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Gold/Mining/Energy : Diamonds North Resources Ltd
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To: Gord Bolton who wrote (106)3/14/2003 10:58:36 AM
From: Letmebe Frank  Read Replies (2) of 334
 
I talked to Nancy Curry at the PDAC show about the Victoria Island Galaxy structure. She said that this 20 km long "structure" is, what I think she said was, a dyke that was 16 feet (or was it meters?) wide, and it had no downslope as with Winspear, but it was verticle. Along the length of this structure are pipes and blows. Did anyone else who was at the PDAC hear something similar?

They had a mag survey of the structure that isn't on their web site. diamondsnorthresources.com

Their NR of last July described it this way: "A continuous 10 kilometre long geophysical grid established in June 2002 confirms the presence of a major multi-dyke kimberlite system with numerous pipe-like bodies situated along strike. This kimberlite system is expected to be as long as 12 kilometres. Kimberlite float in the form of cobbles and pebbles has recently been discovered in the central part of the grid in an area with no previously known kimberlite occurrences."

A more recent NR said "Results from all three kimberlites show that the central part of the 20 kilometre Galaxy Structure is diamondiferous. The Sculptor kimberlite in particular illustrates that portions of the central Galaxy Structure are highly enriched in diamonds. "

I like the way this story is unfolding, and the way the stock is trading. Their market cap is still abut 10 million. DDN, in my opinion, is going to be a source of much excitement this year.

I should say that I don't own any stock yet, but I will be buying on any weakness. I would like DNN to represent at least 5% of my portfolio.
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