Post by Franko10 ™ on Sept 19, 2004 9:59:45 GMT -5
North Star Diamonds increases claims on Superior Craton Project
- PR Newswire
BELLINGHAM, WA, Nov 6, 2003 /PRNewswire-FirstCall via COMTEX/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM). North Star Diamonds, Inc. is pleased to report that the Company has added an additional 10,000 acres to the previous claim block on the Superior Craton Project. The new land position now covers approximately 26,400 acres of prospective diamond claims.
North Star's President, Mr. Walter Stunder states: "the decision to stake additional claims which increases the Project's land position by an additional 33% was based on the promising data received on the recently completed ground geophysical survey. The magnetic survey revealed many classic kimberlite signatures and the presence of well defined targets for drilling."
In a News Release dated November 4th, the Company stated that the locations for the first four drill targets have been identified and are now being permitted for drilling in the upcoming winter program, expected to commence on or before the beginning of December subject to favorable weather conditions. These four initial targets represent Phase 1 of a total of 12 high priority magnetic anomalies associated to a major north-south structure located at the western margin of the Superior Craton which will be drilled over the next year.
North Star's claims (26,400 acres) are located in southeastern Manitoba, Canada where during the 1990's, positive diamond indicator minerals were discovered in the area by the Geological Survey of Canada. North Star staked an initial cluster of magnetic anomalies in proximity to these diamond indicators.
North Star Diamonds, Inc. is committed to a long-range plan for diamond exploration and feels that with the Superior Craton Project and the assets in Ukraine, North Star is focused on establishing the Company as a true world explorer in search for diamonds.
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.
CONTACT: Toll Free: 877-454-7872 or
Email: contact@northstardiamondsinc.com
Walter Stunder, President.
SOURCE North Star Diamonds, Inc.
Toll Free: 877-454-7872 or Email:
contact@northstardiamondsinc.com
(NSDM)
Copyright (C) 2003 PR Newswire. All rights reserved.
- PR Newswire
BELLINGHAM, WA, Nov 6, 2003 /PRNewswire-FirstCall via COMTEX/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM). North Star Diamonds, Inc. is pleased to report that the Company has added an additional 10,000 acres to the previous claim block on the Superior Craton Project. The new land position now covers approximately 26,400 acres of prospective diamond claims.
North Star's President, Mr. Walter Stunder states: "the decision to stake additional claims which increases the Project's land position by an additional 33% was based on the promising data received on the recently completed ground geophysical survey. The magnetic survey revealed many classic kimberlite signatures and the presence of well defined targets for drilling."
In a News Release dated November 4th, the Company stated that the locations for the first four drill targets have been identified and are now being permitted for drilling in the upcoming winter program, expected to commence on or before the beginning of December subject to favorable weather conditions. These four initial targets represent Phase 1 of a total of 12 high priority magnetic anomalies associated to a major north-south structure located at the western margin of the Superior Craton which will be drilled over the next year.
North Star's claims (26,400 acres) are located in southeastern Manitoba, Canada where during the 1990's, positive diamond indicator minerals were discovered in the area by the Geological Survey of Canada. North Star staked an initial cluster of magnetic anomalies in proximity to these diamond indicators.
North Star Diamonds, Inc. is committed to a long-range plan for diamond exploration and feels that with the Superior Craton Project and the assets in Ukraine, North Star is focused on establishing the Company as a true world explorer in search for diamonds.
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.
CONTACT: Toll Free: 877-454-7872 or
Email: contact@northstardiamondsinc.com
Walter Stunder, President.
SOURCE North Star Diamonds, Inc.
Toll Free: 877-454-7872 or Email:
contact@northstardiamondsinc.com
(NSDM)
Copyright (C) 2003 PR Newswire. All rights reserved.