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Re: News Releases 2011 - Wednesday, August 17, 2011
Diamonds North Starts Copper-Silver-Bismuth Exploration Project
at Hepburn
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VANCOUVER, Aug 17, 2011 -- Diamonds North Resources Ltd. (TSX-V: DDN)
announces that the 2011 exploration program has begun on the Hepburn
property in the Northwest Territories. The program will focus on
delineating areas of concentrated mineralization for drilling using
induced polarization (IP) surveying and prospecting.
"The Hepburn property has already demonstrated high copper silver
potential along with bismuth, uranium and gold credit. Successfully
identifying drill targets on this property would be a significant
advancement" says Mark Kolebaba President and CEO of Diamonds North.
Initial grab samples from the property returned values up to 19.8 %
copper, 123.0 grams per tonne silver, 0.20% uranium and 0.17% bismuth.
These showings appear to be associate with a 3.5 kilometre by 1.5
kilometre magnetic high which is semi-coincident with a radiometric
anomaly detected by airborne surveying. Anomalous gold values suggest
the system is gold bearing (see news release March 4, 2010).
In addition to the Hepburn property the Company is actively exploring
for gold on Southern Nunavut properties including the Esker Property.
To view a video presentation of the Esker Gold Property, visit our
website www.diamondsnorth.com.
Bruce Kienlen (P. Geol) and Graham Gill (P. Geo) are Diamonds North's
qualified persons as defined by National Instrument 43-101, reviewing
this project.
About Diamonds North
Diamonds North Resources is rapidly evolving and committed to building
long-term value for shareholders through ongoing discoveries and
leveraging business opportunities from our vast land holding.
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. |