CORRECTION FROM SOURCE: Diamonds North
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Mar 14, 2008 03:05AM
Targeting Canada's Next Diamond Mine
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 13, 2008) - Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces a total of 607 diamonds recovered from a 107 kilograms sample of the Tuktu-2 kimberlite and 219 diamonds recovered from a 37.85 kilogram sample of the Tuktu-3 kimberlite. The Tuktu-2 and 3 kimberlites are located immediately adjacent to the Tuktu-1 kimberlite on the 100% owned Amaruk property, Pelly Bay Diamond District, Nunavut. Samples were collected using a reverse circulation/percussion drill.
Tuktu-1, 2, 3 and 4 appear to form a kimberlite complex with a geophysical expression of approximately 5 hectares. Other adjoining targets, not yet drill tested; expand the geophysical target to approximately 8 to 12 hectares in size. A mini bulk sample program is being planned to further evaluate the economic potential of these bodies.
Tuktu-2 and Tuktu-3 have yielded nearly 6 diamonds per kilogram of kimberlite which is comparable to initial results from some of the top producing kimberlites in Canada.
In Tuktu-2, 98% of these diamonds are white. More than 80% of the diamonds from Tuktu-3 are white. The majority of diamonds from both samples are clear octahedral forms. Broken diamonds or fragments comprise about 27% of the diamonds in Tuktu-2 and about 10% in Tuktu-3. Only diamonds on or above the 0.3mm screen have been described.
"Very high diamond counts, large tonnage potential and untested targets in the cluster establish the Tuktu cluster as Diamonds North's top priority for 2008," states President and CEO Mark Kolebaba.
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Weight Sieve Sizes (mm)
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Sample (kg) 0.106 0.150 0.212 0.300 0.425 0.600 Total
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Tuktu-1(i) 81.75 269 158 73 37 11 2 550
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Tuktu-2 107 222 239 101 26 15 4 607
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Tuktu-3(ii) 37.85 81 76 41 16 4 1 219
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Tuktu-4 66.4 3 1 0 1 0 0 5
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(i) Diamond results released January 8, 2008
(ii) Water in sample was decanted into 0.075mm screen prior to drying.
The Tuktu kimberlites appear to consist of hard and competent kimberlite. Similar kimberlite lithologies have been reported in Tuktu-1, 2, 3 and 4. Another kimberlite lithology encountered only in Tuktu-4 was processed for diamonds. The second kimberlite lithology in Tuktu-4 is being processed. The diamond content appears consistent in the Tuktu-1, 2 and 3 kimberlites.
Results for the other Tuktu kimberlites have also been received; Tuktu-6 yielded 52 diamonds from a 99.45 kilogram sample including 29 stones on the 0.106mm, 13 on the 0.150mm, 4 on the 0.212mm, 5 on 0.3mm and 1 on the 0.425mm screens. Tuktu-7 yielded 33 diamonds from a 85.9 kilogram sample including 17 stones on the 0.106mm, 10 on the 0.150mm, 4 on the 0.212mm and 2 on the 0.3mm screens. Tuktu-5 yielded 21 diamonds from 111.65 kilogram with 11 stones on the 0.106mm, 3 on the 0.150mm, 4 on the 0.212mm and 3 on the 0.3mm screens; and Tuktu-8 yielded 9 diamonds from 109.6 kilograms of kimberlite with 6 stones on the 0.106mm, 2 on the 0.150mm, and 1 on the 0.212mm screens. Tuktu-9 yielded 11 diamonds from a 97 kilogram sample including 8 stones on the 0.106mm, 2 on the 0.150mm and 1 on the 0.212mm screens.
Amaruk is one of Canada's most prospective diamond projects. To date, 22 kimberlites have been discovered, of which more than 90% are proven diamondiferous and 50% exhibit diamond counts requiring advanced exploration. More than 500 geophysical targets remain to be tested in an area with an abundance of compelling diamond indicator minerals.
The drill cuttings were logged in secure facilities at the Amaruk field camp by geoscientists. Samples were securely sealed in solid containers and shipped to Saskatchewan Research Council (SRC) in Saskatoon for processing. The results presented in this news release were obtained by SRC using their standard caustic fusion diamond recovery method. SRC is accredited by the Standards Council of Canada to the ISO/IEC Guide 25 standard for specific registered tests. As part of an ongoing Quality Control & Quality Assurance program, Diamonds North will conduct reviews and audits of results.
Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing these projects. They are responsible for the design and conduct of the exploration programs and the verification and quality assurance of analytical results.
Diamonds North Resources is focused on discovering Canada's next diamond mine. The Company is rapidly evolving and committed to building long-term value through ongoing diamond discoveries.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Diamonds North Resources Ltd.
Nancy Curry
VP Corporate Communications
(604) 689-2010
(604) 484-7143 (FAX)
Email: info@diamondsnorth.com
Website: www.diamondsnorth.com