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Re: News Release - Thursday, August 12, 2010
Diamonds North Beluga-3 Bulk Sample Progress
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VANCOUVER, August 12, 2010 - Diamonds North Resources Ltd. (TSX-V:
DDN) has commenced drilling the 25 tonne bulk sample of the Beluga-3
kimberlite, located on its 100% owned Amaruk project in Nunavut.
The 2009 mini-bulk sample of Beluga-3 demonstrated larger diamond
potential giving the Company confidence to proceed with this bulk
sample (see News Release NR09-17, December 1st, 2009). Based on rough
reconstructive analysis provided by Saskatchewan Research Council
Laboratory, the Company estimates the largest diamond fragment
recovered in 2009 to have been a diamond between 0.2 to 0.25 carats
(see News Release NR10-05, April 16th, 2010).
Further interest in the Beluga-3 area has developed as a result of a
comparison of garnet chemistry from the Beluga-3 kimberlite and
surrounding till samples. A high priority garnet population observed in
the till was not recovered in the 2009 Beluga-3 kimberlite sample,
suggesting an untested phase of kimberlite is present in Beluga-3 and
or additional undiscovered kimberlites in the immediate area.
Additional exploration drilling is planned around Beluga-3 to locate
the source of this high priority garnet population.
A total of 25 kimberlites have been discovered on the Amaruk property
and 90% of the kimberlites processed for diamonds are proven to be
diamondiferous. Hundreds of untested anomalies remain and numerous
kimberlite indicator mineral trains remain unresolved offering high
potential for additional kimberlite discovery on the property. Diamonds
North will continue refining kimberlite targeting methods.
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. They are responsible for the design and conduct of
exploration programs and the verification and quality assurance of
analytical results.
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:
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) 2010 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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EXPLORATEUR |
CODE : DDN.V |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Diamonds North est une société d’exploration minière de diamants basée au Canada. Diamonds North détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont SIKU, BANKS ISLAND, UALLIQ et VICTORIA ISLAND au Canada. Diamonds North est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,9 millions CA$ (1,8 millions US$, 1,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 11 janvier 2008 à 2,07 CA$, et son plus bas niveau récent le 15 février 2013 à 0,02 CA$. Diamonds North possède 94 682 000 actions en circulation. |