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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: Letmebe Frank who wrote (766)4/10/2003 9:41:02 AM
From: Rocket Red  Read Replies (1) of 16204
 
Stockwatch News Item
Diamonds North Resources Ltd (C-DDN) - News Release
Diamonds North, SouthernEra begin drilling Misty Lake
Diamonds North Resources Ltd DDN
Shares issued 13,047,885 Apr 9 2003 close $ 0.80
Thursday April 10 2003 News Release


Mr. Mark Kolebaba reports
DIAMONDS NORTH AND SOUTHERNERA START DRILLING ON MISTY LAKE
Diamonds North Resources and SouthernEra Resources have disclosed that drilling has started on the Misty Lake project in the Northwest Territories. SouthernEra (operator) and Diamonds North have budgeted for a 400-metre drill program with expectations to drill at least four targets.
On behalf of the joint venture, SouthernEra has completed ground geophysics over 15 airborne anomalies on the Misty Lake project in late March, 2003. All 15 geophysical anomalies have been reviewed and interpreted with several anomalies considered to be valid kimberlite targets. Four of these targets have been selected for the 2003 phase I drill program. Two of the selected targets have excellent down-ice kimberlite indicator mineral support.
The Misty Lake project comprises 71,000 acres of land located adjacent to the southwest border of the De Beers/Mountain Province Diamonds' Kennady Lake project, where $3-billion in diamonds have been outlined in prefeasibility studies.
In addition to the drill program on Misty Lake, Diamonds North is currently drilling on the Gten mineral claims in the Northwest Territories (see news release in Stockwatch of April 7, 2003).

(c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com
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