Post by Franko10 ™ on Sept 19, 2004 9:49:02 GMT -5
North Star Diamonds, Inc.: Micro-diamonds Discovered on Zubkovich, Ukraine Property
- BusinessWire
BELLINGHAM, Wash., Sep 2, 2003 (BUSINESS WIRE) -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM). North Star Diamonds, Inc. is pleased to report that the Company has received initial exploration results from field work carried out on the 6 square kilometer Zubkovich area property.
The property is in the northeastern part of the Novograd-Volinsk area and is distinguished by a number of circular geologic structures and a halo of diamond indicator minerals found in the alluvium of the Uborth River and its tributaries.
Field work continues over geophysical anomalies that are magnetic lows or magnetically neutral. Soil samples over these anomalies have been taken at various depths, ranging from 15 to 40 meters. From these mechanically drilled holes, over 500 samples were acquired and sent for laboratory analysis. To date, 80 samples have been studied from 15 previously drilled holes.
In 4 holes, samples of re-deposited weathered mafic and ultramafic rock have been found. In addition to diamond indicator minerals, 4 micro-diamonds (diamonds less than .1 mm in size) have been found. The indicator minerals have been sent for laboratory analysis and are expected to be competed shortly. Drilling is continuing on the Zubkovich property with the aim of locating the kimberlite source of the micro-diamonds.
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.
Walter Stunder, President
SOURCE: North Star Diamonds Inc.
North Star Diamonds Inc.
Walter Stunder, 877-454-7872
http://www.northstardiamondsinc..com
www.businesswire.com
- BusinessWire
BELLINGHAM, Wash., Sep 2, 2003 (BUSINESS WIRE) -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM). North Star Diamonds, Inc. is pleased to report that the Company has received initial exploration results from field work carried out on the 6 square kilometer Zubkovich area property.
The property is in the northeastern part of the Novograd-Volinsk area and is distinguished by a number of circular geologic structures and a halo of diamond indicator minerals found in the alluvium of the Uborth River and its tributaries.
Field work continues over geophysical anomalies that are magnetic lows or magnetically neutral. Soil samples over these anomalies have been taken at various depths, ranging from 15 to 40 meters. From these mechanically drilled holes, over 500 samples were acquired and sent for laboratory analysis. To date, 80 samples have been studied from 15 previously drilled holes.
In 4 holes, samples of re-deposited weathered mafic and ultramafic rock have been found. In addition to diamond indicator minerals, 4 micro-diamonds (diamonds less than .1 mm in size) have been found. The indicator minerals have been sent for laboratory analysis and are expected to be competed shortly. Drilling is continuing on the Zubkovich property with the aim of locating the kimberlite source of the micro-diamonds.
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.
Walter Stunder, President
SOURCE: North Star Diamonds Inc.
North Star Diamonds Inc.
Walter Stunder, 877-454-7872
http://www.northstardiamondsinc..com
www.businesswire.com