 |
|
|
Mar 13, 2008 : Diamonds North Recovers Very High Diamond Counts from the Tuktu Cluste... more...
Mar 13, 2008 : Diamonds North announces correction more...
Mar 13, 2008 : Diamonds North Recovers Very High Diamond Counts from the Tuktu Cluste... more...
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...
|
|
|
|
|
| |
Mon Feb 4, 2008
Diamonds North Announces Qavvik-1 Kimberlite Results on Amaruk
|
| |
News Release: 08-07
VANCOUVER, February 4th, 2008 - Diamonds North Resources Ltd. (TSX-V: DDN) announces diamond results for the Qavvik-1 kimberlite on its 100% owned Amaruk property in the Pelly Bay Diamond District of Nunavut. The Company has identified two main kimberlite lithologies from the Qavvik-1 drill core; a macrocrystic kimberlite (MK) and a sparsely macrocrystic kimberlite breccia (SMKB). The diamond results for each type of kimberlite are shown in the table below.
|
Sample
|
Weight
(kg)
|
0.106
mm
|
0.150
mm
|
0.212
mm
|
0.300
mm
|
0.425
mm
|
0.600
mm
|
Total
Stones
|
|
MK
|
332.15
|
130
|
86
|
34
|
21
|
6
|
0
|
277
|
|
SMKB
|
644.60
|
102
|
60
|
29
|
8
|
5
|
2
|
206
|
Based on these results, Diamonds North downgrades the Qavvik-1 kimberlite. Tuktu-1 and Qavvik-4 kimberlites remain top priority discoveries for the Company. The core sample from Qavvik-1 appears to indicate that the tested portion of this body does not have a coarse diamond population. Only a small portion of the Qavvik -1 kimberlite has been tested with two vertical holes and one inclined hole (-65o) along a 30 metre section of an interpreted long axis of 230 metres.
The Company believes that larger diamonds do exist on the property as evidenced by larger diamond fragments measuring 1.02mm x 0.68mm x 0.54mm and 1.18 mm x 0.6 mm x 0.58 mm recovered from Qavvik-3 and Qavvik-4 kimberlites. In addition, a 1.10 x 1.05 x 0.95 mm diamond was recovered on the 0.85mm mesh at the WMC kimberlite float occurrence. All 3 of these samples are smaller than 100kg.
Diamond results for 12 additional kimberlites are pending, including eight more kimberlite discoveries in the Tuktu cluster (550 diamonds were recovered in 81.75 kilogram sample from Tuktu-1; see News Release NR08-01, January 8, 2008).
The 2006 percussion drill intersected the macrocrystic kimberlite phase of Qavvik-1 and returned 431 stones greater than 0.105mm from 457.33kg (0.942 stones/kg). Approximately 18% of these recovered diamonds are fragments. It appears that there is not a significant difference in diamond recovery between the percussion drill chips and drill core from the Qavvik-1 kimberlite. However, comparison between surface samples and percussion drill chip samples from the Umingmak kimberlite do suggest significant diamond destruction, losses may have been as high as 50%, mostly in the larger sizes. An explanation for the difference in diamond destruction is that the Umingmak kimberlite is very hard, whereas the Qavvik-1 kimberlite is highly altered and much softer.
Diamonds North has discovered 22 kimberlites to date on the Amaruk property. Diamond results have been received for 11 kimberlites; more than 80% of the kimberlites are diamondiferous of which 50% contain significant diamond counts and there are still 500 compelling geophysical targets that remain to be tested. The results to date, plus compelling mineral chemistry indicate that the Amaruk project is located over a significantly fertile diamond mantle.
The drill core was logged in secure facilities at the Amaruk field camp by geoscientists. Samples were securely sealed in solid containers and shipped to Saskatchewan Research Council (SRC) in Saskatoon for processing. The results presented in this news release were obtained by SRC using their standard caustic fusion diamond recovery method. SRC is accredited by the Standards Council of Canada to the ISO/IEC Guide 25 standard for specific registered tests. As part of an ongoing Quality Control & Quality Assurance program, Diamonds North will conduct reviews and audits of results.
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 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 & 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.
|
| |
| |
You can view the Next News Releases 2008 item: Fri Feb 15, 2008, Options Granted
You can view the Previous News Releases 2008 item: Mon Jan 28, 2008, 326 Targets Identified on Ualliq Property
You can return to the main News Releases 2008 page, or press the Back button on your browser.
|
|
|
|
|
