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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 May 16, 2007
Diamonds North Resources And Arctic Star Plan C$1,500,000 Exploration Program At Siku Project
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Vancouver, May 16, 2007--Diamonds North Resources (DDN: TSX.V) and Arctic Star Diamond Corp. (ADD: TSX.V) announce a C$1,500,000 million exploration budget for the Siku Property located in the Franklin diamondiferous kimberlite district of Nunavut. The Siku property surrounds the Darby property on three sides where five kimberlites were discovered during the 2006 field season. Based on the presence of indicator minerals and geophysical targets, the companies believe the Franklin diamondiferous kimberlite field extends onto the Siku property.
The C$1,500,000 exploration program for Siku in 2007 will include:
- Airborne geophysics
- Ground geophysics over selected targets
- Drill testing 12 high priority targets
The objective of the 2007 exploration program is to increase shareholder value by demonstrating that the Siku property is part of the diamondiferous Franklin kimberlite field with the discovery of diamondiferous kimberlites.
"The Siku property has the potential to add significant value for both company's shareholders in a short period of time, the property surrounds a known diamondiferous kimberlite field, we have targets developed and plans to drill this year" says Mark Kolebaba, President and CEO of Diamonds North.
Arctic Star Diamond Corp can earn into a 50% interest in certain mineral claims totaling approximately 455,000 acres by issuing Diamonds North Resources 1.5 million shares of Arctic Star and incurring $2.5 million on expenditures over three years. (See News Release--NR06-32, Oct.2006). Diamonds North Resources is the operator of the Siku project.
Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing these projects. They are responsible for the design and conduct of the exploration programs and the verification and quality assurance of analytical results.
ABOUT DIAMONDS NORTH RESOURCES
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.
ON BEHALF OF THE BOARDS OF DIRECTORS
Mark Kolebaba
President & CEO
Diamonds North Resources Ltd.
Patrick Power
President & CEO
Arctic Star Diamond Corp
For further information, please contact:
Corporate Communications: Nancy Curry
Diamonds North Resources Ltd.
Telephone:
Facsimile:
Website: www.diamondsnorth.com
Email:
Investor Relations : Tom Yingling
Arctic Star Diamond Corp.
Telephone:
Facsimile:
Website: www.arcticstardiamond.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 May 24, 2007, Diamonds North Expands Amaruk Exploration Program Bulk Samples & Drill Testing 60 New Targets
You can view the Previous News Releases 2007 item: Thu May 10, 2007, Options Granted
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