NSDM .043.News 5 minutes before close.(PR NEWSWIRE) North Star Diamonds, Inc. announces its upcoming exploration prog
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North Star Diamonds, Inc. announces its upcoming exploration program
BELLINGHAM, WA, March 29 /PRNewswire-FirstCall/ - North Star Diamonds,
Inc. (NQB Pink Sheets: NSDM) announces an aggressive exploration program for
the balance of 2004, which consists of Phases 2, 3 and 4. This program will
provide one of the most comprehensive diamond exploration programs in the
Province of Manitoba.
Phase 1: This resulted in the discovery of a lamprophyre on Shire 1.
Further study of this project is still in progress.
Phase 2: The Wekusko Lake program is located approximately 354 miles
North West of Winnipeg, in a very promising diamond exploration area, where
the only kimberlite dyke was found in 1992. The geophysical work is nearing
completion. Drilling is projected to begin approximately the middle of April,
depending on the availability of equipment and on weather conditions.
Phase 3: located approximately 236 miles North West of Winnipeg. Initial
studies of this location are completed and drilling is expected to commence in
June.
Phase 4: located approximately 37 miles to the south east of Winnipeg.
This program is scheduled to commence in August or September.
Additional information regarding these phases will be forthcoming by way
of press releases in the future.
NSDM now controls a total of 104,523 acres of land in Manitoba which was
located with the assistance of computer enhanced airborne magnetics.
NSDM has projected being listed on the OTC BB by approximately early
December. Since NSDM has been operating only nine months, the main problem
encountered is the length of time of available financial statements.
North Star Diamonds, Inc. is committed to a long-range plan for diamond
exploration and feels that with the Superior Craton Project and the assets in
Ukraine, North Star is focused on establishing the Company as a true world
explorer in search for diamonds.
Disclaimer: The Company relies upon the safe Harbor Laws of 1993, 1934,
and 1995 for all public news releases. Statements, which are not historical
facts, are forward-looking statements. The Company, through its management,
makes forward-looking public statements concerning its expected future
operations, performance and other developments. Such forward-looking
statements are necessarily estimates reflecting the Company's best judgment
based upon current information and involve a number of risks and
uncertainties, and there can be no assurance that other factors will not
affect the accuracy of such forward-looking statements. It is impossible to
identify all such factors. Factors which could cause actual results to differ
materially from those estimated by the Company include, but are not limited
to, government regulation, managing and maintaining growth, the effect of
adverse publicity, litigation, competition and other factors which may be
identified from time to time in the Company's public announcements.
CONTACT: Toll Free: (877) 454-7872, or Email:
contact@northstardiamonds.net, Walter Stunder, President
SOURCE North Star Diamonds, Inc.
-0- 03/29/2004
/CONTACT: Toll Free: (877) 454-7872, or Email:
contact@northstardiamonds.net, Walter Stunder, President/
(NSDM)
CO: North Star Diamonds, Inc.
ST: Washington
IN: MNG
SU:
-30-
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