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Gold/Mining/Energy : Diamonds North Resources Ltd

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To: Famularo who wrote (48)	11/20/2002 10:18:44 AM
From: kidl	Read Replies (2) of 334

Diamonds recovers additional diamonds at Blue Ice Diamonds North Resources Ltd DDN Shares issued 10,001,033 Nov 19 close $0.67 Wed 20 Nov 2002 News Release Mr. Mark Kolebaba reports DIAMONDS NORTH ANNOUNCES ADDITIONAL DIAMONDS REPORTED IN LATE ... Additional diamonds have been recovered from three kimberlites along the Galaxy structure on the Blue Ice project, Victoria Island. The Vega, Snow Bunting and Sand Piper kimberlites are on the eastern half of the Galaxy structure, and were drilled during the 2002 exploration program. Sand Piper A 45.1-kilogram sample collected from the upper part of drill hole BI-02-03 (interval 39.8 metres to 71.76 metres) yielded 13 diamonds. Three stones exceed 0.5 of a millimetre in at least one dimension. One of the stones has the dimensions one millimetre x 0.60 of a millimetre x 0.34 of a millimetre. Results from the lower part of this drill hole were reported previously in news release 13-02, as reported in Stockwatch Sept. 18, 2002. This drill hole is 100 metres west of BI-02-02 which produced 118 diamonds from 6.49 kilograms of kimberlite. The Sand Piper kimberlite is 2.5 kilometres from the eastern limit of the 20-kilometre Galaxy structure. The Sand Piper magnetic anomaly is a complex 300-metre-long magnetic low. On this basis the exact relationship of kimberlite in holes BI-02-02 and BI-02-03 will require further drilling for clarification. Snow Bunting A 14-metre kimberlite intercept obtained from an angled drill hole into the Snow Bunting kimberlite yielded a 16.71-kilogram sample of split core containing 15 diamonds, four of which exceed 0.5 of a millimetre in two dimensions. The Snow Bunting kimberlite is the furthest east of the known kimberlites on the Galaxy structure and is located 1.5 kilometres east of Sand Piper. Vega A total of 22 kilograms of split kimberlite core obtained from an angled drill hole that intercepted 6.2 metres of the Vega kimberlite yielded 20 diamonds, four of which are greater than 0.5 of a millimetre in one dimension and one that is greater than 0.5 of a millimetre in two dimensions. The Vega kimberlite is one kilometre west of Sand Piper. Table I below shows diamond recoveries for Sand Piper, Snow Bunting and Vega. TABLE I DIAMOND RESULTS Diamonds recovered +0.5 mm +1.0 mm Kimber- Sample 1 2 1 2 lite weight Total Axis Axes Axis Axes (kg) Sand Piper 45.1 13 2 1 1 0 Snow Bunting 16.7 15 4 4 0 0 Vega 22.0 20 4 1 0 0 Table II below shows the diamond size distribution according to square mesh sieve analysis provided by SGS Lakefield Research. TABLE II SQUARE MESH SIEVE SIZES Sample weight (kg) 45.1 16.7 22.0 Sand Snow Piper Bunting Vega Sieze size diamonds diamonds diamonds +0.425 mm 1 3 0 +0.300 mm 0 1 3 +0.212 mm 3 4 5 +0.150 mm 5 3 6 +0.100 mm 4 4 6 -- -- -- Total stones 13 15 20 == == == These results confirm that the semi-continuous kimberlite along eastern half of the 20-kilometre Galaxy structure is diamondiferous. Additional diamond results from 750 kilograms of sample collected from three recently discovered kimberlites (Pegasus, Sculptor and Zeta) on the Galaxy structure are anticipated shortly. Kimberlite samples were split and logged in secure facilities in the field camp. Sample bags were sealed in solid containers and shipped by air to SGS Lakefield Research in Ontario. SGS Lakefield's standard caustic fusion diamond recovery method was used for all sample results. SGS Lakefield is accredited by the Standards Council of Canada to the ISO/IEC Guide 25 standard for specific registered tests. (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com

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