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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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Tue Sep 11, 2007
Diamonds North Discovers 11 New Kimberlites on Amaruk
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VANCOUVER, September 11, 2007 - Diamonds North Resources Ltd. (TSX-V: DDN) announces 11 new kimberlites have been discovered during the first phase of the 2007 drill program on its 100% owned Amaruk property in the Pelly Bay Diamond District of Nunavut. Representative samples from the new kimberlites have been collected for diamond analysis.
"Our objective is to discover Canada's next major diamond mine, we are very pleased with how the Amaruk property is progressing," says Mark Kolebaba, President and CEO. "So far this year we have delivered 11 new kimberlites in this proven diamond district -- there are few companies able to provide this level of opportunity to shareholders."
Kimberlite Discoveries - 2007 Phase I Drilling Highlights:
- Five new kimberlites (Qavvik-2 through Qavvik-6) have been discovered near the Qavvik-1 kimberlite. Qavvik-1, which was drilled in 2006 is proven to be highly diamondiferous and is currently being bulk sampled.
- Four kimberlites (Tuktu-1 through Tuktu-4) forming the Tuktu kimberlite cluster were discovered 15-kilometres west of Qavvik-1. Abundant diamond indicator minerals associated with these kimberlites suggest excellent diamond potential.
- Ptarmigan, a new kimberlite, was discovered 20-kilometres south of the Qavvik-1 kimberlite. Numerous untested targets nearby suggest the potential for additional kimberlites forming a cluster.
- The discovery of Umingmak-2 near the Umingmak-1 kimberlite (drilled in 2006) confirms kimberlite clustering in the area. Umingmak-1 yielded diamonds with high clarity, white colour and high proportion of octahedral crystals.
Table 1 - 2007 Kimberlite Summary
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Kimberlite
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Drill Hole Inclination
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Kimberlite Sampled (Metres)
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Location Relative to Qavvik-1
(distance & direction)
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Qavvik-2
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Vertical
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96.0
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4 km N
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Qavvik-3
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Vertical
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67.1
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3 km S
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Qavvik-4
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Vertical
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35.1
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10 km N
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Qavvik-5
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Vertical
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56.5
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10 km N
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Qavvik-6
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Vertical
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76.2
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10 km N
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Tuktu-1
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Vertical
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74.7
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15 km W
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Tuktu-2
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-60
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79.2
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15 km W
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Tuktu-3
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Vertical
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67.1
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15 km W
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Tuktu-4
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Vertical
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44.2
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15 km W
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Ptarmigan
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Vertical
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47.2
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20 km SE
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Umingmak-2
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-60
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36.6
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8 km SE
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Representative kimberlite samples will be obtained from the above reverse circulation drill cutting intervals for microdiamond analysis. Directions and distances are approximate. Size of kimberlite occurrences have not yet been determined.
All of the kimberlites described above lie within the proven diamondiferous Amaruk kimberlite field. A total of 16 kimberlites have been discovered on the property to date and approximately 500 identified targets remain untested. The 2007 Phase II drill program is planned to commence in September.
Bruce Kienlen (P.Geol) and Graham Gill (P.Geo) are Diamonds North's qualified persons reviewing this project and are responsible for the design and conduct of the exploration program and the verification and quality assurance of analytical results.
The Company's cash is invested in Canadian dollar accounts with the Bank of Montreal. The total amount of cash is available on demand and is not invested in commercial paper or asset backed security programs.
Diamonds North Resources 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 Diamonds North Resources Ltd.
Mark Kolebaba, President and CEO
For additional information please contact:
Nancy Curry, VP Corporate Communications
Diamonds North Resources Ltd.
Telephone:
Facsimile:
Email:
Website: www.diamondsnorth.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: Wed Oct 10, 2007, Diamonds North Increases Kimberlite Tally to 22 on Amaruk
You can view the Previous News Releases 2007 item: Fri Aug 24, 2007, Diamonds North Completes Flow-Through Financing
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