VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2011) - Diamonds North Resources Ltd. (News - Market indicators) announces that it has received electro-magnetic (EM) data for the eastern side of the Amaruk Property in the Pelly Bay Diamond District, Nunavut. The data is currently being interpreted for target selection which is expected to be completed within a few weeks.
"For the first time we are able to extract kimberlite targets using EM which could provide a major breakthrough," says Mark Kolebaba, President and CEO of Diamonds North.
This data is believed to penetrate through conductive overburden which covers most of the Amaruk Property. A small test survey completed in 2010 yielded several sizable priority targets, many of which exhibit an association with kimberlite indicator minerals (See news release March 24, 2011).
The Company believes that EM data is extremely important for identifying kimberlite targets in Canada and has played a lead role in discovering economic kimberlites at the Ekati Diamond Mine, Diavik Diamond Mine as well as high value kimberlites at the Gahcho Kue Diamond Project.
In addition to diamond exploration the Company is positioned with several gold projects including the Esker Property. To view a video presentation of the Esker Gold Property, visit our website www.diamondsnorth.com.
Bruce Kienlen (P. Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons as defined by National Instrument 43-101, reviewing this project.
About Diamonds North
Diamonds North Resources Ltd. is rapidly evolving and committed to building long-term value for shareholders through ongoing discoveries and leveraging business opportunities from our vast land holding.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba, President & CEO
Statements in this press release, other than purely historical information, including statement 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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.