Diamonds North Begins Diamond and Gold Exploration at Amaruk
08 Agosto 2011 - 5:20PM
Marketwired
Diamonds North Resources Ltd. (TSX VENTURE: DDN) announces that the
2011 exploration program has been initiated on the Amaruk Property
in Nunavut. The program will focus on top priority gold prospects
as well as follow-up of a new generation of kimberlite targets
identified from electro-magnetic (EM) airborne data.
"We are excited to begin our exploration program this year on
Amaruk. This prospecting and sampling program is intended to
demonstrate high gold values as well as increase our confidence in
targeting kimberlite using EM prior to drilling," says Mark
Kolebaba President and CEO of Diamonds North.
Diamond exploration on the property will primarily include
detailed till sampling in close proximity to high-priority targets
identified from the EM data recently received (See news release
July 19, 2011). The EM data is believed to penetrate through
conductive overburden which covers most of the Amaruk property.
Several sizable priority targets, many of which exhibit an
association with kimberlite indicator minerals, have been
identified and require follow-up sampling.
EM data has been extremely important for discovering economic
kimberlites at the Ekati Diamond Mine, Diavik Diamond Mine as well
as high value kimberlites at the Gahcho Kue Diamond Project.
In addition, extensive prospecting and sampling around priority
gold prospects such as Far East and DEL will be conducted with the
intention of extending the known prospects and increasing the
sample grades.
Rock samples collected from the 15 kilometre long DEL showing
returned grab samples up to 4.16 g/T gold and chip samples up to
1.20 g/T gold over 3.0 metres (See news release October 25, 2010).
Surface exposure is limited with less than 10% of the iron
formation exposed; therefore a small, hand-held drill will be
utilized to test sub-surface areas around the DEL prospect.
Initial prospecting at the Far East showing led to the
identification of an extensive area with anomalous gold and silver
including rock samples with 2.66 g/T gold and 1.19 g/T gold with
49.5 g/T silver. Within similar rocks 1500 metres to the south of
the main Far East showing, additional mineralization was identified
where samples returned 24.9 g/T silver and 0.126 g/T gold (See news
release November 30, 2010).
The Company is also actively exploring for gold in Southern
Nunavut on the Esker property. To view a video presentation of the
Esker Gold Property, visit our website www.diamondsnorth.com.
Bruce Kienlen (P. Geol) and Graham Gill (P. Geo) are Diamonds
North's qualified persons as defined by National Instrument 43-101,
reviewing this project.
About Diamonds North
Diamonds North Resources is rapidly evolving and committed to
building long-term value for shareholders through ongoing
discoveries and leveraging business opportunities from our vast
land holding.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba, President & CEO
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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Diamonds North Resources Ltd. Troy Shultz Manager,
Corporate Communications (604) 689-2010 (604) 484-7143 (FAX)
info@diamondsnorth.com www.diamondsnorth.com
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