| Risk and valuation analysis of the Siku Project |
| Status Risk : Green exploration |
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| Title(s) of the Siku Project |
 | Diamonds North Resources Ltd
Joint venture: 50% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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 | Arctic Star Diamond Corp.
Joint venture: 50% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Diamonds North Resources Inc. has an option on the Siku property in the Northwest Territories.
Under the terms of the agreement, Arctic Star can earn a 50% interest in the property by:
Funding bonds on the claims.
Issuing Diamonds North 1.5 mill more... |
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| Location of the Siku Project |
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The property consists of approximately 455,000 acres of claims surrounding three sides (excluding the south side) of the Darby project,
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| History of the Siku Project |
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As of September 30, 2006, Arctic Star had paid $408,215 in bonds on the claims, and in October 2006, the Company paid an additional $355,525. In February 2007, Arctic Star reimbursed $238,886 for bonds originally posted by Diamonds North. All bonds are refundable to Arctic Star upon filing of sufficient assessment work on the claims. Diamonds North will be the operator of the Siku property.
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