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Nickel Exploration Program Begins on Diamonds North's Amaruk Property
Published : July 14, 2011
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Mots clés associés :   Copper | Laos | Nickel | Precious Metals | Zinc |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2011) - Diamonds North Resources Ltd. (TSX VENTURE:DDN) reports that Minerals and Metals Group (MMG) has informed the Company that the 2011 airborne electro-magnetic survey targeting nickel has been initiated on parts of the Amaruk - Tunerq property in Nunavut. The survey will focus on areas with known mafic-ultramafic bodies and nickel - copper geochemical anomalies in till (See news release February 3, 2011).

An approximate 6,000 line kilometre Geotem Survey operated by Fugro will be flown over several high-priority areas including the Tunerq prospect. At Tunerq, a drill hole intersected 2.49% nickel over 9 metres within a 35 metre wide zone assaying 1% nickel (see news release May 22, 2008).

"The property is host to more than 50 mafic-ultramafic bodies and large areas with anomalous nickel and copper in till samples. The objective of the survey is to prioritize these areas and identify conductors that could represent significant targets," says Mark Kolebaba, President and CEO of Diamonds North.

This survey is part of the 2011 budget announced February 3, 2011 and is solely funded by MMG. A formal joint venture agreement has been finalized which was based upon the terms defined in a letter agreement signed by Diamonds North and MMG in March 2010 (See news release March 9, 2010). MMG may earn a 75% interest in nickel and other base metals on the Amaruk property, by completing a pre-feasibility study on any base metal deposit that might be identified.

Bruce Kienlen (P. Geol) and Graham Gill (P. Geo) will review the base metal data from this project for Diamonds North.

About Diamonds North

Diamonds North Resources Ltd. is rapidly evolving and committed to building long-term value for shareholders through ongoing discoveries and leveraging business opportunities from our vast land holding.

About MMG

MMG is owned by Minmetals Resources Limited (HKSE 1208), an international upstream base metals company. It is one of the world's largest producers of zinc as well as a substantial producer of copper, lead, gold and silver. Minmetals Resources Limited currently has mining operations located in Australia and Asia and a large portfolio of exploration and development projects in Australia, Asia and North America. Its operations include the Century mine in Queensland, Sepon copper and gold operations in Laos, Golden Grove underground base and precious metals mine in Western Australia and the polymetallic Rosebery mine in Tasmania.

On behalf of Diamonds North Resources Ltd.

Mark Kolebaba
President & CEO

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Diamonds North Resources Ltd.
Troy Shultz
Corporate Communications
(604) 689-2010
(604) 484-7143 (FAX)
info@diamondsnorth.com
www.diamondsnorth.com
Données et statistiques pour les pays mentionnés : Laos | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Laos | Tous

Diamonds North Resources Ltd

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CODE : DDN.V
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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.

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Rapports annuels de Diamonds North Resources Ltd
2007 Annual report
Financements de Diamonds North Resources Ltd
06/07/2010Increases Flow-Through Financing
15/06/2010Announces Flow-Through Financing
05/08/2009Closes Non-Brokered Flow-Through Private Placement
17/07/2009Announces Flow-Through Financing
29/06/2009Extends/Reprices Warrants
10/07/2008Closes Final Tranche of Non-Brokered Private Placement & Ove...
07/07/2008Closes $12.5 Million Bought Deal Financing
26/06/2008Increses Non-Brokered Private Placement
19/06/2008Announces $10 Million Bought Deal Financing
01/12/2007Completes Flow-Through Financing
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18/05/2011Acquires Permits with Grab Samples as High as 43.9 g/T Gold
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24/03/2011Identifies a New Type of Kimberlite Target on Amaruk
23/02/2011Significantly Expands Gold Target on Amaruk
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04/02/2008Announces Qavvik-1 Kimberlite Results on Amaruk
17/01/2008Higher Nickel Values from Diamonds North's Nickel Discovery
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16/05/2007(Siku)Resources And Arctic Star Plan C$1,500,000 Exploration Progr...
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Communiqués de Presse de Diamonds North Resources Ltd
19/02/2013Amalgamation of Uranium North and Diamonds North Complete; A...
08/02/2013and Uranium North Shareholders Approve Amalgamation
18/01/2013Visit Us at Booth 1034; Presentation Monday Jan 21st - 2:30p...
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11/10/2012Uranium North and Diamonds North Announce Trenching Commence...
04/10/2012Gold Target Areas Identified on the Poland China Project
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13/06/2012Continues to Build a Postion in Washington State with Additi...
23/01/2012Identifies IOCG Targets at Hepburn Property
12/08/2011Field Assessment of Nickel Targets on Diamonds North's Amaru...
28/07/2011Nickel Airborne Survey Completed on Amaruk
21/07/2011Initiates Prospecting on Fox Gold Property with Grab Samples...
19/07/2011Using EM to Generate Kimberlite Target on Amaruk Project
19/04/2011Files Annual Report and Grants Incentive Options
22/03/2011Partners with Indicator Minerals in Pelly Bay Diamond Distri...
17/08/2010Increases Extent Of HI-2 Iron Formation Over 800%
12/08/2010Beluga-3 Bulk Sample Progress
23/07/2010Closes Final Tranche Of Financing
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16/07/2010Begins Halkett Inlet Gold Program
13/07/2010Begins Work At Amaruk
09/07/2010Closes Tranche 1 of Financing
16/04/2010Plans Bulk Sample of Beluga-3 Kimberlite
21/01/2010Investing in Nunavut Event
17/01/2010Discovers another Gold Source on Amaruk
24/12/2009Grants Incentive Options
01/12/2009Recovers Larger Diamonds from Beluga-3
29/10/2009Expands Gold Targets on Amaruk
19/10/2009reports 9.4g/T and 24 g/T Gold on Amaruk
01/10/2009To Begin Processing Beluga-3 Bulk Sample
30/07/2009President's Message - July 29, 2009
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29/05/2009Options Granted
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24/02/2009Diamond Results for Tuktu & Qavvik Kimberlites
21/01/2009Corporate Update
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26/06/2008Clarification of title, Diamonds North News Release
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11/07/2007Provides Update on Hepburn
05/07/2007Acquires 100% interest in the Banks Island Project
11/05/2007Options Granted
05/05/2007AGM Thursday May 10th, 2007 and Options Granted
18/04/2007budgets on Sakari and Ualliq properties
01/03/2007Options Granted
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