Diamonds North Resources Ltd (C-DDN) - News Release
Diamonds North, Teck drill 20 holes at Blue Ice
Diamonds North Resources Ltd DDN
Shares issued 13,047,885 Sep 16 2003 close $ 0.71
Wednesday September 17 2003 News Release
Also Teck Cominco Ltd (C-TEK) News Release
Mr. Mark Kolebaba of Diamonds North reports
DIAMONDS NORTH RESOURCES LTD.: OVER FOUR TONNES OF KIMBERLITE RECOVERED ON BLUE ICE, VICTORIA ISLAND
Diamonds North Resources and Teck Cominco have completed 1,833 metres of drilling on the Blue Ice property on Victoria Island in Nunavut and Northwest Territories. A total of 20 holes were drilled into 11 targets along the Galaxy structure. Nineteen of the holes intersected kimberlite, of which three represent new discoveries, and one hole failed to reach bedrock.
In addition, a fourth new kimberlite body, Orion, was discovered during prospecting along the southeast part of the Galaxy structure. Orion is believed to be a dike that forms part of the structure.
Approximately 4,200 kilograms of kimberlite have been collected from 11 kimberlite bodies through drilling and/or trenching in 2003 on the Blue Ice property. A total of 2,377 kilograms has been submitted to Lakefield Research for caustic fusion and microdiamond recovery. The remaining 1,823 kilograms has been retained for future processing if warranted. The table below summarizes the weights collected from each kimberlite through drilling and/or trenching.
Additional
Samples samples
submitted retained
Kimberlite to lab (kg) (kg)
Fornax 40.0 -
Carina 19.0 -
SLT 4 105.0 20
Vega 125.0 125
Sand Piper East 276.5 630
Snow Bunting 279.0 168
Snow Goose 565.5 580
Gosling 35.0 -
Sculptor 656.0 300
Pegasus 256.0 -
Orion 20.0 -
------- -----
2,377.0 1,823*
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* 1,823 kg is estimated and subject to change
Processing the Blue Ice kimberlite samples will take several months and diamond results are expected to be received starting in September, 2003, through to the first quarter of 2004. Complete results for each specific kimberlite body will be released as they are received.
The Blue Ice program also included 11,360 line kilometres of airborne geophysics to provide complete coverage over the property. Processing of these data is under way.
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