Diamonds North Resources Ltd.
TSX VENTURE : DDN

Diamonds North Resources Ltd.

August 08, 2011 11:20 ET

Diamonds North Begins Diamond and Gold Exploration at Amaruk

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 8, 2011) - Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces that the 2011 exploration program has been initiated on the Amaruk Property in Nunavut. The program will focus on top priority gold prospects as well as follow-up of a new generation of kimberlite targets identified from electro-magnetic (EM) airborne data.

"We are excited to begin our exploration program this year on Amaruk. This prospecting and sampling program is intended to demonstrate high gold values as well as increase our confidence in targeting kimberlite using EM prior to drilling," says Mark Kolebaba President and CEO of Diamonds North.

Diamond exploration on the property will primarily include detailed till sampling in close proximity to high-priority targets identified from the EM data recently received (See news release July 19, 2011). The EM data is believed to penetrate through conductive overburden which covers most of the Amaruk property. Several sizable priority targets, many of which exhibit an association with kimberlite indicator minerals, have been identified and require follow-up sampling.

EM data has been extremely important for 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, extensive prospecting and sampling around priority gold prospects such as Far East and DEL will be conducted with the intention of extending the known prospects and increasing the sample grades.

Rock samples collected from the 15 kilometre long DEL showing returned grab samples up to 4.16 g/T gold and chip samples up to 1.20 g/T gold over 3.0 metres (See news release October 25, 2010). Surface exposure is limited with less than 10% of the iron formation exposed; therefore a small, hand-held drill will be utilized to test sub-surface areas around the DEL prospect.

Initial prospecting at the Far East showing led to the identification of an extensive area with anomalous gold and silver including rock samples with 2.66 g/T gold and 1.19 g/T gold with 49.5 g/T silver. Within similar rocks 1500 metres to the south of the main Far East showing, additional mineralization was identified where samples returned 24.9 g/T silver and 0.126 g/T gold (See news release November 30, 2010).

The Company is also actively exploring for gold in Southern Nunavut on 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 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 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.

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

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