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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 Jul 29, 2003
Blue Ice Progress Update
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#03-27
VANCOUVER, July 29, 2003 -- Diamonds North Resources Ltd. announces that the Blue Ice exploration program is well underway. The first exploration phase has focused on drilling kimberlite along the SE or Nunavut portion of the Galaxy Structure to acquire larger volumes of kimberlite from bodies that yielded high diamond counts from the 2002 program. To date, the 2003 drilling by Diamonds North and Teck Cominco has resulted in the collection of 448 kg of kimberlite from Vega, NW extension of Vega, Sand Piper East and one new kimberlite dyke called SLT 4. Kimberlite from each body will be processed and treated separately and released as complete samples. Remaining to be drilled on the SE portion of the Galaxy Structure is the Snow Bunting kimberlite from which a 100-200kg sample is anticipated.
Further drilling is planned on the Carina and the newly discovered Fornax kimberlites during the 2003 program. Planning is in progress for a trenching program on the Sculptor and Pegasus kimberlite bodies located in the central part of the SE Galaxy structure to acquire larger volumes of kimberlite.
Results of work from 2002 and 2003 indicate that the Nunavut portion of the Galaxy Structure forms a large sub-vertical kimberlite dyke system comprising multiple parallel and en echelon (stepped) dykes and blows ranging in thickness from twenty five meters to less than one meter over a distance of more than five kilometers. All kimberlites tested along Galaxy to date contain diamonds; several of these kimberlites have yielded high diamond counts. The large amount of diamondiferous kimberlite along this five kilometer trend represents high potential for tonnage.
Upon completion of drilling on the Nunavut portion of the Galaxy Structure, the second phase of drilling will focus on large kimberlite targets within the Northwest Territories portion of Galaxy. At least three kimberlite targets up to 400m in diameter as defined by geophysical signatures have been selected for drilling. These targets were not drilled in 2002 as the land use permit application for the Northwest Territories was in progress. Land use permits have now been granted, allowing Diamonds North and Teck Cominco to drill these large targets.
The third phase of the Blue Ice program will be a detailed heli-borne geophysical survey, which will be conducted over a period of two to three weeks starting the first week of August. The survey will cover the 75% of the Blue Ice property that has not yet been flown with detailed geophysics or sampled for heavy minerals. The 2003 exploration budget allocates funds to drill additional targets that may result from this survey.
The $3,000,000 Blue Ice exploration program is jointly funded by Diamonds North Resources Ltd. and Teck Cominco Limited. The current drilling program on Blue Ice will be completed by the end of August. New targets generated from the 2003 airborne survey will be considered for drilling in September.
The first batch of kimberlite core has been shipped to Lakefield Research for microdiamond analysis. Diamond results will be received over several months with the first batch expected in September and continuing through the first quarter of 2004.
Diamonds North Resources Ltd. is committed to discovering an economic diamond deposit in Canada. The company is involved in eleven projects covering over 2 million acres of land in Canada's Nunavut and Northwest Territories. Eight projects are located on Victoria Island with Diamonds North as the operator; two projects are adjacent to the De Beers /Mountain Province Kennady Lake advanced stage discovery and one project is near the Drybones kimberlite in the Northwest Territories. Diamonds North is also committed to increasing shareholder value by combining a proven business model, experienced management and a strong technical team while working closely with local governments and communities.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba
President
For further information, please contact:
Corporate Communications:
Nancy Curry
Diamonds North Resources Ltd.
Telephone:
Facsimile:
Website: diamondsnorthresources.com
Email:
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release |
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