Tuesday, June 7, 2011

Diamonds North: Exploring For Large-Scale Drill-Ready Gold Targets in Nunavut

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Diamonds North (TSX.V:DDN) President and C.E.O. Mark Kolebaba gives a short update about the Esker gold project in Nunavut. DDN has high quality grab samples, significant land holdings, and great potential as they look to expand the resource at their Esker project.

About Diamonds North:
Diamonds North Resources Ltd. is engaged in mineral exploration and development with focus on diamond properties in Nunavut and the Northwest Territories.

In 2010 Diamonds North recognized emerging opportunities in the metal markets and leveraged its vast northern database to identify numerous gold, nickel, copper, silver and bismuth targets in an effort to create value for shareholders.

We are currently experiencing a bull market in precious and base metals and to capitalize on this opportunity Diamonds North has drawn from its geological databases to identify precious and base metal opportunities. As a result of our regional search of 300 million acres of off-title land and exploration of 27 million acres of claims and permits, the Company has gained immeasurable amounts of geological data for diamonds as well as other commodities. These databases are owned by the shareholders and it is our duty to realize value for these assets.

Diamonds North remains committed to its goal of discovering an Ekati or Diavik sized diamond deposit and has recently announced the discovery of an innovative exploration tool that has lead to the identification of a new generation of kimberlite targets on Amaruk.

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