Vancouver, BC, October 18, 2012 -- Diamonds North Resources (TSX-V: DDN)and Uranium North Resource Corp. (TSX-V: UNR) ("the "Companies") announce that their U.S. Subsidiary Minerals North LLC has completed an initial exploration program on the Empire Creek gold project in Ferry County Washington State. Numerous high grade gold and silver values from grab samples including 21.1 g/t gold and 474 g/t silver have been obtained in association with north-south and east-west structures identified by magnetic surveying.
Prior to the 2012 Empire Creek field program comprehensive data compilation for the property was completed. Historic results from surface samples and drill core highlight high gold and silver values, however the results appeared to be random with no apparent mineralizing control.
Detailed property wide sampling, magnetic surveying and prospecting was initiated to determine controls on gold and silver mineralization. Interpretation of the magnetic data has identified two key associations on the property:
1.Prominent north-south structures denoted by magnetic lows indicating possible silica alteration/magnetite destruction
2.A series of parallel east-west structures cross cutting the property
At least 95% of the samples yielding 1 g/t gold or more, fall on or are within, 50 metres of an east-west or north-south structure. The majority of samples greater than 5 g/t gold lie within two north-south trending corridors associated with magnetic lows that extend for more than 700 metres.
"Our systematic approach has rapidly advanced the Empire Creek project. We have highlighted high gold/silver concentrations along major structures. This property is only 20 kilometres from the Kettle River Mill facility and 7 kilometres from the Kinross K2 deposit," says Mark Kolebaba President and CEO of the Companies.
