Tuesday, November 30, 2010 11:31:31 AM
Diamonds North Reports High Gold and Silver Values from Far East Project on Amaruk
--------------------------------------------------------------------------------
VANCOUVER, November 30, 2010 - Diamonds North Resources Ltd. (TSX-V: DDN) announces gold assays at the Far East showing on the Amaruk property in Nunavut. Prospecting around gold grains in till anomalies has lead to the identification of an extensive area with anomalous gold and silver including rock samples with 2.66 g/T gold and 1.19 g/T gold with 49.5 g/T silver.
Gold mineralization occurs in at least four structurally controlled zones within a 2 square kilometre central core area of felsic intrusive rock. The highest gold concentrations occur along the margins of an overburden covered valley which is open to the west. Elevated to high silver values also occur in two separate areas at the Far East showing.
Within similar rocks 1500 metres to the south of the main Far East showing, additional mineralization was identified where samples returned 24.9 g/T silver and 0.126 g/T gold. Silicified boulders with pyrite and chalcopyrite found 100 metres to the south of this second showing returned up to 0.573 g/T gold, 5.6 g/T silver, and 1% copper.
"This is another example of gold mineralization occurring over a large area discovered on the under-explored Amaruk property. The Far East showing is of particular interest because of the occurrence of silver with gold and follow-up work on this project will be a priority for the company" says Mark Kolebaba, President and CEO of Diamonds North.
A total of 83 rock samples were collected in 2010 at the Far East showing and 27 samples returned values greater than 0.1 g/T gold. The Far East showing was discovered in 2009 and was formerly referred to as the PB3 Showing (See news release 09-16, October 29, 2009).
The proposed work program for the Far East property includes immediate structural analysis prior to geological mapping, prospecting and ground geophysical surveying. Geochemical soil surveying will be conducted over overburden covered areas adjacent to anomalous rock samples identified in 2010.
http://www.diamondsnorthresources.com/s/NewsReleases2009.asp?ReportID=431226
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM