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.
You can view the Previous Blog item: Thu Jul 26, 2012, Washington Open to Responsible Exploration -- Empire Creek Drilling Permit Approved You can view the Next Blog item: Wed Jul 25, 2012, Level Playing Field for American Mining You can return to the main Blog page, or press the Back button on your browser.
Diamonds North Resources Ltd. "Diamonds North", has taken all reasonable care in producing and publishing information contained on this web site, and will endeavor to do so regularly. Material on this site may still contain technical or other inaccuracies, omissions, or typographical errors, for which Diamonds North assumes no responsibility. Diamonds North does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Diamonds North be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material on this site. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express permission.
The TSX Venture Exchange has not reviewed the information on this web site and does not accept responsibility for the adequacy or accuracy of it.
This web site contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Third Party Links
Diamonds North Resources Ltd. has provided links from this web site to several other web sites which are arms-length to the Company. The viewer should be aware that in linking to these outside web sites, he or she is leaving the Diamonds North Resources Ltd. web site and that Diamonds North Resources Ltd. is not responsible for the content of any other site.