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Gold/Mining/Energy : Diamonds North Resources Ltd -- Ignore unavailable to you. Want to Upgrade?


To: VAUGHN who wrote (203)9/5/2003 9:40:05 AM
From: kidl  Read Replies (1) | Respond to of 334
 
Diamonds North extends King Eider kimberlite

Diamonds North Resources Ltd DDN
Shares issued 13,047,885 Sep 4 close $0.75
Fri 5 Sept 2003 News Release
Ms. Nancy Curry reports
DIAMONDS NORTH RESOURCES LTD.: KING EIDER KIMBERLITE STRUCTURE INCREASES TO 25 KILOMETRES WITH NEW KIMBERLITE DISCOVERY Recent fieldwork along the King Eider kimberlite structure, on the 100-per-cent-owned Hadley Bay project, has extended the trend by 10 kilometres to total known length of 25 kilometres with the discovery of a new kimberlite dike. In addition, several new pipe and dike-like anomalies have been identified on this structure. Helicopter magnetic surveying of the northwestern portion of this structure has identified a large magnetic anomaly measuring 1,000 metres by 100 metres and two pipe-like anomalies measuring 150 to 200 metres in diameter. These anomalies are near the known Pintail and Jaeger kimberlites along the structure in this area. Groundwork will commence immediately to detail the magnetic anomalies in preparation for drill testing before the end of the field season. Airborne magnetic data collected in 2002 along the southeast extension of the diamondiferous King Eider kimberlite structure identified a seven- to eight-kilometre dike-like magnetic anomaly. Prospecting along the magnetic anomaly has resulted in the discovery of two kimberlite exposures in two separate trenches one kilometre apart. Approximately 90 kilograms of disaggregated kimberlite was collected for diamond and indicator mineral analysis. Prospecting of this trend will continue. The King Eider kimberlite structure on the Hadley Bay project is located 20 kilometres north of the Blue Ice project's Galaxy structure on Victoria Island.
(c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com

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