Re: News Release - Thursday, June 07, 2012
Diamonds North Begins Exploration Program on the Poland China
Gold Project in Washington State
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Vancouver, BC, June 07, 2012 - Diamonds North Resource Corp. (TSX-V:
DDN) and Uranium North Resources Corp (TSX-V: UNR) ("the Companies")
announce the commencement of the 2012 exploration program on the Poland
China gold property in Washington State. The Poland China property is
10 kilometres east of the Kinross Buckhorn Mine and lies within the
same geological formation.
The main vein on the Poland China property is the Kismet vein which is
reported to extend for more than 750 metres. Historically only about
100 metres of the vein has been mined.
The Kismet vein averages 2 metres in width and is as wide as 4.5
metres. Mine grades of 8.22 g/T to 12.7 g/T gold and 13.7 g/T silver
have been recorded. Other mineralized veins reportedly exist on the
property, one of which was 2.6 metres wide and traceable for 1500
metres.
Phase one of the exploration program will include geological mapping,
soil sampling and geophysical surveying. The mapping and sampling will
be conducted to delineate the extent of the Kismet vein and other vein
occurrences on the property. The work program is expected to be
completed by the end of June. The objective of this program is to
define drill targets for an upcoming drill campaign.
"This is an extensive targeting program that will significantly advance
the Poland China project at a cost of only $25,000 to each company. Our
move to Washington State under this partnership allows us to continue
to explore projects as prospective as our northern projects at a
fraction of the cost," says Mark Kolebaba, President and CEO of the
Companies.
Diamonds North Resources Ltd. and Uranium North Resources Corp. have
formed and jointly own Minerals North LLC, a Nevada registered company
with the objective to explore mineral potential in Washington State.
This partnership demonstrates the Companies' commitment to increasing
shareholder value while maintaining a low cost. The Companies are
actively seeking joint venture partners for our northern Canadian
projects as they represent significant opportunity.
Graham Gill P.Geo, is the Qualified Persons as defined by National
Instrument 43-101 reviewing the data in this news release. All the
Minerals North samples were completed by ALS Canada Ltd. The
historical work is from private reports and has not been verified by
the Company, however, it appears to have been completed under standard
best practices consistent with the time and appears to be of reasonable
quality.
On behalf of the Board of Directors.
Mark Kolebaba
President & CEO
