Ualliq exploration program is underway

Diamonds North Resources and International Samuel Exploration Corp. announce that the 2008 Ualliq exploration program is underway. A total of 330 airborne geophysical targets have been identified, of which approximately 80 are rated as high to moderate priority. Significantly, 47 of the targets range in size from 2 to 7 hectares.

The Companies have approved a two phase program designed to screen targets ahead of an intensive drilling program. A camp has been established and field work is underway. The Ualliq property is located near Diamond North’s Amaruk discovery in the Pelly Bay Diamond District of Nunavut where 22 kimberlites have been discovered, including the highly diamondiferous Tuktu kimberlite.

The two Companies have adopted an exploration approach similar to the approach taken on the Amaruk property. This year’s plan includes ground geophysics on 60 to 100 airborne geophysical targets. Up to 20 targets will be drill tested to confirm the presence of kimberlite. Any kimberlite intersected will be submitted for microdiamond analysis.

The Ualliq property is advancing much like the Amaruk property did, says Mark Kolebaba, President and CEO of Diamonds North. We are seeing good mineral chemistry and a large number of targets, some with considerable size potential. Based on current data, it is very likely that the Amaruk kimberlite field extends on to the Ualliq property.

Conrad Swanson President of International Samuel states, the Ualliq property benefits from the exploration knowledge gained from over $20 million of diamond exploration on the adjacent Amaruk property. I think we have a great chance for discoveries here.

Source : http://www.diamondsnorthresources.com/

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