Uranium North and Diamonds North Commence Exploration Program on Empire Creek

Diamonds North Resources Ltd. (TSX VENTURE:DDN) Uranium North Resources Corp.
(TSX VENTURE:UNR) ("the "Companies") announces the surface exploration program
is underway on the Empire Creek gold project in Ferry County, Washington State.
In addition, a land use permit for specific drill targets has been approved by
the US Department of Interior, Bureau of Land Management (BLM).


"Prior to starting our surface exploration program at Empire Creek, the
companies proactively applied for a land use permit to drill preliminary
targets. Approval for this drilling within only a few months of the original
application gives us a great deal of confidence that Washington State is open to
responsible mineral exploration," says Mark Kolebaba, President and CEO of
Uranium North and Diamonds North Resources. 


The initial exploration program on Empire Creek includes geological mapping,
geophysical surveys and geochemical sampling. The 2012 data will be used to
reassess the historic data and to better define targets for possible drilling. 


Historic reports suggest that higher grade gold values are associated with areas
containing increased magnetite, silica, carbonate and sulfide concentrations.
These areas, and any newly found zones with similar attributes will be focused
upon during the sampling and geological phases of the program. Results from the
preliminary program will be important in designing future geophysical and
possible drill programs. Additionally, several splay and parallel fault zones
have been identified from topographic and landsat data from the property which
are similar to epithermal gold related structures in the area. 


Empire Creek is located 10 kilometres south of the K2 mine and 20 kilometres
from the Kinross Kettle River Mill. Both Empire Creek and the K2 gold mine are
hosted within the Republic Graben structure. The Republic District has
reportedly produced well over 2.8 million ounces of gold and 15 million ounces
of silver through to 1994. 


Highlights from previous trenching programs at Empire Creek include results as
high as 39.8 g/t gold over three metres and a drill intercept assaying as high
as 12.1 g/t gold with 150 g/t silver over 18.3 metres. (See news release dated
June 13, 2012) These occurrences are related to replacement style
mineralization. Epithermal style mineralization similar to the K2 gold mine is
also a target. 


The permit has been received by the companies' subsidiary Minerals North for
final signature. The Empire Creek property has a 0.25% royalty payable to a
consulting geologist. The royalty may be purchased at any time for the value of
300 ounces of gold. 


Diamonds North Resources Ltd. and Uranium North Resources Corp. have formed and
jointly own Minerals North LLC, a Nevada registered company with the objective
to explore mineral potential in Washington State. This partnership demonstrates
the Companies' commitment to increasing shareholder value while maintaining low
exploration costs. The Companies are actively seeking joint venture partners for
our northern Canadian projects as they represent significant opportunity.


Graham Gill, P.Geo and Bruce Kienlen, P.Geol will be the Qualified Persons as
defined by National Instrument 43-101 reviewing the data collected and
overseeing the project. All data is from historical private reports and has not
been verified by the Company, however, it appears to have been completed under
standard best practices consistent with the time and appears to be of reasonable
quality. 


On behalf of the Board of Directors.

Mark Kolebaba, President & CEO



For "Our Perspective" on this release please visit our websites:            
http://www.diamondsnorth.com/                                               
http://www.uraniumnorth.com/                                                



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. Grams per tonne are noted as g/t. All dollar amounts are expressed
in Canadian dollars, unless otherwise specified.

Diamonds North Resources Ltd (TSXV:DDN)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024