Diamonds North Using EM to Generate Kimberlite Target on Amaruk Project
19 Julho 2011 - 11:20AM
Marketwired
Diamonds North Resources Ltd. (TSX VENTURE: DDN) announces that it
has received electro-magnetic (EM) data for the eastern side of the
Amaruk Property in the Pelly Bay Diamond District, Nunavut. The
data is currently being interpreted for target selection which is
expected to be completed within a few weeks.
"For the first time we are able to extract kimberlite targets
using EM which could provide a major breakthrough," says Mark
Kolebaba, President and CEO of Diamonds North.
This data is believed to penetrate through conductive overburden
which covers most of the Amaruk Property. A small test survey
completed in 2010 yielded several sizable priority targets, many of
which exhibit an association with kimberlite indicator minerals
(See news release March 24, 2011).
The Company believes that EM data is extremely important for
identifying kimberlite targets in Canada and has played a lead role
in discovering economic kimberlites at the Ekati Diamond Mine,
Diavik Diamond Mine as well as high value kimberlites at the Gahcho
Kue Diamond Project.
In addition to diamond exploration the Company is positioned
with several gold projects including the Esker Property. To view a
video presentation of the Esker Gold Property, visit our website
www.diamondsnorth.com.
Bruce Kienlen (P. Geol) and Graham Gill (P. Geo) are Diamonds
North's qualified persons as defined by National Instrument 43-101,
reviewing this project.
About Diamonds North
Diamonds North Resources Ltd. is rapidly evolving and committed
to building long-term value for shareholders through ongoing
discoveries and leveraging business opportunities from our vast
land holding.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba, President & CEO
Statements in this press release, other than purely historical
information, including statement 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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Diamonds North Resources Ltd. Troy Shultz Corporate
Communications (604) 689-2010 (604) 484-7143 (FAX)
info@diamondsnorth.com www.diamondsnorth.com
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