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Diamonds North Discovers Kimberlite on Amaruk Project
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VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 14, 2004) -
Diamonds North Resources Ltd. (DDN - TSX Venture) and BHP
Billiton Diamonds Inc. announces today the discovery of
kimberlite on the Amaruk project in Nunavut south of Kugaruuk.
Kimberlite in the form of coarse boulders and fragments was
discovered in three areas on the property during a short site
visit by Diamonds North personnel confirming Canada's newest
kimberlite district.
In the first area, approximately 350 kilograms of kimberlite
material has been collected for diamond analysis from five
discrete sites forming a 2.3 kilometres northwest trend. This
area (Area 1) is on trend with a 2003 till sample that returned
1350 kimberlite indicator minerals. The variability of the
kimberlite types, size and high abundance of boulders from site
to site suggests the potential for multiple sources nearby.
Numerous kimberlite fragments were also recovered from a second
site (Area 2) on the property approximately 10 kilometres east of
Area 1 where no 2003 sample data was available. The kimberlite
fragments were traced over a distance of more than 600 metres to
a lake where the glacial dispersion appears to terminate.
Insufficient sample volume for diamond analysis was obtained at
this site.
At a third location (Area 3), approximately 30 kilometres
northeast of Area 2 within the original BHP Billiton permits,
small fragments of ultramafic kimberlite like rock were recovered
down ice of a 2003 till sample that yielded 89 kimberlite
indicator minerals. The small rock fragments have not yet been
definitively verified as kimberlite. Insufficient sample volume
for diamond analysis was obtained at this location.
The Amaruk property now comprises over 8 million acres of claims
and exploration permits which are held jointly on a 50:50 basis
by Diamonds North and BHP Billiton. Under the terms of the
agreement, BHP Billiton is currently the operator and may earn an
additional 10% in the project by sole funding through to a
completed feasibility study (see News Release NR04-12, May 17th,
2004). The $4 million exploration program on the Amaruk property
has been completed. Data from the 3000 till samples and 11,000
line kilometres of airborne geophysics will be interpreted to
identify potential kimberlite targets for drill testing.
Mark Kolebaba, the company's president states, "We are excited
with the potential of Amaruk, Canada's newest kimberlite
district. Within a couple of days of walking around small
portions of this massive 8 million acre property, we have
identified kimberlite in areas with kimberlite indicator mineral
support and in one area with no previous sample data. With the
aid of extensive new data collected by BHP Billiton in 2004, we
believe that this property has the potential to deliver the
goods."
The term kimberlite is used here as a field descriptive term.
Selected specimens have been submitted for final petrographic
verification. Samples for diamond analysis will be transferred to
BHP Billiton for processing at SGS Lakefield. Diamonds North's
qualified person for the site visit was Dale Mah (P. Geol).
Diamonds North is a dynamic exploration team focused on
strategically advancing diamond opportunities and determined to
discover Canada's next diamond mine.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Kolebaba, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Diamonds North Resources Ltd.
Nancy Curry
Corporate Communications
(604) 689-2010
(604) 484-7143 (FAX)
Email: info@diamondsnorthresources.com
Website: www.diamondsnorthresources.com
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