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.
