=======================================================================
News Release 2011 - Friday, August 12, 2011
Field Assessment of Nickel Targets on Diamonds North's Amaruk
Property
=======================================================================
VANCOUVER, Aug 12, 2011 -- Diamonds North Resources Ltd. (TSX-V: DDN)
reports that Minerals and Metals Group (MMG) has informed the Company
that they have mobilized a field crew to conduct lake-bottom sediment
sampling to follow-up on preliminary EM anomalies identified from the
survey recently completed on the Amaruk nickel project in Nunavut (see
news release July 14, 2010). To view a presentation on the nickel
potential at Amaruk visit our website www.diamondsnorth.com.
MMG is project operator and is fully funding the nickel exploration
program at Amaruk. Nickel potential of the property is demonstrated by
a drill hole that intersected 2.49% nickel over 9 metres within a 35
metre zone assaying 1% nickel (See news release May 22, 2008).
Bruce Kienlen (P. Geol) and Graham Gill (P. Geo) will review the base
metal data from this project for Diamonds North.
About Diamonds North
Diamonds North Resources Ltd. is rapidly evolving and committed to
building long-term value for shareholders through ongoing discoveries
and leveraging business opportunities from our vast land holding.
About MMG
MMG is owned by Minmetals Resources Limited (HKSE 1208), an
international upstream base metals company. It is one of the world's
largest producers of zinc as well as a substantial producer of copper,
lead, gold and silver. Minmetals Resources Limited currently has mining
operations located in Australia and Asia and a large portfolio of
exploration and development projects in Australia, Asia and North
America. Its operations include the Century mine in Queensland, Sepon
copper and gold operations in Laos, Golden Grove underground base and
precious metals mine in Western Australia and the polymetallic Rosebery
mine in Tasmania.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba
President & CEO
For additional information please contact:
Troy Shultz
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.
=======================================================================
Copyright (c) 2011 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
=======================================================================
.
|
Diamonds North Resources Ltd
|
|
EXPLORATION STAGE |
CODE : DDN.V |
|
|
| |
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. |