Nordic Diamonds Ltd.
TSX VENTURE : NDL

Nordic Diamonds Ltd.

January 21, 2008 13:37 ET

Nordic Completes Phase I Drilling Program on Mali Gold Concession

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2008) - Nordic Diamonds Ltd. (TSX VENTURE:NDL) (the "Company" or "Nordic") wishes to announce that Phase I of a Reverse Circulation ("RC") drilling program has been completed on the Company's Boutinguissi Sud gold concession located in Mali, West Central Africa.

Historic soil geochemical sampling and recent sampling undertaken by the Company has identified three large gold soil geochemical anomalies with values up to 1,780ppb. The largest anomaly measures 1,300 meters long and 900 meters wide and has been subject to trenching by the Mali government in 1989.

In order to test the soil gold anomalies, the Company undertook a RC drilling program commencing in mid-November and ending December 23, 2007. The purpose of the drilling program was to determine the presence of mineralized gold zones near surface, the intensity and the approximate orientation of the zones.



Significant gold assays were found in the following profiles:

Profile # Hole # Interval(m) Au(g/t)
----------------------------------------------------------------------------
N4 20 1 (end of hole) 5.1
N5 4 8 4.1
10 8 1.4
12 15 1.2
N6 16 1 (end of hole) 3.5
N7 12 8 (end of hole) 3.5


Broad zones of gold mineralization were intersected in drill holes in
profiles as listed below:

Profile # Hole # Interval(m) Au(g/t)
----------------------------------------------------------------------------
N1 34 25 0.5
N2 17 18 0.5
N3 8 25 0.5
N4 19 42 0.8
N5 7 25 0.8
N5 10 25 0.6
N5 12 25 0.8
N7 12 25 1.2
N8 9 25 0.5


A total of 229 angle holes were drilled at an inclination of minus 50 degrees representing 5,866 meters of drilling. The holes were drilled along eight east-west profiles targeting the most intense soil gold geochemical zones. The drill hole collars were spaced 20 meters apart and the holes were drilled to a constant depth of 25 meters. The close proximity of the angled holes along sections provides a continuous assay profile across the soil geochemical zones.



The following table lists the significant assays drill intersected in the
eight profiles:

----------------------------------------------------------------------------
PROFILE # HOLE # FROM TO INTERVAL ASSAY Au
(m) (m) (m) Au (ppb) g/t
----------------------------------------------------------------------------
N1 25 8 10 2 1076 1.1
34 12 20 8 911 0.9
incl. 12 14 2 1654 1.7
incl. 18 20 2 1627 1.6

N2 8 18 20 2 4440 4.4
9 20 22 2 1007 1.0
10 2 6 4 653 0.6
16 6 10 4 538 0.5
17 10 16 6 810 0.8
incl. 14 16 2 1228 1.2
18 16 20 4 911 0.9
incl. 16 18 2 1159 1.2
19 14 24 10 874 0.9
incl. 16 18 2 1088 1.1
27 16 22 6 804 0.8
incl. 16 18 2 1092 1.1
30 6 14 8 973 1.0
incl. 8 10 2 1631 1.6
34 10 20 10 562 0.6

N3 3 4 12 8 1112 1.1
incl. 8 10 2 2090 2.1

N4 11 8 10 2 1569 1.6
12 18 22 4 789 0.8
incl. 20 22 2 1076 1.1
17 0 8 8 1978 2.0
18 16 18 2 1322 1.3
24 26 2 1857 1.8
19 12 20 8 698 0.7
incl. 18 20 2 1053 1.1
24 28 4 2613 2.6
32 42 10 1134 1.1
incl. 32 36 4 1793 1.8
20 24 25(1) 1 5066 5.1
21 12 16 4 1349 1.3
26 4 10 6 1091 1.1
incl. 4 8 4 1354 1.4

N5 4 4 12 8 4107 4.1
6 20 22 2 3122 3.1
7 6 10 4 2185 2.2
16 20 4 1610 1.6
10 4 12 8 1371 1.4
incl. 6 8 2 3359 3.4
11 12 14 2 3065 3.1
12 10 25 15 1200 1.2
incl. 16 25 9 1427 1.4

N6 7 2 4 2 923 0.9
8 10 12 2 1262 1.3
16 24 25(1) 1 3522 3.5

N7 10 0 2 2 1921 1.9
11 0 4 4 655 0.7
12 10 18 8 3522 3.5

N8 9 2 4 2 1100 1.1
8 10 2 1372 1.4
14 18 4 1127 1.1
10 18 24 6 997 1.0
incl. 18 20 2 1562 1.6
14 20 24 4 710 0.7
23 12 16 4 1212 1.2
24 22 26 4 1162 1.2
incl. 24 26 2 1565 1.6

(1) End of hole


A plan map is posted on the Company's web-site showing the gold soil geochemical anomalies and the drilling profiles.

The Mali Gold Project is in one of Africa's traditional gold mining regions where gold has been mined for hundreds of years. Now, modern exploration techniques have opened up the region to several important producing mines and new discoveries. Nordic is very pleased with its initial drill program and will undertake a next phase of drilling commencing this week. This drilling is designed to further define the discovery zones and to test the depth of mineralization.

This project represents an important diversification for Nordic that nicely complements the Company's diamond, uranium and other metal projects in Canada and Europe.

The Company's Boutounguissi Sud and Aourou concessions are located in western Mali approximately 450 km northwest of the capital Bamako. Nordic has the option to earn a 70% undivided interest in the concessions by paying the Vendors a total of US$1,770,000 in annual installments by March 15, 2011.

The concessions are underlain by Proterozoic Birimian series greenstone rocks comprising volcanic and sedimentary sequences. The Birimian greenstone belt of Mali hosts some of the largest gold deposits in the world including Sadiola, Yatela, Morila, Loulo and Syama that combined contain approximately 35 to 40 million ounces of gold. The Sadiola deposit is located 120 kilometers to the south and the Loulo deposit is located 190 kilometers to the south of the Company's concessions. The gold mines are all open pit operations, comprising an upper saprolitic, oxide zone commonly 100 to 150 meters thick and grading down to a sulphide zone. These deposits generally grade from 1.0 to 4.0 g/t with higher grades in the sulphide areas.

The RC drill samples are transported to and processed at SGS Analabs Mali SARL in Kayes located about 90 kilometers to the south of the property. All services provided by SGS Analabs SARL conform to quality assurance protocol ISO 17025.

Walter Melnyk, P.Eng., President of Nordic Diamonds Ltd., is a Qualified Person as identified by NI 43-101 and is responsible for the design, implementation and quality control of the Company's exploration programs.

ON BEHALF OF THE BOARD OF DIRECTORS

Alvin Jackson, P.Geo, Chairman and CEO

For complete details of this news release and other projects, please visit the Company's website at www.nordicdiamonds.com.

Certain information presented in this release may constitute "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Nordic Diamonds Ltd.
    Alvin Jackson, P.Geo
    Chairman and CEO
    (604) 718-5454
    (604) 646-2054 (FAX)
    Email: info@nordicdiamonds.com
    Website: www.nordicdiamonds.com
    or
    Investor Relations:
    First Canadian Capital Corp.
    (416) 742-5600 or 1-866-580-8891