Diamonds North Resources Ltd. - Blog - Focusing in on our Target - Acquisition of the Pierre Creek Property

Jul 25, 2012

Focusing in on our Target - Acquisition of the Pierre Creek Property

We are often asked why we have so many projects. The answer is strategy. As a project generator, we evaluate numerous projects to narrow it down to the few projects of high value. It is essentially a screening process.

In fact, what people don't see, is the initial screening of conceptual projects prior to acquisition. Already in Washington we have reviewed and completed desktop studies on dozens of projects of which only a few have resulted in land acquisition.

For our current properties, our 2012 goal is to move the projects from geological concept to projects of merit. This process requires low cost, low disturbance activities that do not require permitting such as mapping, prospecting and magnetic surveying. The projects that pass this screening process will move towards drilling, those that do not will be discontinued.

The Pierre Creek project is very prospective with many similarities to the Buckhorn Mine, which is 70 kilometres to the west. It is one of eight projects that we expect to screen this year in Washington State. Upon completion of the work program at Pierre Creek, we hope to demonstrate it as a significant project with potential to host a gold deposit similar to the Buckhorn Mine.

For the full News Release on the Acquisition of the Pierre Creek Property click here.

For Questions or to Comment Click Here.

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