|DIAMONDS NORTH RESOURCES LTD. : http://www.diamondsnorth.com/ : News Releases 2006|
Wed Sep 20, 2006
Diamonds North Increases Kimberlite Tally to Five Demonstrating Amaruk's Potential for Many More
Vancouver, September 20, 2006 -- Diamonds North Resources Ltd. (DDN -- TSX Venture) announces that five kimberlites have been discovered on its 100% owned Amaruk property in the Pelly Bay Diamond District in Nunavut. Three new kimberlites; Char, Walrus and Beluga have been added to the Qavvik and Umingmak kimberlites announced on August 23rd, 2006. Samples from all five kimberlites are being analyzed for microdiamonds.
The 2006 drill program was designed to test a variety of geophysical targets on different parts of the property to identify separate clusters of kimberlite (more than one pipe). More than 30 separate areas with kimberlite indicator minerals have been identified over a 75 kilometre wide area within the central part of the property. Five of these areas (each separated by up to 40 km) have been tested and each has been found to host kimberlite. A large portion of the property remains untested. Other geophysical anomalies near these kimberlites demonstrate the possibility of numerous kimberlite clusters, giving the Company more confidence that this property hosts a substantial number of kimberlites. The drill program was successful by meeting the company's objective to test numerous targets quickly and at low cost.
Mark Kolebaba President of Diamonds North states "We believe that Amaruk is one of the best diamond projects in the world. What is key is that so far we have discovered five kimberlites within this proven diamondiferous kimberlite field. It is exciting to have provided shareholders with five kimberlite opportunities that could add significant value to the Company and to have identified over 400 other geophysical anomalies on this property. Given the success of our 2006 exploration program, which was just a first pass, we expect that this property could host over 100 kimberlites."
The key successes of the 2006 exploration program are:
• Five kimberlites were drill tested
• Our proprietary technique for analyzing geophysics proved effective for discovering kimberlite
• Five potential kimberlite clusters have been identified to date (separated by up to 40km)
• Nearly three tonnes of kimberlite were collected from five kimberlites for diamond analysis
• The following table summarizes each kimberlite discovery:
Drilled Kimberlite Samples Name Overburden Anomaly Estimated Comments thickness (m) size (m) weight (Kg) Umingmak 15 290 x 120 579.85 Lab weight Qavvik 32 240 x 180 450 Field weight Char 27 250 x 50 371 Field weight Walrus 12 145 x 80 1011 Field weight Beluga 20 156 x 70 580 Field weight
- Lab weights are more accurate than field weights. Field weights are subject to change.
All drill holes were vertical, with the exception of Umingmak and Char which were drilled at -60o, and all drill holes were drilled to a maximum depth of 65 metres unless the hole was abandoned.
The drill used was a lightweight, portable reverse circulation drill equipped to penetrate a maximum depth of 65 metres. A total of 26 targets were tested by drilling. The targets covered a full range of magnetic signatures ranked from low to high priority. Some of the drill holes did not reach bedrock due to difficult drilling conditions for the small drill rig. Numerous high priority targets remain untested due to the limitations of the drill and will be tested with a larger more powerful conventional drill.
The kimberlite samples recovered by the drill consist of rock chips which inherently causes more diamond breakage. This method of drilling is a faster and a more cost effective means of testing targets and will provide rough diamond content for the kimberlite. Each sample has been shipped to SGS Lakefield Research Laboratories for caustic fusion and diamond recovery.
Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing the data for the project.
The Pelly Bay region is Canada's newest diamond district. Diamonds North has the dominant land position in the region and is exploring a kimberlite field with proven diamondiferous kimberlite and exceptional diamond characteristics. With the recent discovery of new kimberlites by drilling, the Company believes that the Amaruk project offers shareholders increased opportunity of discovering Canada's next diamond mine.
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
President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
For further information, please contact:
Diamonds North Resources Ltd.
Corporate Communications: Nancy Curry
|Copyright © 2006 by Diamonds North Resources Ltd. All rights reserved worldwide.|