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Gold/Mining/Energy : Diamonds North Resources Ltd

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To: Miner who wrote (4)	8/29/2002 6:03:38 PM
From: VAUGHN	Read Replies (1) of 334

Hello Miner More news: Diamonds North Resources Ltd - News Release Diamonds North begins Misty Lake field program Diamonds North Resources Ltd DDN Shares issued 10,001,033 Aug 28 2002 close $ 0.41 Thursday August 29 2002 News Release Mr. Mark Kolebaba reports EXPLORATION UNDERWAY ON DIAMONDS NORTH'S GTEN AND MISTY LAKE ... Diamonds North has started a field program to evaluate a series of land-based magnetic anomalies on Misty Lake claims. The program is designed to select targets for a possible drill program in September, 2002. The 71,000-acre property in the Northwest Territories is located immediately south of the Mountain province DeBeers Kennady Lake diamond project with an estimated in situ diamond value of nearly $3-billion. On the Gten claims, a high-resolution airborne magnetic survey has been completed. Final data for the survey are expected within a week, at which time anomalies will be selected for an anticipated drill program in October. Snowfield Resources holds the option to earn a 50-per-cent interest in the 2,169-acre property, located 80 kilometres southeast of Yellowknife, NWT, near the Drybones kimberlite. The Drybones kimberlite is one of the largest-known kimberlite pipes in the Slave province and the only known pipe in the Drybones Bay region. Kimberlite pipes generally occur in clusters and it is likely that other kimberlites exist in the area. Diamonds North continues to explore on its Victoria Island projects in Nunavut and the Northwest Territories. (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com THe Misty Lake claims I believe hold a great deal of promise. DDN's Aug. 6th news made the Northern Miner. Regards Vaughn

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