2008 Silicon Investor Stock Picking Contest - Metals Message Board

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Gold/Mining/Energy : 2008 Silicon Investor Stock Picking Contest - Metals

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From: cautious36	1/8/2008 2:16:46 AM
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Hi Folks a heads up on my pick Diamonds North Diamonds North Recovers 550 Diamonds from 81.75 Kilograms of Tuktu-1 Kimberlite ======================================================================= News Release: 08-01 VANCOUVER, January 8th, 2008 - Diamonds North Resources Ltd. (TSX-V: DDN) announces high diamond counts from the Tuktu-1 kimberlite located on the Company's 100% owned Amaruk property in the Pelly Bay Diamond District of Nunavut. A total of 550 diamonds have been recovered from an 81.75 kilogram reverse circulation/percussion drill-hole sample from the Tuktu-1 kimberlite. A bulk sample program is planned for this kimberlite. More than 90% of the diamonds recovered from the 0.30 mm mesh and above are white with the majority being clear octahedral crystals forms. Diamond results for 18 additional kimberlites are pending, including 8 more kimberlite discoveries in the Tuktu area. Diamonds North has discovered 22 kimberlite to date on the Amaruk property and there are 500 compelling geophysical targets that remain to be tested. Table 1. Diamond Sieve Data for the Tuktu-1 Kimberlite --------------------------------------------------------------------- Weight Sieve Sizes (mm) ------ ---------------------------------------------------- (kg) 0.106 0.150 0.212 0.300 0.425 0.600 Total --------------------------------------------------------------------- Tuktu-1 81.75 269 158 73 37 11 2 550 --------------------------------------------------------------------- The Company views these results as very significant because it is generally considered highly positive to recover one diamond per kilogram of kimberlite. Tuktu-1 has yielded nearly 7 diamonds per kilogram which is comparable to initial results from some of the top diamond producing kimberlites in Canada. The high diamond content within the Tuktu-1 kimberlite sample is consistent with the compelling mineral chemistry of kimberlite indicator minerals recovered from till samples in the area. An abundance of high quality G10 garnets and diamond inclusion chromites were observed in the area. The Tuktu-1 kimberlite is located approximately 15 kilometres from the Qavvik kimberlite where 515 diamonds where recovered from 397 kilograms of kimberlite (see News release NR-07-07, March 29th, 2007). The Tuktu-1 discovery represents the third highly diamondiferous region on the Amaruk property The Tuktu-1 geophysical anomaly covers an area of about 1.2 hectares and appears to be part of a larger overall complex confirmed by 2007 RC/percussion drilling covering approximately 5 hectares. Additional adjacent targets that have not yet been drill tested expand the geophysical target to approximately 8 hectares. The drill cuttings were logged in secure facilities at the Amaruk field camp by geoscientists. Samples were securely sealed in solid containers and shipped to Saskatchewan Research Council (SRC) in Saskatoon for processing. The results presented in this news release were obtained by SRC using their standard caustic fusion diamond recovery method. SRC is accredited by the Standards Council of Canada to the ISO/IEC Guide 25 standard for specific registered tests. As part of an ongoing Quality Control & Quality Assurance program, Diamonds North will conduct reviews and audits of results. Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing these projects. They are responsible for the design and conduct of the exploration programs and the verification and quality assurance of analytical results. Diamonds North Resources is focused on discovering Canada's next diamond mine. The Company is rapidly evolving and committed to building long-term value through ongoing diamond discoveries. On behalf of Diamonds North Resources Ltd. Mark Kolebaba President & CEO For additional information please contact: Nancy Curry VP Corporate Communications Diamonds North Resources Ltd. Telephone: (604) 689-2010 Facsimile: (604) 484-7143 Email: info@diamondsnorth.com Website: www.diamondsnorth.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements. ======================================================================= Copyright (c) 2008 DIAMONDS NORTH RESOURCES LTD. (DDN) All rights reserved. For more information visit our website at diamondsnorth.com or send mailto:info@diamondsnorth.com =======================================================================

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