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Diamonds North Resources And Shear Minerals Ltd. Approve
C$185,000 Exploration Budget For Sakari Project
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To view news release on the Sakari property budget,
click on the following link
http://tinyurl.com/ywxwcv
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Diamonds North Resources And International Samuel Approve
C$1,000,000 Budget For Ualliq Exploration
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Vancouver, April 18, 2007 - Diamonds North Resources (DDN: TSX.V) and
International Samuel Exploration Corp. (TSX-V: SAZ), announce a
C$1,000,000 exploration budget for the Ualliq property located north
and northwest of
Diamond North Resources' Amaruk property in the Pelly
Bay
Diamond District of Nunavut. Encouraging
Diamond indicator minerals
and geophysical survey data suggest a new diamondiferous kimberlite
field may exist on the Ualliq property.
The C$1,000,000 exploration budget approved for 2007 at Ualliq will
include:
- geophysical surveying over the main Ualliq indicator mineral train
- detailed geophysics on up to 50 targets
- drill test up to 12 of the highest priority targets
The Ualliq property is adjacent to Diamonds North's Amaruk property
where high
Diamond counts from the Qavvik kimberlite were recently
announced (515 diamonds recovered from 397 kilograms of kimberlite --
see News Release NR07-07, March 29th, 2007).
The Qavvik kimberlite is located approximately 20 kilometres from the
Ualliq property. Abundant kimberlite indicator minerals recovered from
glacial till on the Ualliq property define several
Diamond prospective
regions, including an area extending for 60-kilometre. The Companies
consider this area prospective for multiple diamondiferous kimberlite
intrusions. To date, 36 targets have been identified from the 2006
airborne survey and range in size up to 6 hectares.
"From the mineral chemistry, number and size of geophysical targets
identified to date, we believe the Ualliq property offers the partner's
and our shareholders a significant discovery opportunity. Our objective
this year is to confirm Ualliq is the newest diamondiferous kimberlite
field in the Pelly Bay
Diamond District" says Mark Kolebaba, President
and CEO of Diamonds North Resources.
To date only the eastern part of the property has been surveyed with
detailed geophysics. Approximately 17,000 line kilometers will be
surveyed in 2007.
Diamonds North Resources is operator on the project with International
Samuel earning a 30% interest in the property by incurring C$3 million
in expenditures over four years. In addition, for each of the first
four kimberlite bodies discovered on the property, International Samuel
shall issue 250,000 common shares to Diamonds North. (See News Release
06-26, August 2, 2006).
Mr. Bruce Kienlen (P.Geol) is Diamonds North's Qualified Person for the
project as defined under NI 43-101.
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 2007
exploration programs planned for their Churchill West and Afridi lake
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 Ltd.
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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Copyright (c) 2007 DIAMONDS NORTH RESOURCES LTD. (DDN) All rights
reserved. For more information visit our website at
http://www.diamondsnorth.com/ or send mailto:info@diamondsnorth.com
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