|DIAMONDS NORTH RESOURCES LTD. : http://www.diamondsnorth.com/ : News Releases 2006|
Wed Mar 1, 2006
Drilling to Commence on Kidme
|VANCOUVER, March 1, 2006 - Diamonds North Resources Ltd. (TSX-V: DDN) announces that it has been informed by the Kidme project operator, SouthernEra Diamonds Inc., that a drill program is slated to begin in April 2006.
The Kidme property is located 20 kilometres south and along trend of the Gahcho Kue Project in the Northwest Territories, which De Beers Canada Inc. and its joint venture partners have estimated holds a diamond resource of over US$3 billion*.
Ground geophysics will be completed over the targets around the third week of March prior to drilling. The mobilization of a drill will commence at the beginning of April to test high priority targets.
The 2005 exploration program consisted of approximately 100 line kilometres of ground geophysics that included magnetic, HLEM and gravity surveys over 18 airborne targets as well as the collection of approximately 100 till samples.
In 2002, Diamonds North acquired the rights to a 40% interest in the Kidme property whilst the claims were subject to a long-standing property dispute. In May, 2003 the dispute was settled in favour of joint venture partners Diamonds North and SouthernEra Diamonds Inc. This dispute resulted in the Kidme project being one of the only properties adjacent to a potential diamond mine which remains virtually unexplored. Mr. G. Gill (P. Geo) is Diamonds North's qualified person reviewing the data on this project.
Diamonds North is a dynamic successful exploration team focused on strategically advancing diamond opportunities and is determined to discover Canada's next diamond mine.
On behalf of Diamonds North Resources Ltd.
President & CEO
For further information, please contact:
Corporate Communications: Nancy Curry
Diamonds North Resources Ltd.
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.
|Copyright © 2006 by Diamonds North Resources Ltd. All rights reserved worldwide.|