Diamonds North Starts Copper-Silver-Bismuth Exploration Project at Hepburn
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/17/11 -- Diamonds North Resources Ltd. (TSX VENTURE: DDN) announces that the 2011 exploration program has begun on the Hepburn property in the Northwest Territories. The program will focus on delineating areas of concentrated mineralization for drilling using induced polarization (IP) surveying and prospecting.
'The Hepburn property has already demonstrated high copper silver potential along with bismuth, uranium and gold credit. Successfully identifying drill targets on this property would be a significant advancement,' says Mark Kolebaba President and CEO of Diamonds North.
Initial grab samples from the property returned values up to 19.8% copper, 123.0 grams per tonne silver, 0.20% uranium and 0.17% bismuth. These showings appear to be associate with a 3.5 kilometre by 1.5 kilometre magnetic high which is semi-coincident with a radiometric anomaly detected by airborne surveying. Anomalous gold values suggest the system is gold bearing (see news release March 4, 2010).
In addition to the Hepburn property the Company is actively exploring for gold on Southern Nunavut properties including the Esker Property. To view a video presentation of the Esker Gold Property, visit our website www.diamondsnorth.com.
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.
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