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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...
Jul 12, 2006 : Diamonds North Completes $3,265,000 Equity Financing more...
Jul 11, 2006 : Diamonds North Financing Update more...
Jul 05, 2006 : Diamonds North and Majescor Developing Drill Targets on Banks Island more...
Jun 29, 2006 : Diamonds North Announces Equity Financing more...
Jun 27, 2006 : Diamonds North Positions Uranium North in Athabasca, Thelon and Hornby... more...
Dec 14, 2005 : Diamonds North Completes $4,500,000 Equity Financing more...
Dec 07, 2005 : Diamonds North Increases Equity Financing To $ CDN 4,500,000 more...
Nov 23, 2005 : Diamonds North Announces Equity Financing more...
Nov 10, 2005 : Blue Ice 2005 Exploration Program Summary more...
Nov 09, 2005 : Majescor and Diamonds North Advance Potential Diamond District on Bank... more...
Sep 28, 2005 : Kimberlite Discoveries Begin on Amaruk more...
Sep 22, 2005 : Pathfinder and Diamonds North Increase Vast Land Position for Uranium ... more...
Jul 26, 2005 : Diamonds North Identifies New Uranium Opportunities on Diamond Claims more...
Jul 22, 2005 : Diamonds North Completes Private Placement more...
Jun 27, 2005 : Non-Brokered Private Placement more...
Jun 07, 2005 : Diamond Sizes Prompt Diamonds North to Increase Washburn Ownership to ... more...
Jun 01, 2005 : Uranium Potential Confirmed on Thelon Diamond Project more...
May 19, 2005 : Bill Zimmerman Joins Diamonds North Board more...
Apr 21, 2005 : King Eider Yields Three Quarter Carat Diamond more...
Apr 20, 2005 : Diamonds North and Stornoway Enter into Agreement to Explore Manitoba ... more...
Apr 14, 2005 : Diamonds North Capitalizes on Commodity Opportunities more...
Apr 12, 2005 : Prioritization of Drill Targets on Arnak more...
Apr 01, 2005 : Diamonds North Identifies Another Potential Diamond District on the Sl... more...
Mar 23, 2005 : Grant of Incentive Stock Options more...
Feb 28, 2005 : Blue Ice Property Update more...
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2006 | 2005 | 2004 | 2003 | 2002
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Wed Apr 20, 2005
Diamonds North and Stornoway Enter into Agreement to Explore Manitoba Highlands Project
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News Release: 05-12
Vancouver, April 20, 2005 - Diamonds North Resources Ltd. (DDN - TSX Venture) and Stornoway Diamond Corporation (SWY - TSX) announce that the companies have entered into an agreement to explore the Manitoba Highlands project under a 50:50 joint venture. The project is located in the Hudson Bay Lowlands of northeastern Manitoba and was originally acquired by Diamonds North in 2004.
Under the terms of a joint venture finalized on April 18 2005, Stornoway and Diamond's North have agreed to fund the original acquisition and exploration costs and all future exploration work on the project equally. Diamonds North will act as the Operator.
The Highlands property lies within a favourable geological setting similar to that which hosts the Attawaspikat kimberlites where DeBeers Canada Inc. has recently completed feasibility and environmental assessment studies on the Victor Pipe.
During the 2004 exploration program, the companies recovered kimberlite indicator minerals from several samples collected on the property. In addition a 14,950 line kilometer magnetic airborne survey completed over the entire property has revealed approximately 50 magnetic anomalies, of which, 15 are rated as high priority and require immediate follow-up work.
Plans for the 2005 exploration program include ground geophysical surveying to assist in target selection for an anticipated diamond drilling program later this year.
The Manitoba Highlands exploration program is part of Diamonds North's estimated $13,000,000 to $15,000,000 exploration budget for 2005 which is funded by Diamonds North and its partners. In addition to Stornoway, Diamonds North is partnered with BHP Billiton Diamond Inc., Teck Cominco Limited, Kennecott Canada Exploration Inc., SouthernEra Diamonds Inc. and Majescor Resources Inc. Diamonds North also holds 100% interest in several advancing projects in NWT and Nunavut.
Diamonds North expects three to five drill programs for 2005. Mobilization has already begun for the Victoria Island project drill program. Diamonds North's current project portfolio encompasses over 27 million acres of land in five known and ten potential kimberlite districts.
Graham Gill (P.Geo) is the company's qualified person reviewing the project data for Diamonds North. Also reviewing the data is Stornoway's qualified person, Robin Hopkins
Diamonds North is a dynamic exploration team focused on strategically advancing diamond opportunities and is determined to discover Canada's next diamond mine.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Kolebaba
President & CEO
Diamonds North Resources Ltd
For further information, please contact:
Diamonds North Resources Ltd.
Corporate Communications: Nancy Curry
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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