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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 Apr 18, 2007
Diamonds North Resources And International Samuel Approve C$1,000,000 Budget For Ualliq Exploration
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Vancouver, April 18, 2007---Diamonds North Resources (DDN: TSX.V) and International Samuel Exploration Corp. (TSX-V: SAZ), announce a C$1,000,000 exploration budget for the Ualliq property located north and northwest of Diamond North Resources' Amaruk property in the Pelly Bay Diamond District of Nunavut. Encouraging diamond indicator minerals and geophysical survey data suggest a new diamondiferous kimberlite field may exist on the Ualliq property.
The C$1,000,000 exploration budget approved for 2007 at Ualliq will include:
- geophysical surveying over the main Ualliq indicator mineral train
- detailed geophysics on up to 50 targets
- drill test up to 12 of the highest priority targets
The Ualliq property is adjacent to Diamonds North's Amaruk property where high diamond counts from the Qavvik kimberlite were recently announced (515 diamonds recovered from 397 kilograms of kimberlite -- see News Release NR07-07, March 29th, 2007).
The Qavvik kimberlite is located approximately 20 kilometres from the Ualliq property. Abundant kimberlite indicator minerals recovered from glacial till on the Ualliq property define several diamond prospective regions, including an area extending for 60-kilometre. The Companies consider this area prospective for multiple diamondiferous kimberlite intrusions. To date, 36 targets have been identified from the 2006 airborne survey and range in size up to 6 hectares.
"From the mineral chemistry, number and size of geophysical targets identified to date, we believe the Ualliq property offers the partner's and our shareholders a significant discovery opportunity. Our objective this year is to confirm Ualliq is the newest diamondiferous kimberlite field in the Pelly Bay Diamond District" says Mark Kolebaba, President and CEO of Diamonds North Resources.
To date only the eastern part of the property has been surveyed with detailed geophysics. Approximately 17,000 line kilometers will be surveyed in 2007.
Diamonds North Resources is operator on the project with International Samuel earning a 30% interest in the property by incurring C$3 million in expenditures over four years. In addition, for each of the first four kimberlite bodies discovered on the property, International Samuel shall issue 250,000 common shares to Diamonds North. (See News Release 06-26, August 2, 2006).
Mr. Bruce Kienlen (P.Geol) is Diamonds North's Qualified Person for the project as defined under NI 43-101.
ABOUT DIAMONDS NORTH
Diamonds North Resources is the dominant explorer in the Pelly Bay region and is focused on discovering Canada's next diamond mine. The Company is rapidly evolving and committed to building long-term value through ongoing diamond discoveries.
ABOUT INTERNATIONAL SAMUEL
International Samuel is an active diamond explorer with 2007 exploration programs planned for their Churchill West and Afridi lake properties, in addition to the Diamonds North projects.
ON BEHALF OF THE BOARDS OF DIRECTORS
Mark Kolebaba
President & CEO
Diamonds North Resources Ltd.
Conrad Swanson
President & CEO
International Samuel Exploration Ltd.
For further information, please contact:
Corporate Communications: Nancy Curry
Diamonds North Resources Ltd.
Telephone:
Facsimile:
Website: www.diamondsnorth.com
Email:
Investor Relations : Doug Kerr,
International Samuel Exploration Corp.
Telephone:
Toll Free: 1-
Facsimile:
Website: www.internationalsamuel.com
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: Tue Apr 24, 2007, Char Kimberlite Yields High Diamond Counts All Drilled Kimberlites Prove to be Diamondiferous
You can view the Previous News Releases 2007 item: Tue Apr 17, 2007, Diamonds North Resources And Shear Minerals Ltd. Approve C$185,000 Exploration Budget For Sakari Project
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