Owner
Post by Franko10 ™ on Sept 20, 2004 9:21:12 GMT -5
North Star reports encouraging results of recent survey on Superior Craton Project
- PR Newswire
BELLINGHAM, WA, Nov 24, 2003 /PRNewswire-FirstCall via Comtex/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) North Star is pleased to report the results of grid preparation and magnetic surveying that took place between Oct. 14 and Oct. 18, 2003.
Spectra Management Corp. was contracted by North Star Diamonds, Inc. to establish grids and conduct total field ground magnetic surveys on four of North Star's Superior Craton Project airborne targets. North Star's claims (26,400 acres) are located in southeastern Manitoba, Canada approximately 80 kilometers east of Winnipeg, MB on Highway No. 1, and 7 kilometers north of the village of Hadishville, MB on Highway No. 11. The Superior Craton property offers high probability for successful diamond exploration and production.
The targets were selected from data contained in 1965 Geological Survey of Canada Geophysical Papers 4067 and 4068. The 1965 data was collected by airborne magnetic surveying at an elevation of 1000 feet (330 meters) above ground and at east/west line spacing of approximately 1000 meters.
The four grids were designed to cover the targets named Shire, Bree, Merry and Gimli. All grids are easily accessible by road, and for the most part are located on farmland.
The four targets exhibit magnetic signatures consistent with dyke-like features, including kimberlite bodies, which have been observed in other parts of western Canada, where successful diamond exploration has occurred. These kimberlite structures and magnetic anomalies are indicative of the strong probability of the presence of diamondiferous deposits.
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 that will be drilled over the next year.
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 its 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
- PR Newswire
BELLINGHAM, WA, Nov 24, 2003 /PRNewswire-FirstCall via Comtex/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) North Star is pleased to report the results of grid preparation and magnetic surveying that took place between Oct. 14 and Oct. 18, 2003.
Spectra Management Corp. was contracted by North Star Diamonds, Inc. to establish grids and conduct total field ground magnetic surveys on four of North Star's Superior Craton Project airborne targets. North Star's claims (26,400 acres) are located in southeastern Manitoba, Canada approximately 80 kilometers east of Winnipeg, MB on Highway No. 1, and 7 kilometers north of the village of Hadishville, MB on Highway No. 11. The Superior Craton property offers high probability for successful diamond exploration and production.
The targets were selected from data contained in 1965 Geological Survey of Canada Geophysical Papers 4067 and 4068. The 1965 data was collected by airborne magnetic surveying at an elevation of 1000 feet (330 meters) above ground and at east/west line spacing of approximately 1000 meters.
The four grids were designed to cover the targets named Shire, Bree, Merry and Gimli. All grids are easily accessible by road, and for the most part are located on farmland.
The four targets exhibit magnetic signatures consistent with dyke-like features, including kimberlite bodies, which have been observed in other parts of western Canada, where successful diamond exploration has occurred. These kimberlite structures and magnetic anomalies are indicative of the strong probability of the presence of diamondiferous deposits.
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 that will be drilled over the next year.
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 its 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
