, Over 200 Kimberlite Targe... more...
Mar 12, 2007 : Diamonds North Resources Retains Genoa Management Limited For Investor... more...
Feb 28, 2007 : Options Granted more...
Feb 15, 2007 : New Diamond Discoveries on Amaruk more...
Jan 10, 2007 : Diamonds North and Majescor Identify High Priority Drill Targets on Ba... more...
Jan 08, 2007 : Amaruk Project Update Diamond Results Pending for Five Kimberlites - P... more...
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Mon Jan 8, 2007
Amaruk Project Update Diamond Results Pending for Five Kimberlites - Plans to drill 60 Targets
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VANCOUVER, January 8, 2007 - Diamonds North Resources Ltd. (TSX-V: DDN) Diamonds North Resources provides an update and timeline for the processing of kimberlite material collected from the 2006 drilling program on the 100% owned Amaruk project in the Pelly Bay Diamond District of Nunavut. Approximately 3000 kilograms of kimberlite collected by reverse circulation drilling from the first five kimberlites drilled was submitted to SGS Lakefield Laboratory for caustic fusion and diamond picking (see Table 1).
Due to a back log of samples being processed at the laboratory and a resulting lack of kilns required for the caustic fusion process, Diamonds North's processing was delayed. The Company has been informed by the laboratory that a total of seven kilns have now been dedicated to Diamonds North's Amaruk samples. The first sample being processed is from the Umingmak kimberlite and the results are expected late January.
It is anticipated that the diamond results for all 5 kimberlites sampled by drilling in 2006 will be received periodically throughout the first quarter of 2007. Upon receipt of diamond data from the laboratory and verification by the Company the results will be released.
Additionally, about 1000 kilograms of kimberlite from 8 new and separate float occurrences has also been submitted to SGS Lakefield for caustic fusion and microdiamond recovery (see Table 2).
Table 1
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2006 Drilled Kimberlites Sample Size
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Kimberlite Name
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Lab Weight
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Umingmak
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579 kg
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Qavvik
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483 kg
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Walrus
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1042 kg
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Beluga
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616 kg
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Char
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375 kg
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Table 2
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2006 Float Occurrence Sample Size
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Float Name
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Lab Weight
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KFS-1
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150 kg
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KFS-2
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166 kg
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KFS-3
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70 kg
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KFS-4
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122 kg
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KFS-5
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175 kg
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KFS-6
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78 kg
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KFS-7
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137 kg
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KFS-8
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131 kg
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With over $11 million in cash and an additional $6 million in marketable securities the company is planning an aggressive exploration program for 2007. To date, a total of 300 airborne geophysical targets have been identified on the central block of the project and approximately 60 targets are scheduled for drilling this year. Approximately 40% of the Amaruk project has been flown with detailed geophysics and the existing targets have been identified from only 50% of the available data. Interpretation of the remaining 50% of the airborne data is underway. More targets are expected to be identified.
Drilling is expected to start by mid May to early June after the completion of an intensive geophysical program to further prioritize targets. The 2007 exploration program will include approximately 50,000 line kilometres of additional airborne geophysical surveying and mini-bulk sampling of any kimberlites warranting larger sample analysis. Diamonds North is currently finalizing exploration plans, budgets and contracts for the Amaruk project and a detailed program will be released in due course. Contracts for airborne surveying and drilling have been secured.
Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing the data for these projects.
Diamonds North is a dynamic successful exploration team focused on strategically advancing diamond opportunities and is determined to discover Canada's next diamond mine.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba
President & CEO
For further information, please contact:
Corporate Communications: Nancy Curry
Diamonds North Resources Ltd.
Telephone:
Facsimile:
Website: www.diamondsnorth.com
Email:
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 2007 item: Wed Jan 10, 2007, Diamonds North and Majescor Identify High Priority Drill Targets on Banks Island, NWT
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