DIAMONDS NORTH RESOURCES LTD. : http://www.diamondsnorth.com/ : Carswell East - Athabasca Basin
Carswell East - Athabasca Basin
Uranium North will hold 100% interest in claims;
168,000 acres over east side of the uranium bearing Carwell structure;
20 kilometres from the previously producing Cluff Lake Mine;
Geophysical interpretation indicates possible basement highs on the property;
Major structural lineaments transecting the property, which could be favourable for uranium mineralization, were observed in regional geophysics.
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The Carswell East block straddles the eastern portion of the uranium-bearing Carswell Structure, which contains the past-producing Cluff Lake Mine. The claim block, approximately 20 kilometres from the Cluff Lake Mine, is surrounded by claims held by Cogema and other uranium explorers.
Preliminary interpretation of regional magnetic data over the area suggests the presence of basement highs, and other structural features which are known to be associated with uranium mineralization elsewhere in the Athabasca Basin. The Company is planning a detailed geophysical survey over the project areas to identify exploration targets.
(see Diamonds North News Release NR06-16 for details).