Diamonds North Begins Work at Amaruk
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/13/10 -- Diamonds North Resources Ltd. (TSX VENTURE: DDN) has commenced its 2010 exploration programs on the Amaruk property located in Nunavut. The diamond program will focus on the collection of a 25 tonne bulk sample from the Beluga-3 kimberlite to further test for commercial size diamonds. The gold program will focus on defining drill targets in areas where anomalous gold was discovered in 2009.
DIAMONDS
The sample collected from Beluga-3 in 2009 demonstrated larger diamond potential giving the Company confidence to proceed with this bulk sample (see News Release NR09-17, December 1st, 2009).
'A positive bulk sample from Beluga-3 would be a significant driver for the Amaruk diamond project and Diamonds North,' says Mark Kolebaba, President & CEO of the Company.
Further interest in the Beluga-3 area has developed as a result of a comparison of garnet chemistry from the Beluga-3 kimberlite and surrounding till samples. A high priority garnet population observed in the till was not recovered in the Beluga-3 kimberlite, suggesting an untested phase of kimberlite is present in Beluga-3 and or additional undiscovered kimberlites in the immediate area. Additional exploration drilling is planned around Beluga-3 to locate the source of this high priority garnet population.
A total of 25 kimberlites have been discovered on the Amaruk property and 90% of the kimberlites processed for diamonds are proven to be diamondiferous. Hundreds of untested anomalies remain and numerous kimberlite indicator mineral trains remain unresolved offering high potential for additional kimberlite discovery on the property. Diamonds North will continue refining kimberlite targeting methods.
GOLD
On Amaruk several separate and discrete areas with highly anomalous gold recovered from bedrock will be targeted for prospecting, mapping and sampling in an effort to determine drill targets. Particular focus will be on areas where over 1g/T gold was indentified by a limited prospecting program in 2009. The 2010 program will focus on these areas to identify concentrated zones of high grade gold mineralization.
The Amaruk Gold project was identified by numerous gold in till anomalies over an area of 80 x 80 kilometres. A very successful limited first pass prospecting program in 2009 led to the discovery of 20 areas with anomalous gold (19 in bedrock and 1 in a boulder near a suspected contact), three of these anomalies yielded gold values 1 g/T or above (see News Release NR09-16, October 29th, 2009). Additional prospecting in areas with anomalous gold grains in till will be completed in an attempt to identify additional bedrock sources on Amaruk.
Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons as defined by National Instrument 43-101, reviewing this project. They are responsible for the design and conduct of exploration programs and the verification and quality assurance of analytical results.
About Diamonds North
Diamonds North Resources is rapidly evolving and committed to building long-term value for shareholders through ongoing discoveries and leveraging business opportunities from our vast land holding.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba, President & CEO
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Diamonds North Resources Ltd.
Nancy Curry
VP Corporate Communications
(604) 689-2010
(604) 484-7143 (FAX)
info@diamondsnorth.com
www.diamondsnorth.com