Diamonds North Resources Ltd Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Diamonds North Resources Ltd

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: kidl	12/7/2004 9:58:01 AM
	of 334

2005 should be an interesting year ... Re: News Releases 2004 - Monday, December 06, 2004 Title: Amaruk Kimberlite Float Diamondiferous -------------------------------------------------------------------------------- Vancouver, December 6th, 2004 - Diamonds North Resources Ltd. (DDN - TSX Venture) announces that the kimberlite float discovered on the Amaruk property in Nunavut is diamondiferous. Although only seven diamonds were recovered from the 287 kilogram sample of kimberlite float, it confirms at this early stage that Amaruk is potentially a new diamond district in Canada. Very compelling G10 and eclogitic garnet compositions recovered from various parts of the property in the 2004 till samples support the potential for highly diamondiferous kimberlites on Amaruk (see website for G10 Plot). In addition, multiple indicator mineral dispersion trains are emerging from the data suggesting the occurrence of kimberlites in clusters. A drill program will be announced for 2005 upon receipt of all relevant data. The kimberlite float collected from one location on the property during a two day site visit was split into 4 groups based on subtle lithological variations. A portion of each sample was submitted for microdiamond recovery and indicator mineral analysis. The diamond recoveries are shown below. \| Sieve Size (mm) \| -------------\|------------------------------------------------\|------ Sample Wt \| +0.105 +0.150 +0.212 +0.300 +0.425 +0.605 \| Total -------------\|------------------------------------------------\|------ 1 67.63 \| 2 1 2 0 0 0 \| 5 -------------\|------------------------------------------------\|------ 2 144.97 \| 1 1 0 0 0 0 \| 2 -------------\|------------------------------------------------\|------ Note: no diamonds were recovered from a 47.11 kg and a 27.77 kg sample. Evaluation of the kimberlite indicator minerals from the kimberlite float and till samples will provide the joint venture with important information for anomaly discrimination. The data will be used for drill target selection during the 2005 drill program to ensure that the most prospective targets are drilled. The kimberlite indicator mineral data from the kimberlite float is expected before year end. The objectives of the 2004 Amaruk exploration program exceeded expectations in that the kimberlite float proves the area is diamondiferous and the indicator mineral chemistry received to date from till samples establishes that there is potential for highly diamondiferous kimberlites in multiple clusters on the property. Potential drill targets are being selected using a combination of the 11,000 line kilometres of airborne data and results from the 3205 till samples as they are received. The Amaruk project comprises more than 8 million acres of claims and permits held jointly by Diamonds North (50%) and BHP Billiton Diamonds Inc. (50%). The project is currently funded by BHP Billiton which holds an option to earn an additional 10% by completing a feasibility study on the property by 2011. BHP Billiton's expenditure commitment of $2.0 million was expanded to $4.5 million in 2004. Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing the data for the project. 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: Corporate Communications: Nancy Curry Diamonds North Resources Ltd. Telephone: (604) 689-2010 Facsimile: (604) 484-7143 Website: www.diamondsnorthresources.com Email: info@diamondsnorthresources.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next