Post by Franko10 ™ on Sept 19, 2004 9:45:26 GMT -5
North Star Diamonds, Inc.: Detailed Geophysical Survey Completed at Glumchansk Ukraine Lamproite-Further Drill Targets Defined
- BusinessWire
BELLINGHAM, Wash., Aug 18, 2003 (BUSINESS WIRE) -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM). North Star Diamonds, Inc. is pleased to report that the Company has now completed a detailed scale aeromagnetic survey of the Glumcha area in Western Ukraine. This project is the most detailed work to date of this particular portion. Mapping at a scale of 1:10,000 when fully compiled and interpreted will be critical to the selection of further drill targets.
The Company recently announced the confirmation of lamproite on the Glumcha Structure (see News Release August 14) and the intention to drill a further minimum nine holes. This drilling will now commence based on the new information provided by the survey. The confirmation of lamproite is an important as these rocks are a potentially diamond bearing type of ultramafic rock closely related to kimberlite.
With the additional geophysical data combined with ground field exploration under way since May, the Company has now further refined and defined the exact locations of the nine (9) drill targets. Mapping has confirmed the size and dimension of the lamproite at the Glumcha Structure.
North Star Diamonds is a rapidly-growing company focused on the discovery of commercial diamond deposits in Ukraine. North Star Diamonds has exceptional land holdings and a highly skilled management and technical team respected for breaking new ground in the highly competitive diamond industry. The Company's shares trade on the OTC Pink Sheets under the symbol NSDM.
Further information on North Star's Ukrainian diamond projects can be found on the Company's website at www.northstardiamondsinc.com.
Disclaimer: The Company relies upon the safe Harbor Laws of 1993, 1934, and 1995 for all public news releases Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
SOURCE: North Star Diamonds, Inc.
North Star Diamonds, Inc.
Walter Stunder, 877-454-7872 (Toll Free)
Website: www.northstardiamondsinc.com
www.businesswire.com
- BusinessWire
BELLINGHAM, Wash., Aug 18, 2003 (BUSINESS WIRE) -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM). North Star Diamonds, Inc. is pleased to report that the Company has now completed a detailed scale aeromagnetic survey of the Glumcha area in Western Ukraine. This project is the most detailed work to date of this particular portion. Mapping at a scale of 1:10,000 when fully compiled and interpreted will be critical to the selection of further drill targets.
The Company recently announced the confirmation of lamproite on the Glumcha Structure (see News Release August 14) and the intention to drill a further minimum nine holes. This drilling will now commence based on the new information provided by the survey. The confirmation of lamproite is an important as these rocks are a potentially diamond bearing type of ultramafic rock closely related to kimberlite.
With the additional geophysical data combined with ground field exploration under way since May, the Company has now further refined and defined the exact locations of the nine (9) drill targets. Mapping has confirmed the size and dimension of the lamproite at the Glumcha Structure.
North Star Diamonds is a rapidly-growing company focused on the discovery of commercial diamond deposits in Ukraine. North Star Diamonds has exceptional land holdings and a highly skilled management and technical team respected for breaking new ground in the highly competitive diamond industry. The Company's shares trade on the OTC Pink Sheets under the symbol NSDM.
Further information on North Star's Ukrainian diamond projects can be found on the Company's website at www.northstardiamondsinc.com.
Disclaimer: The Company relies upon the safe Harbor Laws of 1993, 1934, and 1995 for all public news releases Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
SOURCE: North Star Diamonds, Inc.
North Star Diamonds, Inc.
Walter Stunder, 877-454-7872 (Toll Free)
Website: www.northstardiamondsinc.com
www.businesswire.com