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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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Wed Jan 10, 2007
Diamonds North and Majescor Identify High Priority Drill Targets on Banks Island, NWT
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VANCOUVER, January 10, 2007 -- Diamonds North Resources Ltd. (TSX-V: DDN) and Majescor Resources Inc. (TSX-V: MAJ) announce that an airborne survey commissioned over a small portion of the Banks Island project in the Northwest Territories has delineated 65 geophysical anomalies that may be caused by kimberlite intrusions. Seven of the targets are moderate to high priority, including one target estimated to be 300 x 400 metres (12 hectares). Many of the targets require follow-up including drill testing.
The project covers 1.2 million acres of land on north-eastern Banks Island, in the Northwest Territories. Highly prospective kimberlite indicator minerals, including eclogitic and pyrope garnets with compelling G10 mineral chemistry and primary surface textures, suggest the possibility for diamondiferous kimberlites on the property. Several possible kimberlite source areas have been identified. To date, a total of 4800 line kilometres of airborne geophysics has been flown over only one of these areas, providing geophysical coverage for only 10% of the property.
The 12 hectare target is one of the highest priority targets within the survey area. It is defined by an obvious circular and well isolated, weak magnetic signature. A detailed ground magnetic survey will be completed over the target for confirmation prior to drilling (view the high priority target and airborne survey at www.diamondsnorth.com/s/banks.asp).
Mark Kolebaba, President of Diamonds North states "We view the Banks Island project as an excellent opportunity for our shareholders to participate in what could be Canada's next diamond district. If this 12 hectare target is a kimberlite and if it is the source of the prospective indicator minerals, the potential of this one target alone is staggering; now consider that there are other high priority targets to test and that only 10% of the property has been surveyed with airborne geophysics and you begin to understand why we feel the Banks Island project has the potential to add significant value to both Diamonds North and Majescor."
The Banks Island project is comprised of approximately 1.2 million acres of exploration permits held jointly by Diamonds North and Majescor Resources. Diamonds North is the project operator. De Beers Canada Inc., one of the main competitors in the region, holds approximately 3 million acres of permits on NW Victoria Island which is 20 kilometres southeast of the Banks Island diamond project.
Bruce Kienlen (P.Geol) is Diamonds North's qualified person reviewing the data for this project.
On behalf of Diamonds North Resources Ltd. and Majescor Resources Inc.
Mark Kolebaba
President & CEO
Diamonds North Resources
Marc-Andre Bernier
President & 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.
Manager Investor Relations: Todd Opalick
Telephone:
Facsimile:
Website: www.majescor.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: Thu Feb 15, 2007, New Diamond Discoveries on Amaruk
You can view the Previous News Releases 2007 item: Mon Jan 8, 2007, Amaruk Project Update Diamond Results Pending for Five Kimberlites - Plans to drill 60 Targets
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