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Diamonds North Discovers 11 New Kimberlites on Amaruk
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VANCOUVER, September 10, 2007 - Diamonds North Resources Ltd. (TSX-V:
DDN) announces 11 new kimberlites have been discovered during the first
phase of the 2007 drill program on its 100% owned Amaruk property in
the Pelly Bay
Diamond District of Nunavut. Representative samples from
the new kimberlites have been collected for
Diamond analysis.
"Our objective is to discover Canada's next major
Diamond mine, we are
very pleased with how the Amaruk property is progressing," says Mark
Kolebaba, President and CEO. "So far this year we have delivered 11 new
kimberlites in this proven
Diamond district -- there are few companies
able to provide this level of opportunity to shareholders."
Kimberlite Discoveries - 2007 Phase I Drilling Highlights:
- Five new kimberlites (Qavvik-2 through Qavvik-6) have been discovered
near the Qavvik-1 kimberlite. Qavvik-1, which was drilled in 2006 is
proven to be highly diamondiferous and is currently being bulk sampled.
- Four kimberlites (Tuktu-1 through Tuktu-4) forming the Tuktu
kimberlite cluster were discovered 15-kilometres west of Qavvik-1.
Abundant
Diamond indicator minerals associated with these kimberlites
suggest excellent
Diamond potential.
- Ptarmigan, a new kimberlite, was discovered 20-kilometres south of
the Qavvik-1 kimberlite. Numerous untested targets nearby suggest the
potential for additional kimberlites forming a cluster.
- The discovery of Umingmak-2 near the Umingmak-1 kimberlite (drilled
in 2006) confirms kimberlite clustering in the area. Umingmak-1 yielded
diamonds with high clarity, white colour and high proportion of
octahedral crystals.
Table 1 - 2007 Kimberlite Summary
Kimberlite Location Relative to
Drill Hole Sampled Qavvik-1
Kimberlite Inclination (Metres) (distance & direction)
Qavvik-2 Vertical 96.0 4 km N
Qavvik-3 Vertical 67.1 3 km N
Qavvik-4 Vertical 35.1 10 km S
Qavvik-5 Vertical 56.5 10 km S
Qavvik-6 Vertical 76.2 10 km S
Tuktu-1 Vertical 74.7 15 km W
Tuktu-2 -60 79.2 15 km W
Tuktu-3 Vertical 67.1 15 km W
Tuktu-4 Vertical 44.2 15 km W
Ptarmigan Vertical 47.2 20 km SE
Umingmak-2 -60 36.6 8 km SE
Representative kimberlite samples will be obtained from the above
reverse circulation drill cutting intervals for microdiamond analysis.
Directions and distances are approximate. Size of kimberlite
occurrences have not yet been determined.
All of the kimberlites described above lie within the proven
diamondiferous Amaruk kimberlite field. A total of 16 kimberlites have
been discovered on the property to date and approximately 500
identified targets remain untested. The 2007 Phase II drill program is
planned to commence in September.
Bruce Kienlen (P.Geol) and Graham Gill (P.Geo) are Diamonds North's
qualified persons reviewing this project and are responsible for the
design and conduct of the exploration program and the verification and
quality assurance of analytical results.
The Company's cash is invested in Canadian dollar accounts with the
Bank of Montreal. The total amount of cash is available on demand and
is not invested in commercial paper or asset backed security programs.
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 and CEO
For additional information please contact:
Nancy Curry, VP Corporate Communications
Diamonds North Resources Ltd.
Telephone: (604) 689-2010
Facsimile: (604) 484-7143
Email: info@diamondsnorth.com
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.
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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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