Diamonds North Resources Ltd.

Diamonds North Resources Ltd.

May 06, 2009 08:00 ET

Diamonds North to Drill Up to 30 Targets and Collect a Mini-Bulk Sample From Beluga 3 on Amaruk

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2009) - Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces plans to drill test up to 30 new kimberlite targets and collect a mini-bulk sample from the Beluga 3 kimberlite on its 100% owned Amaruk property in the Pelly Bay Diamond District of Nunavut.

The collection of 5 to 10 tonnes of kimberlite from the Beluga 3 kimberlite is a priority. The 1.07 tonne Beluga 3 sample processed by dense media separation (DMS) yielded a diamond grade of 0.2 carats per tonne. This is highly encouraging considering the sample size is very small and the grade is considerably higher than other kimberlite bodies tested to date on the property (see New Release NR09-05, April 29th, 2009). In addition to the improved grade, diamond fragments recovered on the 1.18mm screen indicate the presence of larger stones.

As part of the Company's re-focused targeting initiative, the mineral chemistry and geophysical characteristics of known kimberlites from the entire property have been re-evaluated. The Beluga 3 kimberlite which shows improved diamond grades and potential for larger diamonds has a subtle magnetic signature. The Company will test the possibility that kimberlites with more subtle magnetic signatures may potentially carry higher diamond concentrations.

A diamond stability field more than 25 kilometre thick has been estimated below Amaruk. This is based on a calculated minimum pressure and estimated temperature of pyrope garnet grains recovered from till samples across the property. This compares favourably with the diamond stability field beneath the Lac de Gras kimberlite field and reconfirms the potential for Amaruk.

"After completing this intensive data review for Amaruk, we continue to recognize similarities to the Ekati Diamond Mine. We know a diamond enriched mantle exists under the project area, and we remain confident that our targeting has the ability to lead us to kimberlites that have sampled the mantle more effectively and carry large diamonds," says Mark Kolebaba, President & CEO of Diamonds North.

On Amaruk, the Company continues to refine how targets are defined. To date, hundreds of anomalies have been identified. In 2009, the focus will be on testing anomalies with subtle magnetic signatures and on those with till samples containing mineral chemistry suggesting significant sampling of the diamond stability field.

This is a significant drill program for which the Company is completely financed. Nearly all equipment is on site including drilling equipment, fuel and camp allowing for an inexpensive startup. The program is expected to commence in June.

Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing this project. They are responsible for the design and conduct of exploration programs and the verification and quality assurance of analytical results.

Diamonds North Resources is focused on discovering Canada's next diamond mine. The Company is rapidly evolving and committed to building long-term value through ongoing diamond discoveries.

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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