Diamonds North Resources Ltd fka DDN

[EnergyGuy62]

Diamonds North On The Move At Amaruk!
VANCOUVER, May 11, 2010 - Diamonds North Resources Ltd. (TSX-V: DDN) announces that it has been granted 285,000 acres of prospecting permits on the northern part of the Amaruk property in Nunavut. These permits were acquired to expand and protect prospective unexplored land surrounding 2 significant gold prospects held by the Company.
With the addition of these new permits Diamonds North is separating Amaruk into two distinct regions with proven gold potential; 1) the Halkett Inlet Gold Project and 2) the Amaruk Gold Project (http://www.diamondsnorthresources.com/s/Halkett.asp). The Halkett Inlet permit block is located approximately 120 kilometres north of the Amaruk claim block.
The Halkett Inlet project includes the HI-1 (formerly PB-1) and the HI-2 (formerly PB-5) prospects. A gold exploration update on the Amaruk property, which includes the PB-2 to PB-4 and several other areas with anomalous gold, will be released. A summary of the HI-1 and HI-2 prospects is listed below.
"We have 100% ownership of two new unexplored large scale gold districts with numerous prospects. I am amazed by the number of discoveries with over a gram of gold considering we have only completed preliminary first pass prospecting. We expect with more detailed work we will find higher grade gold as we did at HI-1 where we now have up to 24 grams per tonne gold" Says Mark Kolebaba President and CEO of Diamonds North.
Plans to mobilize a drill to HI-1 are under way. Drilling to test the extent of the gold mineralization will be the main objective. Detailed sampling, mapping and geophysical surveying are planned for HI-1 and HI-2 to develop additional targets for drilling. Regional sampling and prospecting will also be conducted to identify other target areas within the unexplored Halkett Inlet permit block.
Halkett Inlet Project:
The HI-1 gold prospect is located in the northwestern part of the Halkett Inlet permit block. A continuous rock chip sample across an oxidized sulfide zone in 2009 yielded 9.4 g/T gold over 3 metres. A nearby grab sample of un-oxidized altered Quartz Feldspar Porphyry (QFP) dyke devoid of sulfides contained 24.3 g/T gold.
The oxidized sulfide zone, has been observed over a length exceeding 100 metres and up to 3 to 8 metres wide, increasing up to 20 metres wide locally. The gold bearing QFP dyke is part of a larger QFP dyke swarm that extends laterally tens of metres beyond the oxide zone. The discovery of gold in both the surrounding QFP and the oxide zone significantly increases the potential strike, width and grade of the HI-1 Gold prospect.
HI-2 Gold Prospect was identified by regional prospecting. Grab samples from an iron formation with highly anomalous gold content include 3 samples greater than 0.5g/T, including one sample with 1.2 g/T gold. The iron formation was traced by helicopter prospecting and sampling for more than 6.5 kilometres and based on interpretation of airborne magnetics may extend for 13 to 18 kilometres in strike length. The iron formation measures 1 to 5 metres, wide and in areas of intense folding up to 25 metres wide. HI-2 is only 5 kilometres from tide water and 25 kilometres from HI-1.
Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing this project.
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: [phone]
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Website: ? ? www.diamondsnorth.com