News OutDiamonds North Beluga-3 Bulk Sample Progress
8/12/2010 10:25:47 AM - Market Wire
VANCOUVER, BRITISH COLUMBIA, Aug 12, 2010 (MARKETWIRE via COMTEX News Network) --
DiamondsNorth Resources Ltd. (TSX VENTURE: DDN) has commenced drilling the 25tonne bulk sample of the Beluga-3 kimberlite, located on its 100% ownedAmaruk project in Nunavut.
The 2009 mini-bulk sample of Beluga-3demonstrated larger diamond potential giving the Company confidence toproceed with this bulk sample (see News Release NR09-17, December 1st,2009). Based on rough reconstructive analysis provided by SaskatchewanResearch Council Laboratory, the Company estimates the largest diamondfragment recovered in 2009 to have been a diamond between 0.2 to 0.25carats (see News Release NR10-05, April 16th, 2010).
Furtherinterest in the Beluga-3 area has developed as a result of a comparisonof garnet chemistry from the Beluga-3 kimberlite and surrounding tillsamples. A high priority garnet population observed in the till was notrecovered in the 2009 Beluga-3 kimberlite sample, suggesting an untestedphase of kimberlite is present in Beluga-3 and or additionalundiscovered kimberlites in the immediate area. Additional explorationdrilling is planned around Beluga-3 to locate the source of this highpriority garnet population.
A total of 25 kimberlites have beendiscovered on the Amaruk property and 90% of the kimberlites processedfor diamonds are proven to be diamondiferous. Hundreds of untestedanomalies remain and numerous kimberlite indicator mineral trains remainunresolved offering high potential for additional kimberlite discoveryon the property. Diamonds North will continue refining kimberlitetargeting methods.
Bruce Kienlen (P.Geol) and Graham Gill (P.Geo) are Diamonds North's qualified persons as defined by NationalInstrument 43-101, reviewing this project. They are responsible for thedesign and conduct of exploration programs and the verification andquality assurance of analytical results.
About Diamonds North
DiamondsNorth Resources is rapidly evolving and committed to building long-termvalue for shareholders through ongoing discoveries and leveragingbusiness opportunities from our vast land holding.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba, President & CEO
Statementsin this press release, other than purely historical information,including statements relating to the Company's future plans andobjectives or expected results, may include forward-looking statements.Forward-looking statements are based on numerous assumptions and aresubject to all of the risks and uncertainties inherent in resourceexploration and development. As a result, actual results may varymaterially from those described in the forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Diamonds North Resources Ltd. Nancy Curry VP CorporateCommunications (604) 689-2010 (604) 484-7143 (FAX)info@diamondsnorth.com www.diamondsnorth.com
SOURCE: Diamonds North Resources Ltd.
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