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Ualliq Project Update
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Vancouver, December 5th 2007 - Diamonds North Resources (DDN: TSX.V)
and International Samuel Exploration Corp. (TSX-V: SAZ), announce over
100 kimberlite targets have been identified on the Ualliq project in
the Pelly Bay Diamond District of Nunavut.
The Ualliq property is adjacent to Diamonds North's Amaruk property
where 22 kimberlites have been discovered to date including the highly
diamondiferous Qavvik kimberlite. A 397 kilogram sample from Qavvik,
which is 20 kilometres from Ualliq, yielded 515 diamonds (see News
Release NR07-07, March 29th, 2007).
Abundant kimberlite indicator minerals recovered from glacial till on
the Ualliq property define several prospective areas for kimberlite.
The main kimberlite indicator anomaly extends for 60-kilometres and is
considered prospective for multiple diamondiferous kimberlite
intrusions.
The partners completed over 20,000 line kilometres of high resolution
magnetic airborne surveying over the properties in late August 2007.
The survey focused over the main kimberlite indicator mineral anomaly.
Due to the late completion date of the survey, only 30-40% of the
geophysical data has been reviewed. The majority of the airborne survey
was flown at 100 metre line spacing while 50 metre line spacing was
conducted in two areas of interest. Final interpretation and drill
target selection of the entire dataset will be completed over the next
few months in preparation for the 2008 season.
>From an initial review of the data several targets were selected for
testing, however, time only permitted drill testing of seven targets
with an RC drill prior to the end of the field season in September. No
kimberlite was intersected. Numerous targets remain to be tested. The
Companies are planning for an extensive drill program to test 20 to 30
targets.
This program was part of an approved $1,000,000 exploration program for
2007. The Ualliq project is located in the Pelly Bay District of
Nunavut and Diamonds North is the project operator. International
Samuel Exploration Corp. has an option to earn up to 30% interest in
the property (See News Release 06-26, August 2006).
G. Gill (P. Geo) and B. Kienlen (P. Geol) are Diamonds North's
Qualified Persons, as defined under NI 43-101, responsible for project
design and data review on this project.
ABOUT DIAMONDS NORTH
Diamonds North Resources is the dominant explorer in the Pelly Bay
region and 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.
ABOUT INTERNATIONAL SAMUEL
International Samuel is an active explorer with 2007/2008 exploration
programs planned for their Churchill West, Afridi lake and Flin Flon
properties, in addition to the Diamonds North projects.
ON BEHALF OF THE BOARDS OF DIRECTORS
Mark Kolebaba
President & CEO
Diamonds North Resources Ltd.
Conrad Swanson
President & CEO
International Samuel Exploration Corp.
For further information, please contact:
Corporate Communications: Nancy Curry
Diamonds North Resources Ltd.
Telephone: (604) 689-2010
Facsimile: (604) 484-7143
Website: www.diamondsnorth.com
Email: info@diamondsnorth.com
Investor Relations : Doug Kerr,
International Samuel Exploration Corp.
Telephone: 604-718-5454
Toll Free: 1-888-500-4587
Facsimile: 604-646-2054
Website: www.internationalsamuel.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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Copyright (c) 2007 DIAMONDS NORTH RESOURCES LTD. (DDN) All rights
reserved. For more information visit our website at
http://www.diamondsnorth.com/ or send mailto:info@diamondsnorth.com
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