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Re: News Releases 2009 - Thursday, March 04, 2010
Diamonds North Discovers Additional High Grade Copper, Silver,
and Bismuth on Hepburn Project
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VANCOUVER, March 4th, 2010 -- Diamonds North Resources Ltd. (TSX-V:
DDN) announces high grade copper, silver, and bismuth assays from
recently discovered showings on its Hepburn copper-silver project
located in the Northwest Territories. Grab samples have returned up to
19.8 % copper, 123.0 grams per tonne silver, 0.20% uranium and 0.17%
bismuth.
These showings are located along the southern margin of a geophysical
anomaly defined by a 3.5 kilometre by 1.5 kilometre magnetic high and
semi-coincident radiometric anomaly (uranium, potassium and thorium)
detected by airborne surveying. Grab samples from the area are shown in
the table below. Anomalous gold values ranging from 72 ppb to 258 ppb
suggest the system is gold bearing.
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Sample Copper Silver Bismuth U Au
(%) (g/T) (%) (%) (ppb)
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1 19.8 72 0.17 0.003 72
2 7.6 32.5 0.124 n/a 216
3 5.8 31.1 0.04 0.009 150
4 4.12 123 0.03 0.03 258
5 0.14 4.2 n/a 0.2 2
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"With minimal cost we have identified a large area with numerous high
grade copper, silver and bismuth showings, suggesting a significant
mineralized system exists on the Hepburn project. Now, our exploration
objective is to delineate areas with potential for large deposits" says
Mark Kolebaba, President & CEO of Diamonds North.
Trench sampling on the north flank of this geophysical anomaly returned
values of up to 2.9% copper and 218.5 grams per tonne silver over three
metres (News Release NR09-08, dated May 21st, 2009).
The mineralization occurs in breccias, vein stockworks and faults.
Alteration minerals include potassium feldspar, hematite, magnetite,
carbonate, actinolite, chlorite, epidote, quartz, sericite and albite.
Important pathfinder elements for iron-oxide deposits such as cerium,
lanthanum, flourite and barium are elevated in many rock samples
collected by Diamonds North.
The next exploration program for the Hepburn copper-silver project will
entail ground geophysics, soil sampling and detailed mapping designed
to delineate areas of mineralization for drilling.
The Hepburn project is 100% owned by Diamonds North Resources with the
exception of the uranium rights that are held by Uranium North
Resources Corporation in accordance with a plan of arrangement
agreement signed in 2006.
Graham Gill (P. Geo) is Diamonds North's qualified person reviewing
this project. Mr. Gill is responsible for the design and conduct of
exploration programs and the verification and quality assurance of
analytical results. All assay results are provided by Saskatchewan
Research Council Laboratory.
About Diamonds North
Diamonds North uniquely maximizes value through innovative & cost
effective exploration methods, plus leveraging commodity & business
opportunities derived from its vast land holdings in Canada's under
explored north.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba
President & 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) 2010 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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Diamonds North Resources Ltd
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EXPLORATION STAGE |
CODE : DDN.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Diamonds North is a diamonds exploration company based in Canada. Diamonds North holds various exploration projects in Canada. Its main exploration properties are SIKU, BANKS ISLAND, UALLIQ and VICTORIA ISLAND in Canada. Diamonds North is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.9 millions as of today (US$ 1.8 millions, € 1.4 millions). Its stock quote reached its highest recent level on January 11, 2008 at CA$ 2.07, and its lowest recent point on February 15, 2013 at CA$ 0.02. Diamonds North has 94 682 000 shares outstanding. |