Diamonds North Resources Ltd fka DDN

[EnergyGuy62]

Diamonds North Extends Iron Target 800%

VANCOUVER, August 17th, 2010 -- Diamonds North Resources Ltd. (TSX-V: DDN) has completed initial gold prospecting at the HI-2 iron formation on the 100% owned Halkett Inlet property located in Nunavut. The extent of iron formation and potential gold mineralization has now been traced for at least 55 kilometres, a significant increase from the 6.5 kilometres (see News Release NR10-01, January 17th, 2010). A total of 428 geochemical samples have been collected for analysis.
"The 2010 prospecting campaign has been very successful as it has moved this regional target quickly into what could be a very significant gold play" says Mark Kolebaba, President & CEO of Diamonds North.
The iron formation measures 1 to 3 metres wide and in some areas up to 20 metres wide. Preliminary grab samples from HI-2 collected in 2009 yielded assays between 0.7 and 1.2 g/T gold demonstrating that the iron formation is gold bearing. The HI-2 prospect is only 5 kilometres from the coast.
Graham Gill (P. Geo) is Diamonds North's qualified person as defined by National Instrument 43-101, reviewing this project. Mr. Gill is responsible for the design and conduct of 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 Diamonds North Resources Ltd.
Mark Kolebaba
President & CEO
For additional information please contact: Nancy Curry
VP Corporate Communications
Diamonds North Resources Ltd.
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]
Website: www.diamondsnorth.com