Diamonds North Begins Processing Beluga-3 Bulk Sample to Test for Larger Diamonds
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/18/10 -- Diamonds North Resources Ltd. (TSX VENTURE: DDN) announces the commencement of the processing of the 25 tonne bulk sample from the Beluga-3 kimberlite collected in 2010, located on the Company's 100% owned Amaruk property in Nunavut.
The sample, with a total lab weight of 24,613 kilograms is at the Saskatchewan Research Council Laboratory. A diamond concentrate will be produced using a 1 tonne per hour Bateman Dense Media Separation plant with a 0.5mm screen size cut-off. The sample is being separated into five batches for quality assurance and comparison of diamond content. Results will be reported upon receipt and final review and are anticipated mid to late December.
A mini-bulk sample of the Beluga-3 kimberlite completed in 2009 demonstrated larger diamond potential, giving the Company confidence to proceed with this larger bulk sample (see News Release NR09-17, December 1st, 2009). Based on rough reconstructive analysis provided by Saskatchewan Research Council Laboratory, the Company estimates the largest diamond fragment recovered in 2009 to have been a diamond weighing from 0.2 to 0.25 carats (see News Release NR10-05, April 16th, 2010).
The Beluga-3 bulk sample was drilled using a low cost, light weight bulk sampling drill that utilizes flood reverse circulation without percussion to reduce and/or eliminate significant diamond breakage.
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 and numerous kimberlite indicator mineral trains remain unresolved, offering high potential for additional kimberlite discoveries on the property. Diamonds North also tested a time domain electromagnetic airborne system on the property this season and will continue refining kimberlite targeting methods.
Bruce Kienlen (P. Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons, as defined by National Instrument 43-101, for reviewing this project. They are responsible for the design and conduct of exploration programs and the verification and quality assurance of analytical results.
Appointment of Manager of Corporate Communications
Diamonds North is pleased to announce the appointment of Troy Shultz as Manager of Corporate Communications. Mr. Shultz is a graduate of the University of Saskatchewan's MBA program and brings to this position experience in marketing and corporate communications. Most recently he has been a key member of the corporate communications team at Diamonds North for the past five years and has been instrumental in the development and execution of communication strategies. Prior to this he has held positions with BHP Billiton and the Federal Government. Mr. Shultz fills the corporate communications position previously held by Nancy Curry. The Board of Directors thanks Ms. Curry for her years of service and wishes her well in her future endeavors. Also, the Board of Directors welcomes Mr. Shultz to this position and anticipates a smooth transition.
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.
Troy Shultz
Manager, Corporate Communications
(604) 689-2010
(604) 484-7143 (FAX)
info@diamondsnorth.com
www.diamondsnorth.com