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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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Thu May 24, 2007
Diamonds North Expands Amaruk Exploration Program Bulk Samples & Drill Testing 60 New Targets
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VANCOUVER, May 24th, 2007 - Diamonds North Resources Ltd. (TSX-V: DDN) announces plans to expand the exploration program on the Amaruk property, in the Pelly Bay Diamond District of Nunavut.
In response to the recently released high diamond counts from the Char and Qavvik kimberlites, plans are underway to collect larger bulk samples from each of these kimberlites. The expanded bulk sample program will increase the project's 2007 budget to approximately $6 million, up from the previously approved $4 million exploration program. In addition to bulk sampling two kimberlites, the program will include drill testing of 60 new targets.
"I believe that the design of this year's exploration program will cement Amaruk's position as the foremost diamond exploration project in Canada and further demonstrate its potential for a major diamond deposit similar to the Ekati and Diavik diamond mines," says Mark Kolebaba, President and CEO of Diamonds North Resources Ltd.
Bulk Sampling
High diamond counts - 178 diamonds from 159.35 kilograms of Char and 606 diamonds from 457 kilograms of Qavvik - plus an abundance of good quality stones warrants increasing the bulk sample sizes to 6 to 10 tonnes from 3 to 5 tonnes, for each body. Core drilling is expected to begin in June. Drill core will be processed for diamonds using dense media separation.
The objective of the bulk sample is to obtain a representative diamond size distribution for the Char and Qavvik kimberlites to assess their economic potential.
Drill Testing 60 New Targets
Approximately 580 geophysical targets have been identified on the Amaruk property. A plan to conduct detailed geophysics over approximately 200 of these targets is being implemented. The Company intends to drill up to 60 of the most compelling targets this year.
The objective of the 2007 exploration drill program is to discover additional diamondiferous kimberlites for economic assessment.
2007 Pelly Bay Region Mobilization
Mobilization for the project is nearly complete. Numerous Hercules and Convair flights have arrived on site with supplies and equipment. Approximately 140 Twin Otter flights have positioned supplies and fuel mobilized to the project by barge in late 2006. Additional supplies were recently transported into Kugaaruk using a Boeing 737. Camp has been opened and crews have arrived.
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.
Diamonds North is the dominant explorer in the Pelly Bay region and is focused on discovering Canada's next diamond mine. Diamonds North is well-financed with over $14 million in cash and marketable securities. The Company is rapidly evolving and committed to building long-term value through ongoing diamond discoveries.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba
President & CEO
For additional information please contact:
Nancy Curry
VP Corporate Communications
Diamonds North Resources Ltd.
Telephone:
Facsimile:
Email:
Website: www.diamondsnorth.com
Ali Mahdavi ; or
Kevin O'Connor
Genoa Management Limited
Telephone:
Facsimilie:
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 Jul 5, 2007, Diamonds North acquires 100% interest in the Banks Island Project
You can view the Previous News Releases 2007 item: Wed May 16, 2007, Diamonds North Resources And Arctic Star Plan C$1,500,000 Exploration Program At Siku Project
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