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Northern Persistence
Challenges Notwithstanding, Nunavut Explorers Persevere
By Greg Klein
See Part I of this story. http://resourceclips.com/2012/03/06/minings-last-frontier/
Nunavut’s mining future might have seemed grim indeed when Agnico-Eagle TSX:AEM applied a $644.9-million write-down to Meadowbank, the territory’s sole operating mine. Newmont’s TSX:NEM $1.61-billion write-down of its Hope Bay Gold Project would seem to validate pessimism. Yet Nunavut mining has flourished in the past, and rising commodity prices have brought renewed interest in past-producing operations. Meanwhile, a new strategic alliance offers hope for largely unexplored lands.
Undeterred by its Meadowbank disappointment, Agnico is pushing its Meliadine Gold Project towards 2017 production. But if Elgin Mining TSXV:ELG keeps to its timeline, it will re-open the Lupin Gold Mine by Spring 2014. Located 400 kilometres north of Yellowknife, the mine was shut down by Kinross TSX:K in 2005 after producing 3.34 million ounces. Production, however, was sporadic. The mine was opened October 1982, shut down January 1998, re-opened April 2000, shut down again August 2003, re-opened March 2004 and shut down yet again in February 2005.
Read the rest of this article. http://resourceclips.com/2012/03/12/northern-persistence/
You're alright!
here's to your new computer and a new kidney for PM.
Cheers!
HeeHee, thanks melt!
It is running at about 25% of the use I had on 2/28 but I am learning back doors to open stuff. Kind of like my old Dodge that needed a screwdriver stuck in the carb to start it.
When DN hits I will buy a new one plus get pm's kidey back!
b4
yea your computer came back on!
nice to see you Mr. Lahey
still in the park, Sunnyvale?
Excellent first post Jim. Welcome to the board!
b4
New Hepburn Video Update
Mark Kolebaba just posted a new video update on the Hepburn project, definitely worth a watch imo.
Watch Here
Australia unearths its largest pink diamond ever
4 hrs ago
What do you do when you pull a giant pink diamond out of the earth? You tweet it, of course! Mining giant Rio Tinto excitedly tweeted the discovery of its 12.76-carat rock, named the Argyle Pink Jubilee after the mine where it was found.
There are big bucks in big diamonds and our bet is that Rio hopes this stone will fetch a price in line with the eye-watering $46 million London jeweler Lawrence Graff paid for the 24.78-carat diamond he named The Graff Pink in 2010.
Maybe Jessica and Justin should have postponed
http://now.msn.com/money/0222-pink-diamond-australia.aspx
At this pps its hardly a gamble...stick a thousand bucks worth away for a rainy day.
Every once in awhile I have to dust them off but they still "sparkle"
Folks forget that DN is finding lots of gold too.
b4
Diamond Investing Not for Faint of Heart
Diamonds could bring true love to investors willing to brave a tough market, but experts say heartbreak lurks for the unwary.
Dazzling numbers make the multifaceted market seem to glitter.
According to Martin Rapaport’s “Diamond Price Statistics Annual Report — 2011,” every $1,000 spent on a 5-carat diamond 10 years ago would have returned $1,645 in 2011.
A decade-long diamond investment outpaced returns in the yen, euro, and Nasdaq or Dow Jones indices, according to the report.
Rapaport, however, is cautious about investing in the market. He says normal investors have “no access to the market,” and that the bid/ask spread for items is “crazy.”
“Let’s say you have a diamond that you inherited from your grandmother,” Rapaport says. “Your ability to get a good price for that diamond would be a lot less than mine because I have more access to buyers and sellers and traders.”
Indeed, there are few vehicles for investing in diamonds. There are no futures or ETFs for diamonds, unlike precious metals. While the spot price of gold can be found for free online, or on TV, the most respected sources for diamond prices (like Rapaport’s price guides) are subscription-based and traders.”
Indeed, there are few vehicles for investing in diamonds. There are no futures or ETFs for diamonds, unlike precious metals. While the spot price of gold can be found for free online, or on TV, the most respected sources for diamond prices (like Rapaport’s price guides) are subscription-based
http://www.cnbc.com/id/46330562
News Out on Hepburn maybe this is the reason for volume!
.Diamonds North Identifies IOCG Targets at Hepburn Property
Marketwire - Mining and Metals | January 22, 2012
Email Article.VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 22, 2012) - Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces that it has delineated two large scale Iron Oxide Copper Gold (IOCG) targets on the Hepburn Property located in the Northwest Territories.
The south IOCG target is over 2.5 kilometres long and up to 200 metres wide. The target is defined by a strong and continuous east-west trending Induced Polarization (IP) chargeability anomaly that extends over this target is open to the west and southeast (See copper and silver maps on our website www.diamondsnorth.com).
The IP anomaly is associated with several other features commonly associated with known IOCG deposits, this includes:
1.A regional magnetic anomaly
2.A regional radiometric anomaly
3.Extensive zones of brecciation
4.Strong magnetite, potassic, hematite, chlorite and sericite alteration
5.Zones of anomalous to high grade copper, silver, gold, bismuth and uranium mineralization
6.Proterozoic intrusive rocks
7.Large, deep-seated faults and graben structures
“IOCG orebodies range from 10 million to 4 billion tonnes and can have grades between 0.2 to 5% copper. They commonly produce important by-products such as gold, silver, uranium and bismuth. At this stage, Hepburn is demonstrating many of these qualities as it is a large scale target with key IOCG alteration, structure and mineralization characteristics. An initial drill program could significantly advance this project,” says Mark Kolebaba, President and CEO of Diamonds North.
In 2011, 24 line kilometres of IP were surveyed and 61 samples were collected from the property. Table 1 shows a compilation of selected samples highlighting the south target. The geochemistry shows high copper (up to 19.8%), silver (up to 123 g/T) and uranium (up to 4340 ppm) assays associated with elevated gold (up to 0.275 g/T) and bismuth (up to 0.17%) assays.
Table 1: South Zone
Sample Copper % Silver (g/T ) Gold (g/T ) Uranium (ppm ) Bismuth %
1 19.8 72 0.072 0.169
2 7.6 32.5 0.216 0.124
3 5.8 31.1 0.15 0.0356
4 4.1 123 0.258 264 0.028
5* 2.49 13.3
6* 1.44 19.4 0.019
7 1.07 8.9
8 0.91 3.3 0.0252
9 0.653 3.2
10 0.616 10.5
11 0.526 3.4
12 0.467 5.6
13 0.376 3.4
14* 0.232 3.4 0.275 0.0173
15 0.126 7.2 2010
16 0.0379 0.1 4340
* All grab samples with the exception of samples 5, 6 & 14 are chip samples over 0.5, 0.4 & 0.55 metres respectively. Samples were collected from 2006 through 2011.
A second large target, 500 metres to the north, is outlined by a 2 kilometre long, 500 metre wide IOCG style alteration zone which includes magnetite, hematite, sericite and chlorite. This zone contains high copper (up to 40.2%) silver (up to 1129 g/T), uranium (up to 3099 ppm) and gold up to (0.635 g/T) values. The IP over this target forms a narrower east-west trending anomaly that extends for at least 600 metres and is open at either end due to lack of surveying. The geochemical values and alteration patterns show this to be a target worthy of further follow-up work.
Table 2: North Zone
Sample Copper % Silver (g/T ) Gold (g/T ) Uranium (ppm )
1 40.2 197 0.635
2 30.9 133 0.151
3 23.4 116 0.202
4 15.5 70 0.136
5 9.22 41 0.044
6 5.08 35.2
7 3.29 1129 0.052 215
8 2.97 156 0.06
9 2.57 18.6
10 2.07 46 608
11 1.65 729 3099
12 1.18 77.6 0.196
13 1.09 5.2
14 1.09 10.3
15 1.04 3.8
16 0.79 3
17 0.671 2.6
Grab samples were collected from 2006 through 2011.
Further interpretation and modeling of the IP data to better define drill targets is underway. Currently a 2500 metre program is recommended for Hepburn.
The Hepburn target lies within the Great Bear Magmatic Zone which is considered one of Canada’s most prospective IOCG terrains. The NICO and Sue-Dianne deposits are local examples of IOCG deposits within the Great Bear Magmatic Zone. Other world examples include Olympic Dam, Ernest Henry, Candelaria and Manto Verde deposits (see our website www.diamondsnorth.com for estimated size and grades of these IOCG deposits).
Graham Gill (P. Geo) is Diamonds North’s qualified persons as defined by National Instrument 43-101, reviewing this project.
All samples collected in 2011 were shipped in sealed containers and processed at the Saskatchewan Research Council (SRC) Geoanalytical Laboratories, which is an ISO/IEC 17025 accredited laboratory for mineral analysis testing. Samples were analyzed using SRC’s Uranium Exploration ICP Package, which includes uranium by total digestion ICP-OES analyses and uranium by partial digestion ICP-OES analyses. All samples having more than 1,000 ppm uranium were assayed using a uranium assay dissolution procedure. SRC is accredited by the QMI Quality Registrars to ISO 9001:2000, and by the Standards Council of Canada to ISO 17025. A standard aqua-regia digestion and ICP-AES package was used on all samples. Ore grade assays were analyzed by Atomic Absorption.
Diamonds North will be exhibiting (Booth #1034) at the Vancouver Resources Investment Conference January 22-23rd 2012 held at the Vancouver Convention Centre West. For more information and to pre-register go to www.cambridgehouse.com. Diamonds North will also be exhibiting (Booth #B20) at the AMEBC Mineral Exploration Round Up January 25-26th held at the Westin Bayshore Hotel. For more information go to www.amebc.ca.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba, President & CEO
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Insider reports???
It will be interesting to see if the volume on Friday has any thing to do with insider reports sell or buys.
I made a quick call to DDN to Troy this is what I got...It was around the first week of Dec..
If this helps spoke to Troy a couple of weeks ago; the only questions I ask was about the Esker property, the response I got was we are still waiting for results (any day now) lab is backed up.
As for drilling the plan now is early spring, I tried to get a more fixed date more or less--- around early march if possible.
I guess all depends on results I guess but he did sound positive about the property.
But you guys know how these conversations turn out-- maybe yes maybe no.
More patience I guess
Large volume on Friday???
over 1 million traded on the TSX
over 250 thousand on the Alpha Exc..
Any one know how many were traded here in the US ???
Must be some thing coming up soon...
Hi gem, nice to have company here. Diamonds North is not only getting diamonds but high grade gold too. Like the other gold company we share it is a long ass wait but the regular progress news keeps me in the game!
b4
Time for a shake up in the diamond market and hopefully it will reflect here.
Oh well, back to the 52 week low. I still have confidence. DDNFF has a great propety. We need some production.
b4
VANCOUVER, Aug 17, 2011 -- Diamonds North Resources Ltd.
(TSX-V: DDN)announces that the 2011 exploration program has begun on the Hepburnproperty in the Northwest Territories. The program will focus ondelineating areas of concentrated mineralization for drilling usinginduced polarization (IP) surveying and prospecting. "The Hepburn property has already demonstrated high copper silverpotential along with bismuth, uranium and gold credit. Successfullyidentifying drill targets on this property would be a significantadvancement" says Mark Kolebaba President and CEO of Diamonds North. Initial grab samples from the property returned values up to 19.8 %copper, 123.0 grams per tonne silver, 0.20% uranium and 0.17% bismuth. These showings appear to be associate with a 3.5 kilometre by 1.5kilometre magnetic high which is semi-coincident with a radiometricanomaly detected by airborne surveying. Anomalous gold values suggestthe system is gold bearing (see news release March 4, 2010). In addition to the Hepburn property the Company is actively exploringfor gold on Southern Nunavut properties including the Esker Property.To view a video presentation of the Esker Gold Property, visit ourwebsite www.diamondsnorth.com.
News Release 2011 - Friday, August 12, 2011Field Assessment of Nickel Targets on Diamonds North's AmarukProperty======================================================================= VANCOUVER, Aug 12, 2011 -- Diamonds North Resources Ltd. (TSX-V: DDN)reports that Minerals and Metals Group (MMG) has informed the Companythat they have mobilized a field crew to conduct lake-bottom sedimentsampling to follow-up on preliminary EM anomalies identified from thesurvey recently completed on the Amaruk nickel project in Nunavut (seenews release July 14, 2010). To view a presentation on the nickelpotential at Amaruk visit our website www.diamondsnorth.com. MMG is project operator and is fully funding the nickel explorationprogram at Amaruk. Nickel potential of the property is demonstrated bya drill hole that intersected 2.49% nickel over 9 metres within a 35metre zone assaying 1% nickel (See news release May 22, 2008). Bruce Kienlen (P. Geol) and Graham Gill (P. Geo) will review the basemetal data from this project for Diamonds North.
News Release - Monday, August 08, 2011 Diamonds North Begins Diamond and Gold Exploration at Amaruk======================================================================= VANCOUVER, Aug 8, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)announces that the 2011 exploration program has been initiated on theAmaruk Property in Nunavut. The program will focus on top priority goldprospects as well as follow-up of a new generation of kimberlitetargets identified from electro-magnetic (EM) airborne data. "We are excited to begin our exploration program this year on Amaruk.This prospecting and sampling program is intended to demonstrate highgold values as well as increase our confidence in targeting kimberliteusing EM prior to drilling" says Mark Kolebaba President and CEO ofDiamonds North. Diamond exploration on the property will primarily include detailedtill sampling in close proximity to high-priority targets identifiedfrom the EM data recently received (See news release July 19, 2011). The EM data is believed to penetrate through conductive overburdenwhich covers most of the Amaruk property. Several sizable prioritytargets, many of which exhibit an association with kimberlite indicatorminerals, have been identified and require follow-up sampling. EM data has been extremely important for discovering economickimberlites at the Ekati Diamond Mine, Diavik Diamond Mine as well ashigh value kimberlites at the Gahcho Kue Diamond Project. In addition, extensive prospecting and sampling around priority goldprospects such as Far East and DEL will be conducted with the intentionof extending the known prospects and increasing the sample grades. Rock samples collected from the 15 kilometre long DEL showing returnedgrab samples up to 4.16 g/T gold and chip samples up to 1.20 g/T goldover 3.0 metres (See news release October 25, 2010). Surface exposureis limited with less than 10% of the iron formation exposed; thereforea small, hand-held drill will be utilized to test sub-surface areasaround the DEL prospect. Initial prospecting at the Far East showing led to the identificationof an extensive area with anomalous gold and silver including rocksamples with 2.66 g/T gold and 1.19 g/T gold with 49.5 g/T silver.Within similar rocks 1500 metres to the south of the main Far Eastshowing, additional mineralization was identified where samplesreturned 24.9 g/T silver and 0.126 g/T gold (See news release November30, 2010). The Company is also actively exploring for gold in Southern Nunavut onthe Esker property. To view a video presentation of the Esker GoldProperty, visit our website www.diamondsnorth.com.
News Release - Thursday, July 28, 2011 Diamonds North Nickel Airborne Survey Completed on Amaruk======================================================================= VANCOUVER, July 28, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)reports that the Geotem airborne electro-magnetic survey targetingnickel on the Amaruk-Tunerq Property in Nunavut has been complete.Processing and interpretation of the data will commence immediately. Toview a presentation on the nickel potential at Amaruk visit our websitewww.diamondsnorth.com. "Amaruk has the potential to host a significant nickel deposit. We areexcited to receive the results from this survey to advance the projectto target testing" says Mark Kolebaba, President and CEO of DiamondsNorth. The 5,000 line kilometre Geotem Survey operated by Fugro is funded bythe Mineral and Metals Group (See news release July 14, 2011). Thesurvey focused on known mafic-ultramafic bodies and geochemicalanomalies previously identified including the Tunerq prospect. AtTunerq a drill hole intersected 2.49% nickel over a 9 metre intervalwithin a 35 metre zone assaying 1% nickel (See news release May 22,2008). Bruce Kienlen (P. Geol) and Graham Gill (P. Geo) will review the basemetal data from this project for Diamonds North.
Diamonds North is sure generous to shareholders as far as keeping us current on their activities!
News Release - Thursday, July 21, 2011 Diamonds North Initiates Prospecting on Fox Gold Property withGrab Samples as High as 43.9 g/T Gold======================================================================= VANCOUVER, July 21, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)announces the 2011 exploration program on the Fox gold property inNunavut is underway. The program will focus on top priority areasidentified during a comprehensive independent data review. Highly anomalous gold has been reported from iron formation over a 2.2kilometre strike length at Fox. In addition to grab samples that haveassayed as high as 43.9 g/T gold, chip samples across the ironformation have yielded values as high as 5.8 g/t gold over 3.4 metres,7.8 g/t gold over 2.2 metres and 9.8 g/t gold over 1.5 metres. Thisgold bearing iron formation has been folded and is in close proximityto the Pyke Fault which is believed to control mineralization at theMeliadine Gold deposit (resource of more than 5 million oz gold *). An independent report commissioned by the company states the Foxproperty is underexplored and has excellent potential to hostsignificant gold mineralization. The area is structurally complex,anomalous gold is widespread and several favourable host rocks for goldin addition to iron formations, exist on the property includingvolcanic / sedimentary rocks and intrusive rocks. The Fox property covers an estimated 45 kilometre strike length ofprospective volcanic/sedimentary rocks with iron formation andintrusive rocks. Historically, prospecting on Fox focused exclusivelyon iron formation hosted gold. The 2011 program will further explorethe iron formation and will focus on other target rocks on theproperty. "Our Fox data review has identified new prospective targets for goldand we now have the opportunity to explore beyond the iron formationand expand the potential of the project" says Mark Kolebaba Presidentand CEO of Diamonds North. The Fox Gold property is located 75 kilometres from the coastal Hamletof Rankin and 65 kilometers North West of the Meliadine deposit. The gold values reported are from assessment reports and have not beenverified by the Company, however, the work appears to have beencompleted under standard best practices consistent with the time andappears to be of reasonable quality. Bruce Kienlen (P. Geol) and GrahamGill (P. Geo) are Diamonds North's qualified persons, as defined byNational instrument 43-101, reviewing this project. In addition to the Fox gold property the Company is actively exploringfor gold on other Southern Nunavut properties including the EskerProperty. To view a video presentation of the Esker Gold Property,visit our website www.diamondsnorth.com.
News Release - Tuesday, July 19, 2011Diamonds North Using EM to Generate Kimberlite Target on AmarukProject======================================================================= VANCOUVER, July 19, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)announces that it has received electro-magnetic (EM) data for theeastern side of the Amaruk Property in the Pelly Bay Diamond District,Nunavut. The data is currently being interpreted for target selectionwhich is expected to be completed within a few weeks. "For the first time we are able to extract kimberlite targets using EMwhich could provide a major breakthrough" says Mark Kolebaba, Presidentand CEO of Diamonds North. This data is believed to penetrate through conductive overburden whichcovers most of the Amaruk Property. A small test survey completed in2010 yielded several sizable priority targets, many of which exhibit anassociation with kimberlite indicator minerals (See news release March24, 2011). The Company believes that EM data is extremely important foridentifying kimberlite targets in Canada and has played a lead role indiscovering economic kimberlites at the Ekati Diamond Mine, DiavikDiamond Mine as well as high value kimberlites at the Gahcho KueDiamond Project. In addition to diamond exploration the Company is positioned withseveral gold projects including the Esker Property. To view a videopresentation of the Esker Gold Property, visit our websitewww.diamondsnorth.com.
News Release - Thursday, July 14, 2011
Nickel Exploration Program Begins On Diamonds North's AmarukProperty
VANCOUVER, July 14, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)reports that Minerals and Metals Group (MMG) has informed the Companythat the 2011 airborne electro-magnetic survey targeting nickel hasbeen initiated on parts of the Amaruk - Tunerq property in Nunavut.The survey will focus on areas with known mafic-ultramafic bodies andnickel - copper geochemical anomalies in till (See news releaseFebruary 3, 2011). An approximate 6,000 line kilometre Geotem Survey operated by Fugrowill be flown over several high-priority areas including the Tunerqprospect. At Tunerq, a drill hole intersected 2.49% nickel over 9metres within a 35 metre wide zone assaying 1% nickel (see news releaseMay 22, 2008). "The property is host to more than 50 mafic-ultramafic bodies and largeareas with anomalous nickel and copper in till samples. The objectiveof the survey is to prioritize these areas and identify conductors thatcould represent significant targets" says Mark Kolebaba, President andCEO of Diamonds North. This survey is part of the 2011 budget announced February 3, 2011 andis solely funded by MMG. A formal joint venture agreement has beenfinalized which was based upon the terms defined in a letter agreementsigned by Diamonds North and MMG in March 2010 (See news release March9, 2010). MMG may earn a 75% interest in nickel and other base metalson the Amaruk property, by completing a pre-feasibility study on anybase metal deposit that might be identified. Bruce Kienlen (P. Geol) and Graham Gill (P. Geo) will review the basemetal data from this project for Diamonds North.
News Releases 2011 - Wednesday, July 06, 2011Diamonds North Closes Financing
VANCOUVER, July 6, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)reports that the non-brokered private placement announced on June 22,2011 has closed for gross proceeds of $750,000. The Company has issued4,687,500 flow-through common shares and paid fees of $32,500 inconnection with the financing. The securities issued hereunder aresubject to a four month hold period and may not be traded untilNovember 5, 2011. The recently announced Esker Gold Property (see June 3, 2011 newsrelease) which covers several kilometres of gold bearing stratigraphywill be a priority for exploration in 2011. Multiple drill holesintercepted gold mineralization as high as 8.2 g/T gold over 13 metres,including 17.7 g/T gold over 5.7 metres; and, 2.4 g/T gold over 71metres which includes several high grade zones. For a videopresentation on this project visit our website www.diamondsnorth.com. Another priority for 2011 will be the evaluation of a new generation ofkimberlite targets. It was previously reported that Diamonds North hadidentified several new kimberlite targets on the Amaruk property usingElectro-magnetic (EM) airborne data (see March 24, 2011 news release).Diamonds North has adopted the use of this innovative electromagnetic(EM) geophysical method that is interpreted to penetrate the conductiveoverburden cover in the region. This targeting has led to theidentification of sizable kimberlite targets (greater than 400 metresin diameter) with kimberlite indicator mineral support.
Re: News Release 2011 - Wednesday, June 22, 2011Diamonds North Announces Flow-Through Financing
Not for dissemination in the United States or through U.S. newswiresVANCOUVER, June 22, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)announces a non-brokered private placement to raise up to $750,000through the sale of flow-through shares at a price of $0.16 per share,subject to TSX Venture Exchange approval. Finders' fees of 5% may be payable on a portion of the placement. Theproceeds from the private placement will be used to finance work on theCompany's exploration projects in Northern Canada. The recently announced Esker Gold Property (see news release 11-10,June 3, 2011) which covers several kilometres of gold bearingstratigraphy will be a priority for exploration in 2011. Multipledrill holes intercepted gold mineralization as high as 8.2 g/T goldover 13 metres, including 17.7 g/T gold over 5.7 metres; and, 2.4 g/Tgold over 71 metres which includes several high grade zones. For avideo presentation on this project visit our websitewww.diamondsnorth.com. Another priority for 2011 will be the evaluation of a new generation ofkimberlite targets. It was previously reported that Diamonds North hadidentified several new kimberlite targets on the Amaruk property usingElectro-magnetic (EM) airborne data (see news release 11-05, March 24,2011). Diamonds North has adopted the use of this innovativeelectromagnetic (EM) geophysical method that is interpreted topenetrate the conductive overburden cover in the region. This targetinghas led to the identification of sizable kimberlite targets (greaterthan 400 metres in diameter) with kimberlite indicator mineral support. About Diamonds NorthDiamonds North Resources Ltd. is rapidly evolving and committed tobuilding long-term value for shareholders through ongoing discoveriesand leveraging business opportunities from our vast land holding. On behalf of Diamonds North Resources Ltd. Mark KolebabaPresident & CEO
News Release - Friday, June 17, 2011 Diamonds North Closes Financing
VANCOUVER, June 17, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)reports that the non-brokered private placement announced on June 10,2011 has closed for gross proceeds of $500,000. The Company has issued3,125,000 flow-through common shares and paid fees of $25,000 inconnection with the financing. The securities issued hereunder aresubject to a four month hold period and may not be traded until October15, 2011. The recently announced Esker Gold Property (see news release 11-10,June 3, 2011) which covers several kilometres of gold bearingstratigraphy will be a priority for exploration in 2011. Multipledrill holes intercepted gold mineralization as high as 8.2 g/T goldover 13 metres, including 17.7 g/T gold over 5.7 metres; and, 2.4 g/Tgold over 71 metres which includes several high grade zones. For avideo presentation on this project visit our websitewww.diamondsnorth.com. Another priority for 2011 will be the evaluation of a new generation ofkimberlite targets. It was previously reported that Diamonds North hadidentified several new kimberlite targets on the Amaruk property usingElectro-magnetic (EM) airborne data (see news release 11-05, March 24,2011). Diamonds North has adopted the use of this innovativeelectromagnetic (EM) geophysical method that is interpreted topenetrate the conductive overburden cover in the region. This targetinghas led to the identification of sizable kimberlite targets (greaterthan 400 metres in diameter) with kimberlite indicator mineral support. About Diamonds NorthDiamonds North Resources Ltd. is rapidly evolving and committed tobuilding long-term value for shareholders through ongoing discoveriesand leveraging business opportunities from our vast land holding. On behalf of Diamonds North Resources Ltd. Mark KolebabaPresident & CEO For additional information please contact: Troy Shultz Corporate Communications Diamonds North Resources Ltd. Telephone: (604) 689-2010 Facsimile: (604) 484-7143 Email: info@diamondsnorth.com Website: www.diamondsnorth.com
I have kept an eye on this Co for a while.
I like the Company.
Glad to see you gem! Kind of a lonely board for such a great company!
Diamonds North has discovered dozens of Kimberlite pipes which are volcanic extrusions that carry diamonds from deep in the earth up to the surface. So far they are all producing diamonds.
Kimber was the geologist for DeBeers that discovered the rare formations.
The search for diamonds keeps stumbling upon more and more gold.
Nunavet is pretty remote but other companies are flocking there so new supply lines are added every day.
It is an exciting time for a young company!
b4
News Release - Friday, June 10, 2011 Diamonds North Announces Flow-Through Financing
VANCOUVER, June 10, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)announces that it has arranged a non-brokered private placement withCGE Resources Limited Partnership Québec 2011 to raise $500,000 throughthe sale of flow-through shares. The flow-through shares will be issuedat a price of $0.16 per share. A 5% due diligence fee will be paid toCGE Resources Limited Partnership Québec 2011 in conjunction with theplacement. The proceeds from the private placement will be used tofinance exploration work on the Company's gold and diamond projects inCanada. This transaction is subject to regulatory approval. The recently announced Esker Gold Property (see news release 11-10,June 3, 2011) which covers several kilometres of gold bearingstratigraphy will be a priority for exploration in 2011. Multipledrill holes intercepted gold mineralization as high as 8.2 g/T goldover 13 metres, including 17.7 g/T gold over 5.7 metres; and, 2.4 g/Tgold over 71 metres which includes several high grade zones. For avideo presentation on this project visit our websitewww.diamondsnorth.com. Another priority for 2011 will be the evaluation of a new generation ofkimberlite targets. It was previously reported that Diamonds North hadidentified several new kimberlite targets on the Amaruk property usingElectro-magnetic (EM) airborne data (see news release 11-05, March 24,2011). Diamonds North has adopted the use of this innovativeelectromagnetic (EM) geophysical method that is interpreted topenetrate the conductive overburden cover in the region. This targetinghas led to the identification of sizable kimberlite targets (greaterthan 400 metres in diameter) with kimberlite indicator mineral support. About Diamonds NorthDiamonds North Resources Ltd. is rapidly evolving and committed tobuilding long-term value for shareholders through ongoing discoveriesand leveraging business opportunities from our vast land holding. On behalf of Diamonds North Resources Ltd. Mark KolebabaPresident & CEO For additional information please contact: Troy Shultz Corporate Communications Diamonds North Resources Ltd. Telephone: (604) 689-2010 Facsimile: (604) 484-7143 Email: info@diamondsnorth.com Website: www.diamondsnorth.com
News Release - Friday, June 03, 2011Diamonds North Acquires Property with High Gold Grades in Multiple Drill Holes
VANCOUVER, June 3, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)has acquired 100% interest in the Esker gold property in Nunavut. TheEsker claim covers several kilometres of gold bearing stratigraphy. Drill intercepts of gold mineralization are as high as 8.2 g/T goldover 13 metres, including 17.7 g/T gold over 5.7 metres; and, 2.4 g/Tgold over 71 metres which includes several high grade zones (see tablebelow). For a video presentation on this project visit our websitewww.diamondsnorth.com "This low cost staking puts us into a project with wide zones of highgrade gold mineralization and significant tonnage potential. As only asmall portion of the zone has been tested, our objective is to drillalong strike of the known mineralization along the host gabbro units toexpand the gold-bearing mineralized zone" says Mark Kolebaba Presidentand CEO of Diamonds North. Historical drilling on the property identified gold mineralized veinswith good grade and width characteristics. The veins are hosted bylinear gabbro units, and surrounded by volcanic and sedimentary rocks. Geology, structural observation and drill results suggest potential forcontinuity and significant tonnage over more than 5 kilometres offolded gabbro units within an area of 1300 x 600 metres.
News Release - Thursday, June 02, 2011Diamonds North Stakes Claims with 11.2 g/T Gold over 3 Metres======================================================================= VANCOUVER, June 2, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)announces staking of the Yandle and River gold properties in SouthernNunavut. The Yandle claims cover several prospects one of which yielded11.2 g/T gold over 3 metres in a historical drill hole. Within theRiver claim block several prospects have also been reported including agrab sample that yielded 84.0 g/T gold. "The Yandle and River properties appear to be inadequately tested. Thehigh grade gold mineralization with favourable strike and widthcharacteristics suggest these properties have tonnage potentialproviding us with an opportunity to make a significant discovery" saysMark Kolebaba President and CEO of Diamonds North. Yandle PropertyIn addition to the showing where 11.2 g/T gold over 3 metres wasintercepted there are at least 4 other mineralized zones reported atYandle. Numerous grab samples from these showings returned assays above1.0 g/T gold with assays as high as 55.41 g/T gold. Gold mineralizationon the Yandle property is associated with quartz-pyrite veins hostedwithin gabbro formations. River PropertyAt the River Property gold occurs in iron formation and sedimentaryrocks. Grab samples from three showings on the property have yieldednumerous rock samples greater than 1.0 g/T gold and as high as 84.0 g/Tgold. There are no reports of drilling at the River Property. Diamonds North will immediately focus on the zones of high grade goldmineralization to delineate drill targets for future testing. Thisacquisition is a part of the Company's strategy to identify significantgold opportunities. The Yandle and River prospects are both within the Kaminak GreenstoneBelt, 15 kilometres apart and located near the Henik Lake air strip.The staked claims are subject to approval by the Nunavut MiningRecorder Office. The historical work is from assessment reports and has not beenverified by the Company, however, it appears to have been completedunder standard best practices consistent with the time and appears tobe of reasonable quality. Bruce Kienlen (P. Geol) and Graham Gill (P.Geo) are Diamonds North's qualified persons reviewing this project. About Diamonds NorthDiamonds North Resources is rapidly evolving and committed to buildinglong-term value for shareholders through ongoing discoveries andleveraging business opportunities from our vast land holding. Diamonds North will be Exhibiting (Booth # 505) at the World ResourcesInvestment Conference June 5-6th 2011 held at the Vancouver ConventionCentre East. For more information and to pre-register go towww.cambridgehouse.com On behalf of Diamonds North Resources Ltd. Mark KolebabaPresident & CEO
Re: News Release 2011 - Wednesday, May 18, 2011
Diamonds North Acquires Permits with Grab Samples as High as 43.9g/T Gold======================================================================= VANCOUVER, May 18, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)announces the acquisition of exploration permits over gold showingswhere grab samples as high as 43.9 g/T gold were reported. Theacquisition and evaluation of the Fox Property in Southern Nunavut ispart of the Company's strategy to identify significant goldopportunities. The Fox property is comprised of four permits covering an estimated 45kilometre strike length of prospective volcanic and sedimentary rocksincluding iron formation. This geological package is reported to beintersected by the Pyke Fault which is believed to controlmineralization at the Meliadine Gold deposit (resource of more than 5million oz gold *). Several known gold prospects have been reported on the permit block.The Fox prospect comprises 2 distinct sub-parallel iron formationoccurrences that have yielded grab samples assaying in the 1 to 43.9g/T gold range over 2.2 kilometres. The Am prospect which is located 12kilometers north of the Fox prospect comprises a gold bearing ironformation with numerous gold values ranging from 1 to 9.8 g/T gold. "The project covers 45 kilometres of under-explored gold prospectivegeology with proven high grade assays. A new low cost explorationapproach could lead to significant new discoveries" says Mark KolebabaPresident and CEO of Diamonds North. The gold values reported were extracted from assessment reports andhave not been verified by the Company, however, the work appears tohave been completed under standard best practices consistent with thetime and appears to be of reasonable quality. Bruce Kienlen (P. Geol)and Graham Gill (P. Geo) are Diamonds North's qualified persons, asdefined by National instrument 43-101, reviewing this project.
News Release 2011 - Thursday, May 05, 2011
Diamonds North Acquires Gold Properties with Historic Gold Valuesup to709.7g/t
VANCOUVER, May 5, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)announces the acquisition of several gold properties in SouthernNunavut through permitting and claim staking. The projects coverhistoric high grade gold occurrences that the Company believes areunder-explored. Over the next few weeks, the Company intends onproviding a brief description of the more significant properties alongwith preliminary 2011 plans. The property descriptions will beinitiated with the KL Property where assays are as high as 709.7 g/Tgold. The KL Gold Property covers at least six historic gold occurrences iniron formation and quartz veins that were identified as a result ofgeophysical targeting in the late 1980s. The most impressive showing isthe VG showing, where a total of 69 rock samples of quartz veinadjacent to an iron formation horizon yielded 39 samples with more than100 ppb of which 12 samples returned values between 1.39 to 23 g/Tgold. An additional 7 samples returned values between 33.8 to 709.7 g/T(20.7 opt) gold. Historic drill testing has only intersectedrelatively thin gold bearing zones. "There are some extremely high grade gold values on this under-exploredproperty and we think a fresh systematic approach to exploration mayprovide a great opportunity for Diamonds North. We will look beyondgeophysics and focus on the most prospective geological units" saysMark Kolebaba President and CEO of Diamonds North. Review of historic data suggests that the KL property is under-exploredand targeting was strongly biased by geophysical interpretation. Sincea high proportion of gold deposits have little to no magnetic orelectromagnetic expression another approach may be required tothoroughly evaluate the property. In 2011, Diamonds North plans toverify selected occurrences and focus on geological prospecting ratherthan targeting with geophysical data. The historical work has not been verified by the Company, however, itappears to have been completed under standard best practices consistentwith the time and appears to be of reasonable quality. Bruce Kienlen(P. Geol) and Graham Gill (P. Geo) are Diamonds North's qualifiedpersons as defined by National Instrument 43-101, reviewing thisproject.
A little dilution. That explains the pullback along with the DOW dumping 200 points and S&P cutting US credit rating!
Re: News Release 2011 - Monday, April 18, 2011Diamonds North Files Annual Report and Grants Incentive Optiions
Diamonds North Resources Ltd. (TSX-V: DDN) files 2010 Annual Report and Letter to Shareholders, please visit our website atwww.diamondsnorth.com to view. Diamonds North Resources Ltd. (TSX-V: DDN) announces the grant of1,545,000 incentive stock options, under the Company's stock optionplan, to certain directors, officers, consultants and employees of theCompany, exercisable at a price of $0.155 per share for a period offive years from the date of grant.
DDNFF deserves a lot more attention. Someday I will sit down and re-cap all I know about this great company. Diamond companies have been pretty beaten down the last few years but are coming back. The "blood diamond" controversy and DeBeers playing the market made it a hard market to play. That is ending and Diamonds North is ready!
b4
Im very suprised DDNFF is not getting more exposure.
Besides uses in the Jewelry industry the Industrial
use of lower grade diamonds is tremendous.
The Kimberlite pipes are big news and Diamonds North keeps finding new gold too. I wish they would start mining.
b4
Gold & Diamonds will always retain value,whats the potential here I dont see any news sources at first glance and would like to do some DD on this company,Thank's
Always a pleasure gem! Been lonely around here.
b4
Thought Id pay a visit,seems the wholesale PPC is up.
Re: News Releases 2011 - Wednesday, February 23, 2011
Diamonds North Significantly Expands Gold Target on Amaruk
VANCOUVER, February 23, 2011 - Diamonds North Resources Ltd. (TSX-V:DDN) Diamonds North Resources Ltd. reports gold mineralization as highas 2.56 g/T gold at the Garnet Gold Showing (formally referred to asPB2). The Garnet Gold Showing is a portion of a much largerprospective region referred to as the West Formation on the Amarukproperty in Nunavut. The Garnet Gold Showing was initially recognized after assays from areverse circulation drill hole targeting kimberlite returned up to 1.42g/T Au over 1.5 metres and 0.56 g/T Au over 4.6 metres (See NewsRelease 09-16, October 29, 2009). Follow-up prospecting and thecollection of 53 grab samples revealed a sub-crop with sulfide bearingiron formation intermittently exposed for more than 2 kilometres. Grabsamples of this unit reported up to 2.56 g/T gold. Other samples alongthe iron formation returned significant gold values of 1.42 g/T gold,773 ppb, 346 ppb, 218 ppb, 180 ppb, and 112 ppb gold. A likely strike extension of the Garnet Gold Showing outcrops 4kilometres to the east from which grab samples yielded up to 1.40 g/Tgold. This extension is exposed for more than 1.5 kilometres within afolded stratigraphic unit that can be traced for tens of kilometresutilizing airborne magnetic data. To view a map of the West Formationand the Garnet Gold showing visitwww.diamondsnorth.com/s/AmarukGold.asp The Garnet Gold Showing and its extension are located along thesouthern part of a metasedimentary rock package that extends forapproximately 45 kilometres and is as wide as 20 kilometres along thewestern side of the Amaruk property. This sedimentary package hostsnumerous local bedrock gold occurrences and un-sourced gold-grains intill anomalies. "The West Formation is another very large under-explored regionprospective for gold within the Amaruk property. Several areas remainto be drill tested including those with multi-gram gold occurrences andthe largest gold-grains in till anomalies" says Mark Kolebaba Presidentand CEO of Diamonds North. Of particular exploration interest is the north central core of thesedimentary rock package where the largest gold-grains in tillanomalies have been identified on the property. A discreteconcentration of samples with high gold grain counts covers a 100square kilometre area. The high proportion of angular gold grains inthese samples suggest close proximity to bedrock source. Bruce Kienlen (P. Geol) and Graham Gill (P. Geo) are Diamonds North'squalified persons as defined by National Instrument 43-101, reviewingthis project. They are responsible for the design and conduct of theexploration programs and the verification and quality assurance ofanalytical results. All assay results are provided by ALS Chemex. About Diamonds NorthDiamonds North Resources is rapidly evolving and committed to buildinglong-term value for shareholders through ongoing discoveries andleveraging business opportunities from our vast land holding. On behalf of Diamonds North Resources Ltd. Mark KolebabaPresident & CEO
News Release - Thursday, February 03, 2011 Diamonds North and MMG Defining Targets - Confirm Budget forNickel Project======================================================================= VANCOUVER, February 3, 2011 - Diamonds North Resources Ltd. (TSX-V:DDN) and Minerals and Metals Group ("MMG") announce the identificationof 22 target areas for nickel mineralization and the continuation ofthe MMG funded nickel exploration program on the Amaruk property inNunavut with an approved budget of $1.65 million for 2011. The 2011 exploration program will commence with a geophysical surveyutilizing the airborne electromagnetic AeroTEM system (EM). Areas withmafic-ultramafic intrusions and/or anomalous nickel and copper in tillwill be targeted with the AeroTEM survey. Targets identified byprospecting during the 2010 field program, and any new targetsidentified in 2011 programs will be followed-up and, if warranted,drill tested. A core drill is situated on the property for future drilltesting. "Amaruk is a new district scale nickel prospect and MMG's investment inthe project allows for the continued advancement towards our objectiveof drilling at no cost to our shareholders" says Mark Kolebaba,President and CEO of Diamonds North. In 2010, MMG funded a $2.25 million exploration program that led to theidentification of an additional 26 mafic-ultramafic intrusions (for atotal of 50) in the project area. These represent priority targets fornickel sulfide mineralization. In addition, MMG analyzed over 3800geochemical till samples across the property resulting in theidentification of several new areas that require follow-up exploration. MMG, the project operator, is currently earning a 75% interest innickel and other base metals on the Amaruk property, by spendingC$6,000,000 and completing a pre-feasibility study on any base metaldeposit that might be identified. These terms were defined in a letteragreement signed by the Company and MMG in March 2010 (See News Release10-04, March 9, 2010).
News Release - Tuesday, January 18, 2011Diamonds North Identifies 10 Priority Gold Targets on the HI-2Prospect======================================================================= VANCOUVER, January 18, 2011 - Diamonds North Resources Ltd. (TSX-V:DDN) announces that priority gold targets have been identified on theHI-2 gold prospect on the 100% owned Halket Inlet project located inNunavut. Samples collected along a 55 kilometre long iron formation reveal atleast 6 areas with multiple gold values over 0.5 g/T gold includingvalues up to 3.24 g/T gold. These areas all occur at or near theintersection of regional structures and lineaments and will be a mainfocus of further work proposed for 2011. Additionally, 4 other areaswith anomalous gold values have been identified and require follow-upprospecting. "The HI-2 prospect is part of what we believe to be a new emerging golddistrict. Gold mineralization occurs along a sedimentary unit thatexceeds 55 kilometres in strike length and we are looking forward tofocusing on those areas with high gold values in 2011" says MarkKolebaba, President and CEO of Diamonds North. The gold bearing iron formation occurs in a tightly folded sedimentaryrock unit that extends for more than 55 kilometres in strike length. The sedimentary unit has a highly magnetic signature that is 500-1000metres wide based on airborne geophysical surveying. Gossanous zonescontained within the unit vary from 1 to 20 metres in width. Increasedwidths and occurrences of the gossanous zones are attributed to tightfolding, faulting and the existence of multiple sedimentary horizons. Detailed structural analysis at HI-2 is currently underway. Plans for2011 include additional prospecting, sampling and mapping along withground geophysical surveying. Regional prospecting of additionalgossanous areas located in the surrounding area is also planned. The HI-2 prospect is located only 5 kilometres from the coast and 25kilometres from the HI-1 prospect (see News Release NR10-19, November4, 2010). Bruce Kienlen (P. Geol) and Graham Gill (P. Geo) are Diamonds North'squalified persons as defined by National Instrument 43-101, reviewingthis project. They are responsible for the design and conduct of theexploration programs and the verification and quality assurance ofanalytical results. All assay results are provided by ALS Chemex. About Diamonds NorthDiamonds North Resources is rapidly evolving and committed to buildinglong-term value for shareholders through ongoing discoveries andleveraging business opportunities from our vast land holding. For an update on our projects please visit our booths at the 2011Vancouver Resource Investment Conference & the 2011 Mineral ExplorationRoundup. On behalf of Diamonds North Resources Ltd. Mark KolebabaPresident & CEO For additional information please contact: Troy Shultz Manager, Corporate Communications Diamonds North Resources Ltd. Telephone: (604) 689-2010 Facsimile: (604) 484-7143 Email: info@diamondsnorth.com Website: www.diamondsnorth.com
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Diamonds North has a new name Adamera Minerals. So far the symbol has remained the same
Diamonds:Amaruk remains one of Canada's top opportunities for a significant diamond discovery. To date, a total of 25 kimberlites have been discovered of which 90% are diamondiferous.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2009) - Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces the opening of camp on its 100% owned Amaruk property in the Pelly Bay Diamond District of Nunavut. Exploration crews have arrived and kimberlite target selection for drilling has begun. More subtle magnetic features will be targeted.
The Company plans to drill up to 30 kimberlite targets and collect up to a 10 tonne sample from the Beluga-3 kimberlite. The Beluga-3 discovery sample returned several larger diamonds and exhibits a very subtle magnetic signature. To date, 24 kimberlites have been discovered on Amaruk of which 90% contain diamonds and mineral chemistry across the property suggests economic diamond potential.
In conjunction with the diamond exploration program, the Company plans to prospect some of its gold occurrences on the property this summer, with the goal of developing drill targets to be tested later in the season.
GOLD PROSPECT
Plans have been finalized to explore around the 5.8 g/T gold occurrence previously announced (see news release NR09-07, May 11th, 2009). Crews will complete detailed mapping and prospecting around and along the 3-5 m wide mineralized zone that is exposed for approximately 50 metres. Prospecting will also be carried out along the 42 kilometre structure and around what appears to be a late felsic intrusion, which maybe controlling features of a gold zone. A geophysical survey over the area identifies seven similar target areas warranting prospecting.
NEW GOLD ANOMALIES
Based on extensive gold grains recovered from till samples on the Amaruk property, 17 new and separate gold anomalies have been identified. The majority of the anomalies are defined by multiple samples containing 25 to 250 gold grains per 15 kilograms of till sampled. Surface textures on the recovered grains suggest minimal transport, estimated by the Company to be in the range of 500 to 1000 metres from source in most cases. In addition, high gold grain counts occur up-ice of structural lineaments and in some cases appear to be associated with specific lithologies. It is significant to note that the high concentrations of gold in till spans an approximate area measuring 30 x 100 kilometres.
"As an explorer our mandate is to generate shareholder value through the discovery of mineral deposits. Given the abundance of gold in the till in such a large area, we believe Amaruk is potentially a new gold camp and we will dedicate resources to explore this," says Mark Kolebaba, President & CEO of Diamonds North.
Diamonds North will continue to aggressively advance the diamond potential of the Pelly Bay Diamond District. The addition of the numerous gold prospects and the Tunerq Nickel discovery identified earlier on the Amaruk property demonstrates the multi-commodity potential of the north. The Company is committed to capturing commodity value for its shareholders from its large land portfolio.
Bruce Kienlen (P.Geol) and Graham Gill (P.Geo) are Diamonds North's qualified persons reviewing this project. They will be responsible for the design and conduct of future exploration programs and the verification and quality assurance of analytical results.
About Diamonds North
Diamonds North Resources 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 THE BOARD OF DIRECTORS
Mark Kolebaba, President & CEO
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