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Exploration Underway on 330 Kimberlite Targets on Ualliq
Diamond Property
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VANCOUVER, May 29th, 2008 - Diamonds North Resources (DDN: TSX.V) and
International Samuel Exploration Corp. (TSX-V: SAZ), announce that the
2008 Ualliq exploration program is underway. A total of 330 airborne
geophysical targets have been identified, of which approximately 80 are
rated as high to moderate priority. Significantly, 47 of the targets
range in size from 2 to 7 hectares.
The Companies have approved a two phase program designed to screen
targets ahead of an intensive drilling program. A camp has been
established and field work is underway. The Ualliq property is located
near
Diamond North's Amaruk discovery in the Pelly Bay
Diamond District
of Nunavut where 22 kimberlites have been discovered, including the
highly diamondiferous Tuktu kimberlite (see Diamonds North News Release
dated May 27, 2008).
The two Companies have adopted an exploration approach similar to the
approach taken on the Amaruk property. This year's plan includes ground
geophysics on 60 to 100 airborne geophysical targets. Up to 20 targets
will be drill tested to confirm the presence of kimberlite. Any
kimberlite intersected will be submitted for microdiamond analysis.
"The Ualliq property is advancing much like the Amaruk property did"
says Mark Kolebaba, President and CEO of Diamonds North. "We are seeing
good mineral chemistry and a large number of targets, some with
considerable size potential. Based on current data, it is very likely
that the Amaruk kimberlite field extends on to the Ualliq property."
Conrad Swanson President of International Samuel states "The Ualliq
property benefits from the exploration knowledge gained from over $20
million of
Diamond exploration on the adjacent Amaruk property. I
think we have a great chance for discoveries here."
Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's
qualified persons reviewing these projects. They are responsible for
the design and conduct of the exploration programs and the verification
and quality assurance of analytical results.
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
Diamond explorer with a drill program
planned for the Ualliq property and a VTEM survey on its Reed Lake
property located in the prolific Flin Flon mining camp.
ON BEHALF OF THE BOARDS OF DIRECTORS
Mark Kolebaba
President & CEO
Diamonds North Resources Ltd.
Conrad Swanson
President & CEO
International Samuel Exploration Ltd.
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 : Bill Campbell,
International Samuel Exploration Corp.
Telephone: 604-718-5454
Toll Free: 1-888-500-4587
Facsimile: 604-646-2054
Website: www.internationalsamuel.com
Email: info@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) 2008 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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