MMG Metallic Minerals Corp

Diamonds North Resources Ltd. (TSX VENTURE:DDN) and Minerals and Metals Group
("MMG") announce the identification of 22 target areas for nickel mineralization
and the continuation of the MMG funded nickel exploration program on the Amaruk
property in Nunavut with an approved budget of $1.65 million for 2011.


The 2011 exploration program will commence with a geophysical survey utilizing
the airborne electromagnetic AeroTEM system (EM). Areas with mafic-ultramafic
intrusions and/or anomalous nickel and copper in till will be targeted with the
AeroTEM survey. Targets identified by prospecting during the 2010 field program,
and any new targets identified in 2011 programs will be followed-up and, if
warranted, drill tested. A core drill is situated on the property for future
drill testing.


"Amaruk is a new district scale nickel prospect and MMG's investment in the
project allows for the continued advancement towards our objective of drilling
at no cost to our shareholders," says Mark Kolebaba, President and CEO of
Diamonds North.


In 2010, MMG funded a $2.25 million exploration program that led to the
identification of an additional 26 mafic-ultramafic intrusions (for a total of
50) in the project area. These represent priority targets for nickel sulfide
mineralization. In addition, MMG analyzed over 3800 geochemical till samples
across the property resulting in the identification of several new areas that
require follow-up exploration.


MMG, the project operator, is currently earning a 75% interest in nickel and
other base metals on the Amaruk property, by spending C$6,000,000 and completing
a pre-feasibility study on any base metal deposit that might be identified.
These terms were defined in a letter agreement signed by the Company and MMG in
March 2010 (See News Release 10-04, March 9, 2010).


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 holdings.


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.

Grafico Azioni Metallic Minerals (TSXV:MMG)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Metallic Minerals (TSXV:MMG)
Storico
Da Giu 2023 a Giu 2024