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DDN UP 41.38%...a gain of .06 to close at .205 on a volume of 1,174,241 shares.
DDN benefitted (as did all diamond stocks) to news last week from Peregrin Diamonds.
Although the increase in DDN sp may be just temporary, I'm still enjoying it as a shareholder. :)
Its worth noting that DDN will have its own diamond news out before the end of this year as well as some preliminary nickel and gold news from its 100% owned Amaruk property.
Diamonds North Closes Non-Brokered Flow-Through Private Placement
VANCOUVER, August 4th, 2009 - Diamonds North Resources Ltd. (TSX-V: DDN) (the "Company") announces it has closed the non-brokered flow-through private placement financing announced July 17, 2009. A total of $462,080 was raised through the issuance of 2,888,000 flow-through common shares. Finders fees were paid consisting of $3,800 in cash.
All securities issued are subject to a hold period which expires on December 5, 2009.
The funds raised will be used for the Company's exploration programs.
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 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
President's Message
Our 2009 exploration programs are underway and I wanted to take this opportunity to touch base with our shareholders. The Diamonds North team continues to pro-actively and diligently work in unprecedented markets to position the Company to capitalize on numerous opportunities.
Amaruk remains one of Canada's top opportunities for a significant diamond discovery. Mineral chemistry across the property suggests high diamond potential; microdiamond data shows an anomalously high amount of carbon in the system and the property is host to kimberlites with size potential.
The Company is now focusing on collecting a 5 tonne sample from Beluga-3 and testing more subtle magnetic targets to find kimberlites with high macrodiamond content.
Part of our ongoing strategy has also been to assess our extensive diamond property portfolio for other commodity potential. Our ability to identify commodities with large scale potential is proven. The Company has identified and captured uranium and nickel potential for our shareholders and is currently advancing gold and copper-silver opportunities.
Canada's under-explored north provides our shareholders with a unique opportunity. We believe we are at the start of a new metals cycle. This is an opportune time to maximize value for these new opportunities while maintaining our core diamond focus.
Please do not hesitate to contact either me or Nancy Curry our VP of Corporate Communications, if you have any questions or require more information on our 2009 exploration programs.
On behalf of the Board of Directors and the Diamonds North team I would like to thank you for your support. We remain committed and determined to capturing value for you and now have numerous opportunities to do so.
Yours truly,
DIAMONDS NORTH RESOURCES LTD.
Mark Kolebaba
President & CEO
==============================================
Copyright (c) 2009 DIAMONDS NORTH RESOURCES LTD. (DDN) All rights reserved. For more information visit our website at http://www.diamondsnorth.com/ or send mailto:info@diamondsnorth.com
Diamonds North Begin Diamond And Gold Programs on Amaruk
Vancouver, July 14th, 2009-- Diamonds North Resources Ltd. ("DDN"-- TSX Venture) 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, May11th, 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
For further information, please contact:
Corporate Communications: Nancy Curry
Diamonds North Resources Ltd.
Telephone: (604) 689-2010
Facsimile: (604) 484-7143
Website: www.diamondsnorth.com
Email: info@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.
DDN UP .02 closing at .23 on a volume of 293,800 shares.
This was a sp increase of 9.52%.
Diamonds North Reveals High Copper And Silver Values On Hepburn
VANCOUVER, May 21st, 2009 - Diamonds North Resources Ltd. (TSX-V: DDN) announces high copper-silver mineralization from drill core and trench samples on its 100% owned Hepburn property in the Northwest Territories. Historic drill holes intersected zones with 1 to 4% copper and silver as high as 203 g/T.
Regional exploration by Diamonds North has also identified additional copper-silver mineralization along strike for 1 kilometre and in stratigraphically similar rocks 1.5 kilometres south of the historic drill holes. In addition, 5 separate geophysical magnetic anomalies with copper-silver potential have been identified over a 12.5 kilometre long area, potentially defining a new large scale copper-silver district.
Two historic angle drill holes from a single site drilled beneath Trench 1 intersected 13-15 metres of sulfide mineralization with high grade copper and copper-silver zones as reported in the table below.
Drill hole 2 intersected 4.71 metres of 2.4% copper and 99 g/T silver including a 2.07 metre zone with 4.11% copper and 203.4 g/T (6 opt) silver. Trench 2 sampled similar rocks which yielded 1.5% copper over 2 metres approximately 1 kilometre west of Trench 1. Trench 3 also sampled similar rocks which yielded 2.5% copper approximately 200 metres from Trench 1 (view a series of geophysical and geological maps highlighting the copper silver potential of the Hepburn property at http://www.diamondsnorthresources.com/s/CopperSilver.asp ).
"The copper/silver discovery on Hepburn demonstrates the district scale commodity potential of the north and Diamonds North's commitment to capturing value for shareholders from its large land portfolio. The Company believes we are at the start of a new metals cycle and is positioning itself and its portfolio to capitalize on the opportunity", says Mark Kolebaba, President & CEO of Diamonds North.
From To Drill True Cu Ag
(m) (m) Intercept Width* (%) (g/T)
(m) (m)
DDH 1 7 12.5 5.5 4.3 1.8 78.02
Including 7 11.13 4.13 3.3 2.4 103.91
DDH 1 17 18.69 1.69 1.33 1.5 4.8
DDH 2 7.8 12.51 4.71 3.0 2.4 99.0
Including 9.07 11.14 2.07 1.33 4.11 203.4
DDH 2 12.51 18.23 5.72 3.7 1.1 2.32
Trench 1** Historic N/A 3.0 2.8 159.1
Trench 2 Historic N/A 2.0 1.5 NA
Trench 1*** DDN N/A 3.0 2.9 218.5
Trench 3 DDN N/A 1.0 2.5 11
*True width estimate assumes vertically dipping stratigraphy.
**A 0.25m chip sample by CEGB Exploration assayed 3.2% Cu, 1613.8 g/T Ag and 0.615% U3O8.
***Diamonds North's continuous chip sampling of Trench 1 confirms historic sampling.
Mineralization and Alteration
Two dominant styles of mineralization have been observed on the property: one being a copper only and the other a higher grade, wider copper-silver zone. Copper mineralization exists mainly as chalcopyrite and bornite. Increased copper grades in the copper-silver zones are reported to reflect higher bornite content. Other showings in the area are reported to contain chalcocite and native copper in addition to the chalcopyrite and bornite.
Alteration minerals observed in the host rocks include potassium, hematite, actinolite, magnetite, chlorite, epidote and albite. Brecciation and late stage quartz veining are common. Important pathfinder elements such as cerium, lanthanum and barium are elevated in rock samples collected by Diamonds North.
Geology
The copper--silver mineralization is hosted by sedimentary and volcaniclastic rocks of Proterozoic age in the Wopmay fold belt of the Northwest Territories. A number of copper prospects are known in this area, including the Nico deposit. Suspected folding of this rock package based on airborne magnetic data may increase strike length by 2 to 3 times.
The historic drilling and trench sampling discussed in the table above is limited to a few locations along the northern margin of the magnetic anomaly.
Additional grab samples collected by the Company show copper and silver mineralization is more widespread than originally reported. Metal values from twenty of twenty four grab samples range from 1% to over 30% copper with 3 to 1129 g/T silver. Uranium mineralization is less common and is as high as 0.45% U3O8.
In addition, several copper and copper-silver occurrences have been reported at different stratigraphic levels, further increasing the size potential of the mineralized system.
Airborne geophysical surveying has delineated a discrete 3.5 x 1.5 kilometre highly magnetic anomaly flanked by a linear radiometric anomaly to the south.
The linear airborne radiometric anomaly extending for several kilometres along the south margin of the magnetic anomaly was targeted as a possible location for additional mineralization.
A limited budget and only one day of sampling and prospecting in this area in 2008 led to the discovery of areas with what appears to be visual copper mineralization, anomalous copper in soils and rock grab samples with up to 3.29% copper.
Areas in this vicinity with visual copper mineralization have not yet been sampled and will be part of the 2009 exploration program.
2009 Exploration Objectives
The continuity of mineralization is not yet known. The Company plans to conduct further prospecting to determine the extent and continuity of the mineralized zone prior to initiating a drill program. In addition, further prospecting and follow-up of samples with anomalous copper in similar areas to the north and south of the main block is planned.
All historic information provided here is from assessment reports submitted to the Northwest Territories Mining Recorder by Rhonda Mining Corporation in 1998 and CEGB Exploration Canada in 1985.
Reliability of the historic data cannot be verified by the Company, however, it appears to have been collected using acceptable practices at the time. Samples collected by the Company are consistent with the sample results reported in the past.
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.
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 Diamonds North Resources Ltd.
Mark Kolebaba, President and 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 statement.
DDN UP .03 to close at .195 on a volume of over one million shares.
This is a gain of 18.18% in sp over the previous close.
I like this gold story potential which, along with the nickel potential, adds even more lustre to its main diamond potential at Amaruk.
DDN has already successfully spun off UNR. Dare we hope that, sometime in the future, another spin off or two might occur for the shareholders?
Diamonds North Reveals Gold on Amaruk
==============================================
VANCOUVER, May 11th, 2009 - Diamonds North Resources Ltd. (TSX-V: DDN) announces the identification of gold mineralization on its 100% owned Amaruk property in Nunavut.
A single reconnaissance grab sample collected from a 3 to 5 metre wide oxidized sulfide zone exposed for 50 metres, yielded 5.8 grams per tonne gold. The prospect is located adjacent to a 2 to 3 kilometre diameter granitic intrusion that appears to have been emplaced along a major structure that extends for more than 40 kilometres on Diamonds North's property. The prospect is also less than 5 kilometres from tide water.
"Canada's north is one of the few places where surface prospecting can still result in the discovery of new mineral prospects with district scale potential. On Amaruk alone, we have discovered a new diamond district, the Tunerq nickel prospect and now a new gold prospect" says Mark Kolebaba, President & CEO of Diamonds North.
As a reconnaissance sample, a gold value of 5.8 grams per tonne is significant.
In 2009, the Company plans to verify the sample and attempt to expand the extent of the gold mineralization by prospecting along the structure and the intrusive body. Exploration plans will be in conjunction with other metal opportunities on Amaruk.
Diamonds North will continue to focus on aggressively advancing the diamond potential of the Pelly Bay Diamond District.
The addition of the gold prospect and the Tunerq Nickel prospect discovered earlier on the Amaruk property further demonstrates the Company's ongoing commitment to capturing other potential commodity value for its shareholders.
Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) will be 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.
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.
Diamonds North to Drill Up to 30 Targets and Collect a Mini-Bulk Sample From Beluga 3 on Amaruk
8:00 AM ET, May 6, 2009
VANCOUVER, BRITISH COLUMBIA, May 6, 2009 (Marketwire via COMTEX) -- Diamonds North Resources Ltd. (DDN) announces plans to drill test up to 30 new kimberlite targets and collect a mini-bulk sample from the Beluga 3 kimberlite on its 100% owned Amaruk property in the Pelly Bay Diamond District of Nunavut.
The collection of 5 to 10 tonnes of kimberlite from the Beluga 3 kimberlite is a priority. The 1.07 tonne Beluga 3 sample processed by dense media separation (DMS) yielded a diamond grade of 0.2 carats per tonne. This is highly encouraging considering the sample size is very small and the grade is considerably higher than other kimberlite bodies tested to date on the property (see New Release NR09-05, April 29th, 2009).
In addition to the improved grade, diamond fragments recovered on the 1.18mm screen indicate the presence of larger stones.
As part of the Company's re-focused targeting initiative, the mineral chemistry and geophysical characteristics of known kimberlites from the entire property have been re-evaluated.
The Beluga 3 kimberlite which shows improved diamond grades and potential for larger diamonds has a subtle magnetic signature. The Company will test the possibility that kimberlites with more subtle magnetic signatures may potentially carry higher diamond concentrations.
A diamond stability field more than 25 kilometre thick has been estimated below Amaruk. This is based on a calculated minimum pressure and estimated temperature of pyrope garnet grains recovered from till samples across the property. This compares favourably with the diamond stability field beneath the Lac de Gras kimberlite field and reconfirms the potential for Amaruk.
"After completing this intensive data review for Amaruk, we continue to recognize similarities to the Ekati Diamond Mine. We know a diamond enriched mantle exists under the project area, and we remain confident that our targeting has the ability to lead us to kimberlites that have sampled the mantle more effectively and carry large diamonds," says Mark Kolebaba, President & CEO of Diamonds North.
On Amaruk, the Company continues to refine how targets are defined. To date, hundreds of anomalies have been identified. In 2009, the focus will be on testing anomalies with subtle magnetic signatures and on those with till samples containing mineral chemistry suggesting significant sampling of the diamond stability field.
This is a significant drill program for which the Company is completely financed. Nearly all equipment is on site including drilling equipment, fuel and camp allowing for an inexpensive startup. The program is expected to commence in June.
Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing this project. They are responsible for the design and conduct of 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
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.
SOURCE: Diamonds North Resources Ltd.
Diamonds North Resources Ltd.
Nancy Curry
VP Corporate Communications
(604) 689-2010
(604) 484-7143 (FAX)
info@diamondsnorth.com
www.diamondsnorth.com
Diamonds North Resources Ltd.: Amaruk Shows Improvement With Beluga 3 Kimberlite
8:00 AM ET, April 29, 2009
VANCOUVER, BRITISH COLUMBIA, Apr 29, 2009 (Marketwire via COMTEX) --
Diamonds North Resources Ltd. (DDN) announces diamond results for 7 new kimberlites discovered on its 100% owned Amaruk property in the Pelly Bay Diamond District of Nunavut.
The 7 kimberlites discovered in 2008 were processed for macrodiamonds using dense media separation (DMS) with a 0.50mm screen size cut-off. As a result, diamonds of less than 0.50mm were not recovered. The diamond results for the 7 kimberlites are shown in Table 1 below.
It is noteworthy that these samples of approximately 1 tonne each are large enough to sample the microdiamond population, they are relatively small for grade prediction, and any reference to grade is an approximation of each sample not the kimberlite body. The Company uses this information as a tool for prioritizing diamondiferous kimberlite discoveries for further exploration.
Of significance are the results of Beluga 3 sample which returned a grade of 0.2 carats/tonne and which shows the presence of coarse diamonds. Two stones on the 1.18mm and 2 stones on the 0.85mm screens classified as fragments that are less than 40% of their original size suggesting that this kimberlite contains large stones.
The Beluga 3 kimberlite also exhibits a very subtle magnetic signature which is distinctly different than the signatures of the other kimberlites found to date on the Amaruk property.
The subtle nature of the geophysical signature opens up the possibility of new discoveries in the project area which will demand much more detailed magnetic data collection particularly in areas of unexplained kimberlite indicator mineral trains. This detailed data collection will be an important part of the 2009 exploration campaign.
"The Beluga results are very encouraging. Each year of exploration at Amaruk the Company has been successful in increasing the stone size distribution and now we are seeing the grade improve.
The Beluga kimberlite, which shows higher grade, is a very subtle geophysical target. The 2009 strategy will be to focus on more subtle geophysical targets in areas with good geochemistry," says Mark Kolebaba, President and CEO of Diamonds North.
Table 1: Diamond Results by Dense Media Separation of Individual Kimberlites
-----------------------------------------------------------
           Drill
  hole  Weight  0.500   0.600   0.850   1.180
Kimberlite   Dip     (kg)  TOTAL   mm   mm   mm   mm  (i) ct/tonne
-----------------------------------------------------------
Beluga 3Â Â -90Â Â 1074Â Â 32Â Â 1Â Â 21Â Â 8Â Â 2Â Â 0.201
-----------------------------------------------------------
CB-27Â Â -90Â Â 1074Â Â 12Â Â 1Â Â 7Â Â 2Â Â 2Â Â 0.093
-----------------------------------------------------------
Qavvik-7Â Â Â Â Â -65Â Â 1139.5Â Â Â Â Â Â 11Â Â Â Â Â 7Â Â Â Â Â Â 3Â Â Â Â Â Â 0Â Â Â Â Â Â 1Â Â Â Â Â Â 0.056
-----------------------------------------------------------
Qavvik-8Â Â -75Â Â 1149.5Â Â 5Â Â 0Â Â 3Â Â 2Â Â 0Â Â 0.034
-----------------------------------------------------------
Tuktu-10Â Â -75Â Â 1201.9Â Â 0Â Â 0Â Â 0Â Â 0Â Â 0Â Â N/A
-----------------------------------------------------------
Qavvik-10Â Â -90Â Â 879Â Â 0Â Â 0Â Â 0Â Â 0Â Â 0Â Â N/A
-----------------------------------------------------------
Qavvik-9Â Â -90Â Â Â 968.5Â Â 0Â Â 0Â Â 0Â Â 0Â Â 0Â Â N/A
-----------------------------------------------------------
The Qavvik 7 kimberlite sample was collected using conventional diamonddrilling while the remaining kimberlite samples were collected using reversecirculation drilling.
(i) Grades are only approximate as they are derived from small samples andare not to be relied upon except as a tool to prioritize discoveries.
Â
As part of an ongoing initiative to develop more effective exploration procedures, Diamonds North is now using DMS as an initial diamond recovery method instead of caustic fusion on its drill cuttings at Amaruk.
Amaruk is a proven diamondiferous kimberlite field where numerous discovered kimberlites have contained very high microdiamond counts. This process is over 95% less expensive than caustic fusion and it enables the company to focus in on the kimberlites with larger stone potential more effectively, with the understanding that the liberation of stones above the 0.50mm screen may not be 100% complete and stones below this size will not be recovered.
The CB-27 kimberlite produced a grade of nearly 0.1 carats/tonne, shows coarse stone size distribution and also returned a fragmented stone on the 1.18mm screen which is estimated to be less than 40% of its original size.
Qavvik-7 and Qavvik-8 returned
diamonds above the 0.50mm mesh and while the remaining three kimberlites returned no stones above the 0.50mm screen, they cannot be deemed barren at this point.
The drill core and chips were logged in secure facilities at the Amaruk field camp by geoscientists. Samples were sealed with security tags and shipped to either SGS Lakefield Laboratory or Saskatchewan Research Council Laboratory (SRC) for processing.
Only the Qavvik-7 kimberlite sample was processed by DMS by SGS Lakefield and the concentrate sent to SRC for grease table sorting and diamond picking.
All other kimberlite samples were sent directly to SRC for complete DMS processing, sorting and picking. The sample material was sorted, weighed and crushed prior to processing where necessary.
A diamond concentrate was produced using a 1 tonne per hour Bateman Dense Media Separation plant with a 0.50mm screen size cut-off at SGS Lakefield while the SRC utilized a 5 tonne per hour DRA Dense Media Separation plant with a 0.50mm screen size cut-off.
A very small amount of unprocessed kimberlite material is retrieved from the DMS plant during clean-up after each sample. This kimberlite material is then partially digested and picked for diamonds. Any diamonds recovered are reflected in the above table.
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
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.
SOURCE: Diamonds North Resources Ltd.
Diamonds North Resources Ltd.
Nancy Curry
VP Corporate Communications
(604) 689-2010
(604) 484-7143 (FAX)
Email: info@diamondsnorth.com
Website: www.diamondsnorth.com
I talked with the President of Diamonds North today.
I wanted to know what was going on with this company that I am a shareholder in.
I received the following info from Mark Kolebaba:
1. They plan to use only their flowthru for their budget.
2. To improve targeting on diamond pipes, they plan to place a very heavy emphasis on studying indicator dispersion trails and doing very detailed data analysis around each one of them.
3. Diamonds are their main focus but they are certainly not ignoring other metals and minerals.
They already have drilled a nickel discovery inside their vast Amaruk property which had grades above 1% with decent intercepts significantly over 10 metres in length.
They have found copper/silver mineralization on their Hepburn property.
They have picked up more land. The Nunuvut minister has stated that only 40% of Nunuvut has been mapped.
DDN is quite capble of further mapping of their vast land holdings as well as unclaimed land.
After the phone conversation with Mark, I personally feel more confident about the company"s future.
DDN closing @ .16 UP 28% today on a volume of 208,000 shares traded. The close was 3.5 cents higher than the close of last Friday.
Why did this happen? Two possibilities that I can think of...
1. The U.S. markets were up strongly with the DOW gaining almost 500 points.
2. DDN was mentioned in "AllPennyStocks.com as one of their "Stocks To Watch."
That is all my people... until future developments warrant more posts from me!
BTW, if anyone else would like to post here about DDN, do it.
What has Mark Kolebaba and his merry band of devoted employees wrought? The results of their latest mini bulk sample are devastating!
Clearly, he REALLY needs to think outside the box! A lot of other little exploration companies are making deals to get near production properties which can, with only a modest amount of expenditure and work, provide them with CASH FLOW.
Two companies, Eagle Plains and SnowField recently announced almost-ready-for-production acquisitions.
I sincerely hope he considers this option!
Mark Kolebaba will speak at PDAC
VANCOUVER, February 26th, 2009 - Diamonds North Resources Ltd. (TSX-V: DDN) announces that Mr. Mark Kolebaba, President & CEO of Diamonds North Resources Ltd. will be giving a corporate presentation at the Prospectors and Developers Association of Canada International Convention on Tuesday March 3rd, 2009.
The presentation will focus on Diamonds North's highly innovative exploration approach that enables the Company to explore faster & cost-effectively in challenging economic times.
The Conference is being held at the Metro Toronto Convention Centre, South Building on March 1st to the 4th and the Company will be exhibiting in Booth 2322.
Mr. Kolebaba's presentation will take place at 10:00am EST in Room 801B. A copy of the presentation will be made available online at www.diamondsnorth.com.
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
Diamonds North has 7 one ton samples for new kimberlites still under assay...results should be reported in a month or two.
I will respond more in depth to the dissapointing results in the days ahead but a crew from my electric power company will be taking out a rotting telephone pole and installing a new one...so I have to get to bed earlier than normal.
DDN DOWN more than half in share price!!!
Company released news 5 A.M.
What Diamonds North hopes for from their mini bulk sample which is in the final stages of being processed/reported:
From 20 ton sample of Tuktu kimberlite cores; 10-20 carat weight for all Tuktu diamonds recovered with a spread (size wise) of diamonds ranging from very small to possibly quarter carat size.
My comment would be that this is a carefully understated hope which will probably be exceeded...the only question is by how much?
Yep that's my opinion and I will believe that until shown otherwise. :)
Thanks for adding the Sedar link in the iBox sumi. :)
The Prez/CEO Mark Kolebaba is doing presentations for Diamonds North.
Will return to his Vancouver company HQ on Monday.
Of the 4 Canadian resource stocks that I currently own or am interested in, Diamonds North is the most traded with the highest volume of buys and sells almost every day.
It is the easiest to sell when you make a profit.
It is also a Tier 1 company with a strong record of favorable treatment (above market prices) when a major company makes a strategic alliance with it.
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Diamonds North Resources
510-510 Burrard Street
Vancouver, B.C. Canada
V6C 3A8
Tel: 604-689-2010
Fax: 604-484-7143
Mark Kolebaba Pres/CEO
Diamonds North wants to find Canada's next diamond mine. Mark Kolebaba is an expert geologist with extensive experience in the Canadian Arctic. The Canadian Arctic is a diamond rich area with 2 producing mines.
Diamonds North owns 100% of a huge 8 million acre parcel of land called Amaruk in which they have already found thousands and thousands of diamonds.
The company is now awaiting results from the lab for a sampling that is 80 times larger than their previous sample. It is also a test for larger diamonds.
Mark Kolebaba is well liked and respected by many Canadian investors because he is dynamic, daring. bright, resourceful and charismatic.
Because of this, Diamonds North stock is WELL TRADED BEFORE and DURING important announcements.
According to the company, there will be an important announcement in February 2009. :)
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DIAMONDS NORTH WEB PAGE
http://www.diamondsnorthresources.com/s/Home.asp
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DIAMONDS NORTH RESOURCES LTD. FILINGS & PUBLIC DOCUMENTS with SEDAR
http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00017706
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