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Diamonds North Begin
Diamond & Gold Programs On Amaruk
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Vancouver, July 14th, 2009-- Diamonds North Resources Ltd. ("DDN"-- TSX
Venture) announces the opening of camp on its 100% owned Amaruk
property in the Pelly Bay
Diamond District of Nunavut. Exploration
crews have arrived and kimberlite target selection for drilling has
begun. More subtle magnetic features will be targeted.
The Company plans to drill up to 30 kimberlite targets and collect up
to a 10 tonne sample from the Beluga-3 kimberlite. The Beluga-3
discovery sample returned several larger diamonds and exhibits a very
subtle magnetic signature. To date, 24 kimberlites have been discovered
on Amaruk of which 90% contain diamonds and mineral chemistry across
the property suggests economic
Diamond potential
In conjunction with the
Diamond exploration program, the Company plans
to prospect some of its gold occurrences on the property this summer,
with the goal of developing drill targets to be tested later in the
season.
GOLD PROSPECT
Plans have been finalized to explore around the 5.8 g/T gold occurrence
previously announced (see news release NR09-07, May11th, 2009). Crews
will complete detailed mapping and prospecting around and along the 3-5
m wide mineralized zone that is exposed for approximately 50 metres.
Prospecting will also be carried out along the 42 kilometre structure
and around what appears to be a late felsic intrusion, which maybe
controlling features of a gold zone. A geophysical survey over the area
identifies seven similar target areas warranting prospecting.
NEW GOLD ANOMALIES
Based on extensive gold grains recovered from till samples on the
Amaruk property, 17 new and separate gold anomalies have been
identified. The majority of the anomalies are defined by multiple
samples containing 25 to 250 gold grains per 15 kilograms of till
sampled. Surface textures on the recovered grains suggest minimal
transport, estimated by the Company to be in the range of 500 to 1000
metres from source in most cases. In addition, high gold grain counts
occur up-ice of structural lineaments and in some cases appear to be
associated with specific lithologies. It is significant to note that
the high concentrations of gold in till spans an approximate area
measuring 30 x 100 kilometres.
As an explorer our mandate is to generate shareholder value through the
discovery of mineral deposits. Given the abundance of gold in the till
in such a large area, we believe Amaruk is potentially a new gold camp
and we will dedicate resources to explore this",says Mark Kolebaba,
President & CEO of Diamonds North.
Diamonds North will continue to aggressively advance the
Diamondpotential of the Pelly Bay
Diamond District. The addition of the
numerous gold prospects and the Tunerq Nickel discovery identified
earlier on the Amaruk property demonstrates the multi-commodity
potential of the north. The Company is committed to capturing commodity
value for its shareholders from its large land portfolio.
Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's
qualified persons reviewing this project. They will be responsible for
the design and conduct of future exploration programs and the
verification and quality assurance of analytical results.
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 THE BOARD OF DIRECTORS
Mark Kolebaba
President & CEO
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
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) 2009 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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