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DDN Diamonds North Resources Ltd

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Share Name Share Symbol Market Type
Diamonds North Resources Ltd TSXV:DDN TSX Venture Common Stock
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Diamonds North and Uranium North Identify Gold Target Areas on the Poland China Project

04/10/2012 4:05pm

Marketwired Canada


Uranium North Resources Corp (TSX VENTURE:UNR) and Diamonds North Resources
Corp. (TSX VENTURE:DDN) ("the Companies") announce that their U.S subsidiary
Minerals North LLC has completed the first phase of the 2012 exploration program
on the Poland China gold property in Okanogan county, Washington State and that
several target areas have been identified.


A follow up exploration program to better define targets for drill testing has
been initiated. Work plans include mechanical trenching, VLF-EM surveying,
additional prospecting and soil sampling which should be completed by November. 


"Our systematic exploration approach has served well at the Poland China Mine
project. We have identified significant targets in direct proximity of the mine
and other areas on the property that do not appear to have been tested
previously," says Mark Kolebaba, President and CEO of the Companies.


Initial exploration on Poland China included mapping, magnetic surveying and
soil sampling. As a result, at least five bedrock mineralized zones including
historical workings and dumpsites and excluding the main mine workings have been
identified with gold values over 1 g/t gold and as high as 26.8 g/t gold.


Eight gold anomalies in soil have been outlined on parts of the property, three
of which occur in proximity to the known mine, representing possible mineralized
extensions of the Poland China Kismit vein system. A prominent 400 metre
geochemical anomaly with soil samples yielding up to 2.47 g/t gold is a high
priority target.


Mapping has delineated a prominent volcanic/sedimentary contact adjacent to the
Poland China Mine that extends 3 kilometres across the property. Soil samples
collected along parts of the contact show elevated to anomalous gold over more
than 600 metres (anomalous soil values range from 0.01g/t gold to 2.47 g/t
gold).


Historic data recently interpreted, reveals high gold values up to 287 g/t gold
from exploration pits and shafts over an extensive area on the property. Some of
the site locations have been confirmed, however, many have not yet been located.


The Poland China property is 10 kilometres east of the Kinross Buckhorn gold
mine and lies within the same geological formation. The main vein on the Poland
China property is the Kismet vein which is reported to extend for more than 750
metres. Historically only about 100 metres of the vein has been mined. The
Kismet vein averages 2 metres in width and is as wide as 4.5 metres. Mine grades
of 8.22 g/t to 12.7 g/t gold and 13.7 g/t silver have been recorded. Other
mineralized veins reportedly exist on the property, one of which was 2.6 metres
wide and traceable for 1500 metres.


Diamonds North Resources Ltd. and Uranium North Resources Corp. have formed and
jointly own Minerals North LLC, a Nevada registered company with the objective
to explore mineral potential in Washington State. This partnership demonstrates
the Companies' commitment to increasing shareholder value while maintaining low
cost exploration. The Companies are actively seeking joint venture partners for
our northern Canadian projects as they represent significant opportunity.


Graham Gill, P.Geo. and Bruce Kienlen, P.Geol are the Qualified Persons as
defined by National Instrument 43-101 reviewing the data collected and
overseeing the project. All the Minerals North samples were assayed by ALS
Canada Ltd. The soil sample that assayed 2.47 ppm Au is a 0.5 gram aliquot
analyzed by Mass Spectrometer. The historical work is from private historic
reports and has not been verified by the Company, however, it appears to have
been completed under standard best practices consistent with the time and
appears to be of reasonable quality. 


On behalf of the Board of Directors,

Mark Kolebaba, President & CEO

Statements in this press release, other than purely historical information,
including statements relating to the Company's future plans and objectives or
expected results, may include forward-looking statements. Forward-looking
statements are based on numerous assumptions and are subject to all of the risks
and uncertainties inherent in resource exploration and development. As a result,
actual results may vary materially from those described in the forward-looking
statements.


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