|DIAMONDS NORTH RESOURCES LTD. : http://www.diamondsnorth.com/ : News Releases 2003
Fri Sep 19, 2003
Target Generation Started On Kidme
|VANCOUVER, September 19, 2003 -- Diamonds North Resources Ltd. (DDN-TSX Venture) and SouthernEra Resources Ltd. have begun a detailed heli-borne magnetic and EM survey over the 90,000 acre Kidme claim block which is located 200 kilometres east of Yellowknife, Northwest Territories. The objective of the 2003 geophysical program is to identify targets for a drill program in March 2004.
A recent review of data collected from the property in 1996 has been completed. The data includes till samples collected along regional transects across the property plus magnetic and EM data from the northwest corner of the property. Several circular geophysical anomalies identified from the 1996 geophysical data have been verified with ground geophysics in 2003. Two of these anomalies are located under lakes and requires drill testing in March 2004.
Heavy mineral data from the 1996 sampling survey outlines four areas on the property with anomalous kimberlite indicator mineral occurrences. One of the anomalous occurrences supports the possibility of a southwest extension of the Kennady Lake kimberlite trend onto the Kidme claims. Currently in pre-feasibility, $2 to 3 billion in diamonds have been outlined on the Mountain Province/De Beers Kennady Lake property. The second anomalous occurrence is located on the northwest part of the property where the two drill targets have been identified and two other occurrences lie on the eastern portion of the property. The kimberlite indicator mineral anomalies suggest the possibility of multiple kimberlites on the Kidme claims.
As part of the 2003 exploration program, geophysical anomalies will be further developed by systematic heavy mineral sampling. This exploration campaign represents the first integrated property wide program conducted at Kidme which is strategically located immediately south of Mountain Province/De Beers Kennady Lake property. Due to an ownership dispute since 1996, virtually no exploration has been conducted on the property. In May 2003, a federal tribunal awarded the Kidme Project to Diamonds North 40% and SouthernEra 60%.
On behalf of Diamonds North Resources Ltd.
For further information, please contact:
Corporate Communications: Nancy Curry
Diamonds North Resources Ltd.
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