Owner
Post by Franko10 ™ on Nov 18, 2004 9:17:26 GMT -5
NSDM announces $500,000 diamond exploration program for Manitoba
11/18/2004 10:00:00 AM
BELLINGHAM, WA, Nov 18, 2004 /PRNewswire-FirstCall via COMTEX/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM), is in the final stages of selecting joint venture partners for the Manitoba diamond exploration program.
This program calls for $500,000.00 being spent on exploration before November 30, 2005. All the funds will be provided by the joint venture partners. Attracting joint venture partners is part of NSDMs strategy to add value to its diamond claims minimizing share dilution to its shareholders. NSDM will remain as the operating company for the exploration programs. The joint venture partners will be announced as the contractual formalities are concluded and regulatory approval is obtained.
Walter Stunder is attending the Manitoba Mining and Minerals Convention which is being held in Winnipeg from November 18th to the 20th. Of particular interest is the presentation by Dr. Harvey Thorleifson on the diamond indicator minerals of Western Manitoba, the area where NSDM has several diamond exploration programs.
Also, contracts for several more phases of geophysical work will be put out for tender. The average cost of each phase is in the vicinity of $10,000 to $15,000.00. Mr. Stunder will also be meeting with the diamond drilling contractors to determine the costs and availability of the drills. Drilling will commence when the ground is frozen which under normal conditions is mid December.
NSDM has located the claims using Computer Enhanced Geophysical Graphics, which is very useful in discovering kimberlite pipes and therefore Mr. Stunder is very optimistic in discovering diamonds in Manitoba. Mr. Stunder states "If there are diamonds in Manitoba, we will find them."
For further information on NSDM, visit www.northstardiamonds.net
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: 1-877-454-7872, or Email:
contact@northstardiamonds.net
Walter Stunder, President North Star Diamonds, Inc.
SOURCE North Star Diamonds, Inc.
Toll Free: 1-877-454-7872, or Email:
contact@northstardiamonds.net
(NSDM)
Copyright (C) 2004 PR Newswire. All rights reserved.
11/18/2004 10:00:00 AM
BELLINGHAM, WA, Nov 18, 2004 /PRNewswire-FirstCall via COMTEX/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM), is in the final stages of selecting joint venture partners for the Manitoba diamond exploration program.
This program calls for $500,000.00 being spent on exploration before November 30, 2005. All the funds will be provided by the joint venture partners. Attracting joint venture partners is part of NSDMs strategy to add value to its diamond claims minimizing share dilution to its shareholders. NSDM will remain as the operating company for the exploration programs. The joint venture partners will be announced as the contractual formalities are concluded and regulatory approval is obtained.
Walter Stunder is attending the Manitoba Mining and Minerals Convention which is being held in Winnipeg from November 18th to the 20th. Of particular interest is the presentation by Dr. Harvey Thorleifson on the diamond indicator minerals of Western Manitoba, the area where NSDM has several diamond exploration programs.
Also, contracts for several more phases of geophysical work will be put out for tender. The average cost of each phase is in the vicinity of $10,000 to $15,000.00. Mr. Stunder will also be meeting with the diamond drilling contractors to determine the costs and availability of the drills. Drilling will commence when the ground is frozen which under normal conditions is mid December.
NSDM has located the claims using Computer Enhanced Geophysical Graphics, which is very useful in discovering kimberlite pipes and therefore Mr. Stunder is very optimistic in discovering diamonds in Manitoba. Mr. Stunder states "If there are diamonds in Manitoba, we will find them."
For further information on NSDM, visit www.northstardiamonds.net
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: 1-877-454-7872, or Email:
contact@northstardiamonds.net
Walter Stunder, President North Star Diamonds, Inc.
SOURCE North Star Diamonds, Inc.
Toll Free: 1-877-454-7872, or Email:
contact@northstardiamonds.net
(NSDM)
Copyright (C) 2004 PR Newswire. All rights reserved.
