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Re: News Release 2008 - Thursday, May 22, 2008
Diamonds North Intersects 24 metres of Sulphides at the Tunerq
Nickel Prospect
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News Release: 08-16
VANCOUVER, May 22nd, 2008 - Diamonds North Resources Ltd. (TSX-V: DDN)
announces that drilling has commenced on the Tunerq nickel prospect
located on the Company's 100% owned Amaruk property in Nunavut. The
first drill hole intersected 26 metres of mafic and ultramafic rocks
with sulphides visually varying up to 10 to 25%.
A vertical hole was drilled into the nickel bearing outcrop at Tunerq.
Sulphides were encountered between 0-24 metres which includes short
intervals of non-mineralized rock. Sulphide content appears visually
similar to the mineralization encountered in outcrop with the addition
of several zones with high chalcopyrite content. Granodiorite was
intersected at 26 metres. The drill hole was terminated at 66 metres
depth.
The Tunerq prospect is an oxidized sulphide bearing outcrop, which was
discovered in 2007. Some of the initial grab samples yielded high
nickel values ranging from just over 1% to 1.71% nickel with associated
copper and cobalt (see News Release NR08-03, January 17th, 2008 &
NR07-23, October 31st, 2007). The sulfide mineralized outcrop is
approximately 20 to 30 metres wide and slopes gently into an extensive
low lying area with no outcrop exposure.
All rock and mineral classifications are based on preliminary field
descriptions of drill chips. Samples will be submitted for geochemical
analysis including nickel, copper and cobalt. At least four additional
holes are planned for Tunerq. The initial drilling is being conducted
using a percussion reverse circulation drill with air recovery enabling
the Company to quickly and cost effectively develop an understanding of
the extent and orientation of the mafic / ultramafic body and
associated nickel -- copper -- cobalt mineralization. A core drill is
available for follow-up during the summer program.
The Company has completed an electromagnetic and magnetic ground survey
over part of the Tunerq prospect.
Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's
qualified persons reviewing this project. 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 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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