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News Release - Thursday, July 28, 2011
Diamonds North Nickel Airborne Survey Completed on Amaruk
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VANCOUVER, July 28, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)
reports that the Geotem airborne electro-magnetic survey targeting
nickel on the Amaruk-Tunerq Property in Nunavut has been complete.
Processing and interpretation of the data will commence immediately. To
view a presentation on the nickel potential at Amaruk visit our website
www.diamondsnorth.com.
"Amaruk has the potential to host a significant nickel deposit. We are
excited to receive the results from this survey to advance the project
to target testing" says Mark Kolebaba, President and CEO of Diamonds
North.
The 5,000 line kilometre Geotem Survey operated by Fugro is funded by
the Mineral and Metals Group (See news release July 14, 2011). The
survey focused on known mafic-ultramafic bodies and geochemical
anomalies previously identified including the Tunerq prospect. At
Tunerq a drill hole intersected 2.49% nickel over a 9 metre interval
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.
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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
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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. |