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Re: News Release 2008 - Monday, March 10, 2008
Diamonds North Receives Diamonds Results for Qavvik-5 & Qavvik-6
- Plans For Larger Samples Underway
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VANCOUVER, March 10th, 2008 - Diamonds North Resources Ltd. (TSX-V:
DDN) announces favourable
Diamond counts from the Qavvik-5 and Qavvik-6
kimberlites located on the Company's 100% owned Amaruk property in the
Pelly Bay
Diamond District of Nunavut. A total of 130 diamonds have
been recovered from 103.4 kilograms of Qavvik-5 and 118 diamonds were
recovered from a 107.7 kilogram sample of Qavvik-6. The Qavvik-5 and 6
kimberlites appear to form a complex with a geophysical expression of
approximately 5 hectares in size. In addition, there are several
adjacent untested targets that may increase the potential size.
Samples were collected using a reverse circulation/percussion drill. As
a result of the above
Diamond counts from both Qavvik-5 and 6
kimberlites, plans for collecting larger samples with a core drill are
underway. These plans also include drilling on the Qavvik-4 kimberlite
(see News Release NR08-02, January 14th, 2008) which is only 500 metres
from the Qavvik-5 and 6 kimberlites. Several new high priority
targets exist within one kilometre of Qavvik-6 that will also be tested
in 2008.
To date, only diamonds on or above the 0.3mm screen have been
described. The Company has requested full descriptions of all recovered
diamonds. Preliminary review shows a high proportion of white clear
octahedral diamonds. The largest
Diamond recovered in Qavvik-6 is a
1.2mm x 0.88mm x 0.30mm fragment.
Table 1
Diamond Sieve Data for the Qavvik-5 & 6 Kimberlites
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Weight Sieve Sizes (mm)
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(kg) 0.106 0.150 0.212 0.300 0.425 0.600 Total
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Qavvik-5 103.4 72 35 19 2 1 1 130
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Qavvik-6 107.7 62 39 8 7 2* 0 118
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*the largest fragment measures 1.2mm x 0.88mm x 0.30mm
The Company views these results as very significant. The
Diamond counts
demand follow-up drilling with a core drill to further evaluate the
economic potential of these kimberlites. The presence of a
Diamondfragment as large as 1.2mm in one direction suggests that larger
diamonds are being broken.
Core drilling is also currently being planned for the Tuktu-1
kimberlite (where 550 diamonds were recovered from a 81.75 kilogram
sample, see News Release NR08-01, January 8th, 2008), which is located
15 kilometres west of the Qavvik cluster. The
Diamond results for 8
additional Tuktu kimberlites are expected to be released shortly.
In addition, a 59.4 kilogram sample from the Beluga-2 kimberlite
yielded three diamonds with one stone each on the 0.106mm, 0.150mm and
0.600mm screens.
Diamonds North has discovered 22 kimberlites to date on the Amaruk
property.
Diamond results have been reported for 14 of the kimberlites
with more than 85% being diamondiferous and 50% exhibiting encouraging
Diamond counts that require follow-up exploration. With 500 geophysical
targets to be tested on a property with an abundance of compelling
Diamond indicator minerals, Amaruk is one of Canada's most prospective
Diamond projects.
The drill cuttings were logged in secure facilities at the Amaruk field
camp by geoscientists. Samples were securely sealed in solid containers
and shipped to Saskatchewan Research Council (SRC) in Saskatoon for
processing. The results presented in this news release were obtained by
SRC using their standard caustic fusion
Diamond recovery method. SRC is
accredited by the Standards Council of Canada to the ISO/IEC Guide 25
standard for specific registered tests. As part of an ongoing Quality
Control & Quality Assurance program, Diamonds North will conduct
reviews and audits of results.
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.
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 & 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) 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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