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Post by Franko10 ™ on Sept 20, 2004 9:24:42 GMT -5
North Star reports successful drill results in Ukraine with findings of micro and macro diamonds
- PR Newswire
BELLINGHAM, WA, Dec 09, 2003 /PRNewswire-FirstCall via Comtex/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) North Star Diamonds is pleased to report positive results on the summer Ukraine drill program on the Zubkovich area property.
President, Walter Stunder, who has just returned from Ukraine, reports that the summer drill program is now complete and, based on initial laboratory results, was a success. An enriched diamond-bearing zone exists immediately above the bedrock on the Zubkovich area property. This area will be the focus of further exploration efforts and the Company is very optimistic about further positive results.
Out of eight holes drilled, six were diamondiferous, indicating a very high 75% success rate. A total of 141 diamonds were recovered - 136 micro diamonds and 5 macro diamonds varying in size between 1 mm and 2.5mm, the largest just under 2.5 mm. A small amount of lab work remains unfinished. Final laboratory results are expected within four to six weeks. Additional high chrome quality G10 garnets, angular in shape, were found indicating that they had not traveled very far from source.
Further ground magnetic surveys and till sampling are now underway. Future drilling programs are expected to include more positive anomalies in adjacent areas.
Industry leader De Beers continues to show strong interest in Ukraine, as they have attended various area conferences and assisted in the publication of a book on "The Prognosis and Exploration of Diamondiferous Kimberlite in Ukraine.
Additionally, North Star management is very positive about their upcoming drill program in Manitoba. The Company has selected the drilling company and is signing the contract this week to commence drilling, which is expected to start December 15th. North Star's targets indicate classic kimberlite signatures on this property.
The first four initial drill targets, the Shire, Merry, Bree and Gimli 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.
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
- PR Newswire
BELLINGHAM, WA, Dec 09, 2003 /PRNewswire-FirstCall via Comtex/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) North Star Diamonds is pleased to report positive results on the summer Ukraine drill program on the Zubkovich area property.
President, Walter Stunder, who has just returned from Ukraine, reports that the summer drill program is now complete and, based on initial laboratory results, was a success. An enriched diamond-bearing zone exists immediately above the bedrock on the Zubkovich area property. This area will be the focus of further exploration efforts and the Company is very optimistic about further positive results.
Out of eight holes drilled, six were diamondiferous, indicating a very high 75% success rate. A total of 141 diamonds were recovered - 136 micro diamonds and 5 macro diamonds varying in size between 1 mm and 2.5mm, the largest just under 2.5 mm. A small amount of lab work remains unfinished. Final laboratory results are expected within four to six weeks. Additional high chrome quality G10 garnets, angular in shape, were found indicating that they had not traveled very far from source.
Further ground magnetic surveys and till sampling are now underway. Future drilling programs are expected to include more positive anomalies in adjacent areas.
Industry leader De Beers continues to show strong interest in Ukraine, as they have attended various area conferences and assisted in the publication of a book on "The Prognosis and Exploration of Diamondiferous Kimberlite in Ukraine.
Additionally, North Star management is very positive about their upcoming drill program in Manitoba. The Company has selected the drilling company and is signing the contract this week to commence drilling, which is expected to start December 15th. North Star's targets indicate classic kimberlite signatures on this property.
The first four initial drill targets, the Shire, Merry, Bree and Gimli 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.
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
