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Thursday, 07/21/2011 10:47:40 AM

Thursday, July 21, 2011 10:47:40 AM

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Preliminary Exploration Begins On Diamonds North's Fox Property In Nunuvut. Basically, the company wants to study both iron-hosted gold as well as non-iron intrusives and rocks which would also host gold mineralization. Diamonds North, of course, is trying to raise the price of its stock. So it prominently features high grade gold grab and chip samples in its news release to get the investor newbies excited. The facts are that Diamonds North has a somewhat limited budget and the only property to see any drilling at all is the Esker Property for this year. Furthermore, any drilling for diamonds most liely won't take place until next year.

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