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Feb 19, 2013: Amalgamation of Uranium North and Diamonds North Complete; Adamera Minerals Corp to Begin Trading more...
Feb 08, 2013: Diamonds North and Uranium North Shareholders Approve Amalgamation more...
Dec 05, 2012: Uranium North and Diamonds North Agree to a Strategic Business Amalgamation more...
Nov 29, 2012: Diamonds North and Uranium North Report Trenching Yields 20 g/t Gold over 1.5 metres on Washington Gold Project more...
Oct 23, 2012: Diamonds North and Uranium North Report Acquisition of Talisman Copper-Silver Mine more...
Oct 18, 2012: Diamonds North and Uranium North Report High Gold and Silver Values at Empire Creek Property more...
Oct 11, 2012: Diamonds North and Uranium North Announce Trenching Commences on the Poland China Gold Project more...
Oct 04, 2012: Gold Target Areas Identified on the Poland China Project more...
Sep 18, 2012: Diamonds North And Uranium North To Evaluate Gold Potential Of The Alder Mine In Washington State more...
Aug 14, 2012: Diamonds North And Uranium North Complete Work On The Golden Reward Project more...
Jul 26, 2012: Diamonds North and Uranium North Commence Exploration Program on Empire Creek more...
Jul 18, 2012: Diamonds North and Uranium North Acquire Gold Property in Washington State, Exploration is Underway more...
Jun 13, 2012: Diamonds North Continues to Build a Postion in Washington State with Additional Gold Asset more...
Jun 07, 2012: Diamonds North Begins Exploration Program on the Poland China Gold Project in Washington State more...
Jun 01, 2012: Diamonds North and Uranium North to Present Washington Gold Projects at the World Resource Investment Conference more...
May 31, 2012: Diamonds North and Uranium North Acquire Gold Projects in Washington State more...
Mar 02, 2012: Diamonds North Copper-Silver IOCG Video Presentation & Exhibiting at PDAC Booth 2322 more...
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| | December 05, 2007
Ualliq Project Update
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| | Vancouver, December 5th 2007 - Diamonds North Resources (DDN: TSX.V) and International Samuel Exploration Corp. (TSX-V: SAZ), announce over 100 kimberlite targets have been identified on the Ualliq project in the Pelly Bay Diamond District of Nunavut.
The Ualliq property is adjacent to Diamonds North's Amaruk property where 22 kimberlites have been discovered to date including the highly diamondiferous Qavvik kimberlite. A 397 kilogram sample from Qavvik, which is 20 kilometres from Ualliq, yielded 515 diamonds (see News Release NR07-07, March 29th, 2007).
Abundant kimberlite indicator minerals recovered from glacial till on the Ualliq property define several prospective areas for kimberlite. The main kimberlite indicator anomaly extends for 60-kilometres and is considered prospective for multiple diamondiferous kimberlite intrusions.
The partners completed over 20,000 line kilometres of high resolution magnetic airborne surveying over the properties in late August 2007. The survey focused over the main kimberlite indicator mineral anomaly. Due to the late completion date of the survey, only 30-40% of the geophysical data has been reviewed. The majority of the airborne survey was flown at 100 metre line spacing while 50 metre line spacing was conducted in two areas of interest. Final interpretation and drill target selection of the entire dataset will be completed over the next few months in preparation for the 2008 season.
From an initial review of the data several targets were selected for testing, however, time only permitted drill testing of seven targets with an RC drill prior to the end of the field season in September. No kimberlite was intersected. Numerous targets remain to be tested. The Companies are planning for an extensive drill program to test 20 to 30 targets.
This program was part of an approved $1,000,000 exploration program for 2007. The Ualliq project is located in the Pelly Bay District of Nunavut and Diamonds North is the project operator. International Samuel Exploration Corp. has an option to earn up to 30% interest in the property (See News Release 06-26, August 2006).
G. Gill (P. Geo) and B. Kienlen (P. Geol) are Diamonds North's Qualified Persons, as defined under NI 43-101, responsible for project design and data review on this project.
ABOUT DIAMONDS NORTH
Diamonds North Resources is the dominant explorer in the Pelly Bay region and 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.
ABOUT INTERNATIONAL SAMUEL
International Samuel is an active explorer with 2007/2008 exploration programs planned for their Churchill West, Afridi lake and Flin Flon properties, in addition to the Diamonds North projects.
ON BEHALF OF THE BOARDS OF DIRECTORS
Mark Kolebaba
President & CEO
Diamonds North Resources Ltd.
Conrad Swanson
President & CEO
International Samuel Exploration Corp.
For further information, please contact:
Corporate Communications: Nancy Curry
Diamonds North Resources Ltd.
Telephone: (604) 689-2010
Facsimile: (604) 484-7143
Website: www.diamondsnorth.com
Email: info@diamondsnorth.com
Investor Relations : Doug Kerr,
International Samuel Exploration Corp.
Telephone: 604-718-5454
Toll Free: 1-888-500-4587
Facsimile: 604-646-2054
Website: www.internationalsamuel.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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. |
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