Diamonds North is sure generous to shareholders as far as keeping us current on their activities!
News Release - Thursday, July 21, 2011 Diamonds North Initiates Prospecting on Fox Gold Property withGrab Samples as High as 43.9 g/T Gold======================================================================= VANCOUVER, July 21, 2011 - Diamonds North Resources Ltd. (TSX-V: DDN)announces the 2011 exploration program on the Fox gold property inNunavut is underway. The program will focus on top priority areasidentified during a comprehensive independent data review. Highly anomalous gold has been reported from iron formation over a 2.2kilometre strike length at Fox. In addition to grab samples that haveassayed as high as 43.9 g/T gold, chip samples across the ironformation have yielded values as high as 5.8 g/t gold over 3.4 metres,7.8 g/t gold over 2.2 metres and 9.8 g/t gold over 1.5 metres. Thisgold bearing iron formation has been folded and is in close proximityto the Pyke Fault which is believed to control mineralization at theMeliadine Gold deposit (resource of more than 5 million oz gold *). An independent report commissioned by the company states the Foxproperty is underexplored and has excellent potential to hostsignificant gold mineralization. The area is structurally complex,anomalous gold is widespread and several favourable host rocks for goldin addition to iron formations, exist on the property includingvolcanic / sedimentary rocks and intrusive rocks. The Fox property covers an estimated 45 kilometre strike length ofprospective volcanic/sedimentary rocks with iron formation andintrusive rocks. Historically, prospecting on Fox focused exclusivelyon iron formation hosted gold. The 2011 program will further explorethe iron formation and will focus on other target rocks on theproperty. "Our Fox data review has identified new prospective targets for goldand we now have the opportunity to explore beyond the iron formationand expand the potential of the project" says Mark Kolebaba Presidentand CEO of Diamonds North. The Fox Gold property is located 75 kilometres from the coastal Hamletof Rankin and 65 kilometers North West of the Meliadine deposit. The gold values reported are from assessment reports and have not beenverified by the Company, however, the work appears to have beencompleted under standard best practices consistent with the time andappears to be of reasonable quality. Bruce Kienlen (P. Geol) and GrahamGill (P. Geo) are Diamonds North's qualified persons, as defined byNational instrument 43-101, reviewing this project. In addition to the Fox gold property the Company is actively exploringfor gold on other Southern Nunavut properties including the EskerProperty. To view a video presentation of the Esker Gold Property,visit our website www.diamondsnorth.com.
