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Post by Franko10 ™ on Aug 30, 2005 14:42:21 GMT -5
NSDM Announces Phase 4 Joint Drilling Program Agreement With U.S. Canadian Minerals, Inc.
BELLINGHAM, WA, Aug 30, 2005 /PRNewswire-FirstCall via COMTEX/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) is pleased to announce it has reached a joint drilling program agreement with U.S. Canadian Minerals, Inc. (Pink Sheets: USCA) for Phase 4 (Whitemouth Lake).
Diamond exploration on Phase 4 (Whitemouth Lake) will begin with geophysical work followed by a drill program on three targets. USCA will initially earn 20% of the joint drilling program, 50% by spending $500,000 US on further development, and 80% ownership for bringing the site into production. USCA has also issued 139,534 shares of stocks to North Star Diamonds Inc. and will pay for all exploration and drilling costs while North Star Diamonds Inc. will continue to be operator of the project. Walter Stunder, President and CEO of NSDM, and Rendal Williams, President of USCA, will be traveling to Manitoba to meet with the geologist and drillers as well as government officials.
"We are pleased to have USCA and Rendal Williams take an active role in the Manitoba diamond exploration project," stated Walter Stunder, "Mr. Williams has previous diamond exploration near this area and is an asset to the project."
Drilling will commence as soon as geophysical work is complete and drilling equipment is available.
DIAMOND DISCOUNTS
NSDM is pleased to extend the diamond discount to U.S. Canadian Minerals, Inc. shareholders. Please call us at 877-454-7872 or email us at sales@northstardiamonds.net for further information. Marina Chakharian, NSDM's diamond consultant, will be happy to assist you with your purchase.
ABOUT NORTH STAR DIAMONDS, INC.
North Star Diamonds, Inc. is a diamond exploration and diamond sales company. The Company holds 117,820 acres of strategically acquired diamond claims mostly in the Southern Manitoba area of Canada. The company markets diamonds in Canada and the United States. North Star Diamonds, Inc. has offices in Bellingham, WA and Vancouver, BC. www.northstardiamonds.net
CONTACT: Toll Free: 1-877-454-7872, or
Email: contact@northstardiamonds.net
Walter Stunder, President
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Disclaimer: This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of North Star Diamonds Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE North Star Diamonds Inc.
CONTACT: Toll Free: 1-877-454-7872, or Email: contact@northstardiamonds.net
URL: www.prnewswire.com
www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
BELLINGHAM, WA, Aug 30, 2005 /PRNewswire-FirstCall via COMTEX/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) is pleased to announce it has reached a joint drilling program agreement with U.S. Canadian Minerals, Inc. (Pink Sheets: USCA) for Phase 4 (Whitemouth Lake).
Diamond exploration on Phase 4 (Whitemouth Lake) will begin with geophysical work followed by a drill program on three targets. USCA will initially earn 20% of the joint drilling program, 50% by spending $500,000 US on further development, and 80% ownership for bringing the site into production. USCA has also issued 139,534 shares of stocks to North Star Diamonds Inc. and will pay for all exploration and drilling costs while North Star Diamonds Inc. will continue to be operator of the project. Walter Stunder, President and CEO of NSDM, and Rendal Williams, President of USCA, will be traveling to Manitoba to meet with the geologist and drillers as well as government officials.
"We are pleased to have USCA and Rendal Williams take an active role in the Manitoba diamond exploration project," stated Walter Stunder, "Mr. Williams has previous diamond exploration near this area and is an asset to the project."
Drilling will commence as soon as geophysical work is complete and drilling equipment is available.
DIAMOND DISCOUNTS
NSDM is pleased to extend the diamond discount to U.S. Canadian Minerals, Inc. shareholders. Please call us at 877-454-7872 or email us at sales@northstardiamonds.net for further information. Marina Chakharian, NSDM's diamond consultant, will be happy to assist you with your purchase.
ABOUT NORTH STAR DIAMONDS, INC.
North Star Diamonds, Inc. is a diamond exploration and diamond sales company. The Company holds 117,820 acres of strategically acquired diamond claims mostly in the Southern Manitoba area of Canada. The company markets diamonds in Canada and the United States. North Star Diamonds, Inc. has offices in Bellingham, WA and Vancouver, BC. www.northstardiamonds.net
CONTACT: Toll Free: 1-877-454-7872, or
Email: contact@northstardiamonds.net
Walter Stunder, President
-------------------------------------------------------------------------
Disclaimer: This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of North Star Diamonds Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE North Star Diamonds Inc.
CONTACT: Toll Free: 1-877-454-7872, or Email: contact@northstardiamonds.net
URL: www.prnewswire.com
www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
