FOR: DIAMONDS NORTH RESOURCES LTD.
TSX VENTURE SYMBOL: DDN
OCTOBER 15, 2003 - 08:30 ET
Diamonds North Resources Ltd.: Snow Bunting Yields Large
Diamonds
VANCOUVER, BRITISH COLUMBIA--Diamonds North Resources Ltd.
(DDN-TSX Venture) announces diamond results for the Snow Bunting
kimberlite located along the southeast end of the Galaxy
Kimberlite Structure. These diamond results, with 21% of the
stones classified as macrodiamonds in 217.68 kilograms sampled,
are from the jointly funded Diamonds North - Teck Cominco Limited
2003 work program on the Blue Ice Project, Victoria Island.
Thirteen samples from the Snow Bunting kimberlite combine to form
two composite samples: SB1 and SB2. Sample SB1, weighing 163.04
kilograms, yielded 77 diamonds; eighteen (23%) of the diamonds
are classified as macrodiamonds including four stones (5%)
greater than 1mm in at least one dimension as shown in the table
below. Sample SB2, a 54.64 kilogram sample, yielded 11 diamonds
with one stone greater than 0.5mm in two dimensions.
/T/
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Weight
Sample (kg) DIAMONDS RECOVERED
----------------------------------------------------
Total +0.5 mm 1.0 mm
--------------------------------------------
1 Axis 2 Axes 1 Axis 2 Axes 3 Axes
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SB1 163.04 77 18 7 4 2 1
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SB2 54.64 11 1 1 0 0 0
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The largest stones from the two Snow Bunting samples have the
following dimensional measurements:
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Five largest stones (mm)
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Sample X Y Z
----------------------------------
SB1 1.34 1.14 1.20
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SB1 1.23 1.00 0.68
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SB1 1.05 0.94 0.88
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SB1 1.00 0.71 0.53
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SB2 0.97 0.60 0.43
----------------------------------
/T/
Full Square Mesh Sieve diamond results for the Snow Bunting
kimberlite samples are shown below. These results demonstrate a
highly favourable diamond size distribution confirming the
presence of larger diamonds in samples of increased size at Snow
Bunting.
/T/
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Sieve Sizes (mm)
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Wt
Sample (Kg) +1.18 +0.850 +0.6 +0.425 +0.3 +0.212 +0.15 +0.1 TOTAL
--------------------------------------------------------------------
SB1 163.04 1 2 0 3 10 17 22 22 77
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SB2 54.64 0 0 0 1 0 2 5 3 11
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/T/
The high proportion of large diamonds in the Snow Bunting
kimberlite, indicates the potential for this kimberlite to carry
economic diamond grades. The 2003 results from Snow Bunting are
consistent with other kimberlites along the Galaxy Structure, and
with 2002 diamond results for Snow Bunting from which 15 diamonds
were recovered from a 16 kilogram sample with 27% greater than
0.5 mm in two dimensions.
The Snow Bunting kimberlite dyke is outlined by a distinct
magnetic anomaly up to 200 metres long. This kimberlite forms
part of the 2.7 kilometre long continuous segment of
diamond-enriched kimberlite dykes and blows along the southeast
end of the 20 kilometre Galaxy Kimberlite Structure. The 2.7
kilometres segment of continuous diamondiferous kimberlite
includes the Snow Bunting, Virgo, Sand Piper East, Sand Piper and
Vega kimberlites.
Two adjacent kimberlite lithologies have been identified in Snow
Bunting: a northern, dominant olivine macrocrystic hypabyssal
kimberlite with mantle derived indicator minerals, and a
southern, strongly serpentinized and clay altered olivine
macrocrystic kimberlite with abundant kimberlite magmaclasts.
Sample SB1 is a composite of 10 sub-samples from the hypabyssal
kimberlite and SB2 is a composite of 3 sub-samples from the
altered kimberlite.
Drill hole BI-03-11, from which samples SB1 and SB2 were
obtained, drilled at -84o inclination to maximize sample volume,
intersected 91.48 metres of kimberlite in two dykes before
terminating in kimberlite. Estimated true thickness of the main
northern kimberlite is eight metres, however its complete
thickness at 90 metres is not known as the drill hole ended in
this zone.
A high proportion of the Snow Bunting diamonds within samples SB1
and SB2 are transparent and white (colourless). Of particular
interest, four pink diamonds were recovered; other colours
include yellow, off-white and brown. A summary of colours and
clarity of the recovered diamonds are shown in the table below.
/T/
No. stones %Transparent %Translucent %Opaque
-------------------------------------------------------------
All stones 88 81% 16% 3%
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White 68 85% 13% 1%
Off white 10 80% 20% 20%
Pink 4 100% 0% 0%
Yellow 4 50% 50% 0%
Brown 2 50% 50% 0%
/T/
Kimberlite samples were split and logged in secure facilities at
the field camp by qualified geoscientists. Samples were securely
sealed in solid containers and shipped by air to SGS Lakefield
Research in Ontario. SGS Lakefield's standard caustic fusion
diamond recovery method was utilized for all samples. SGS
Lakefield is accredited by the Standards Council of Canada to the
ISO/IEC Guide 25 standard for specific registered tests.
Diamonds North Resources Ltd. is a diamond exploration company
with ten projects covering over two million acres of land in
Canada's Nunavut and Northwest Territories. Eight projects are
located on Victoria Island and two projects are adjacent to the
De Beers/Mountain Province Kennady Lake advanced stage discovery.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba, President
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Diamonds North Resources Ltd.
Nancy Curry
Corporate Communications
(604) 689-2010
(604) 685-2814 (FAX)
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