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Feb 15, 2007 : New Diamond Discoveries on Amaruk more...
Jan 10, 2007 : Diamonds North and Majescor Identify High Priority Drill Targets on Ba... more...
Jan 08, 2007 : Amaruk Project Update Diamond Results Pending for Five Kimberlites - P... more...
Dec 04, 2006 : Uranium North Set To Close Financing And Commence To Trade more...
Nov 16, 2006 : Diamonds North Announces Closing of $7 Million Private Placement more...
Oct 26, 2006 : $6 Million "Bought Deal" Financing more...
Oct 12, 2006 : Diamonds North and Arctic Star to Explore in Canada's Newest Kimberlit... more...
Oct 05, 2006 : 19 New Kimberlite Float Occurrences on Amaruk Further Demonstrates the... more...
Sep 27, 2006 : Drill Targets Identified on the Ualliq property more...
Sep 20, 2006 : Diamonds North Increases Kimberlite Tally to Five Demonstrating Amaruk... more...
Aug 23, 2006 : Target Testing Underway at Amaruk -- New Kimberlite Discovered more...
Aug 15, 2006 : Shear Minerals and Diamonds North to Explore the Sakari property more...
Aug 02, 2006 : Diamonds North and International Samuel to Explore the Ualliq property more...
Aug 01, 2006 : Diamonds North Closes Plan of Arrangement for Shareholders to Receive ... more...
Jul 19, 2006 : Diamonds North sets Effective Date for Shareholders to Receive Uranium... more...
Jul 17, 2006 : Pathfinder Starts Major Airborne Geophysical Survey at Thelon Basin Ur... more...
Jul 14, 2006 : Diamonds North Grants Options more...
Jul 13, 2006 : Diamonds North To Drill The Amaruk Project more...
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2006 | 2005 | 2004 | 2003 | 2002
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Tue May 27, 2003
Diamonds North & Majescor Initiate Wellington Drill Program
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#03-18
Vancouver, BC - Diamonds North Resources Ltd. (DDN - TSX Venture) and Majescor Resources Inc. (MAJ - TSX Venture) announce the 2003 field program for the Wellington and the Stefansson Diamonds Projects, Victoria Island, Nunavut.
The Wellington program, expected to commence early June, will follow up on successful results of the 2002 aerial geophysical surveys in which over 1300 line kilometres was flown. The geophysical survey located six pipe like anomalies and six dyke like anomalies which have magnetic signatures similar to known kimberlites on Victoria Island.
The 2003 program will consist initially of ground geophysical surveys to recover data on all twelve anomalies. The survey results will be interpreted in detail and the top 5-6 targets will then be tested by diamond drilling. Any kimberlite core recovered will be split and submitted for diamond analysis. In addition, heavy mineral till sampling program is planned to follow up on a number of kimberlitic pyrope, ilmenite and chromite grains located by a previous reconnaissance survey on the property.
The main mobilization of equipment and supplies to Victoria Island has been successfully completed and crews are expected to be mobilized to the site by the end of May. Majescor can earn a 50% interest in the project by spending $2.25 million over three years and has paid its pro rata share of the mobilization costs to Diamonds North. Majescor has approved a budget and will fund the $450,000 exploration program on the Wellington Project.
Diamonds North and Majescor also plan an $85,000 exploration program on the Stefansson Project. The companies entered into a 50:50 joint venture last year on this project which consists of four exploration permits that cover a discrete indicator mineral anomaly on Stefansson Island just to the northeast of Victoria Island. The program will consist of till and stream geochemistry sampling in an attempt to locate the source of the original anomalous sample.
On behalf of the Board of Diamonds North Resources Ltd. and Majescor Resources Inc.
"Mark Kolebaba"
Mark Kolebaba
President
DIAMONDS NORTH RESOURCES LTD.
"Jacques Letendre"
Jacques Letendre
President
MAJESCOR RESOURCES INC.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release |
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You can view the Next News Releases 2003 item: Wed Jun 4, 2003, Kidme Ownership Dispute Resolved Exploration Planning Underway
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