Diamonds North Resources Ltd. and International Samuel Exploration Corp.: 326 Targets Identified on Ualliq Property

Diamonds North Resources (TSX VENTURE:DDN) and International Samuel Exploration
Corp. (TSX VENTURE:SAZ), announces that 326 geophysical targets have been
identified on the Ualliq property in the Pelly Bay Diamond District of Nunavut.
The Ualliq property is 20 kilometres from the Qavvik kimberlite cluster on
Diamonds North's 100% owned Amaruk property where 22 kimberlites have been
discovered to date. A total of 79 targets are rated as moderate to high priority
targets and 46 targets range from 2 to 7 hectares in size.


Interpretation of approximately 21,000 line kilometres of detailed airborne
magnetic data has been completed. The survey was flown over an area with
abundant indicator minerals extending over a 60 kilometre area. Many of the
targets have compelling kimberlite indicator mineral support.


"With over 300 targets, compelling mineral chemistry and located adjacent to our
Amaruk property, Ualliq has all of the right ingredients for discovering a new
diamondiferous kimberlite field in the Pelly Bay Diamond District," says Mark
Kolebaba, President & CEO of Diamonds North.


In addition, Diamonds North and International Samuel have entered into an
agreement to form a 50:50 partnership on claims that were recently staked to
form the Ualliq West property. The 250,000 acres of new claims are contiguous
with the Amaruk and Ualliq properties and are less than 15 kilometres from
Diamonds North's Tuktu-1 kimberlite (550 diamonds recovered in 81.75 kilogram
sample, see Diamonds North News Release NR08-01, January 8, 2008). A work
program for these claims is in the planning stage. Diamonds North is the
operator on both the Ualliq and Ualliq West projects


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.


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 diamond explorer with a drill program planned
for Afridi lake property and VTEM survey on its Reed Lake property located in
the prolific Flin Flon mining camp.


ON BEHALF OF THE BOARDS OF DIRECTORS

Mark Kolebaba, President & CEO, Diamonds North Resources Ltd.

Conrad Swanson, President & CEO, International Samuel Exploration Ltd.

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.

International Samuel Exploration Old (Tier2) (TSXV:SAZ)
過去株価チャート
から 12 2024 まで 1 2025