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Share Name | Share Symbol | Market | Type |
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International Samuel Exploration Old (Tier2) | TSXV:SAZ | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Diamonds North Resources (TSX VENTURE:DDN) and International Samuel Exploration Corp. (TSX VENTURE:SAZ) announce that the 2008 Ualliq exploration program is underway. A total of 330 airborne geophysical targets have been identified, of which approximately 80 are rated as high to moderate priority. Significantly, 47 of the targets range in size from 2 to 7 hectares. The Companies have approved a two phase program designed to screen targets ahead of an intensive drilling program. A camp has been established and field work is underway. The Ualliq property is located near Diamond North's Amaruk discovery in the Pelly Bay Diamond District of Nunavut where 22 kimberlites have been discovered, including the highly diamondiferous Tuktu kimberlite (see Diamonds North News Release dated May 27, 2008). The two Companies have adopted an exploration approach similar to the approach taken on the Amaruk property. This year's plan includes ground geophysics on 60 to 100 airborne geophysical targets. Up to 20 targets will be drill tested to confirm the presence of kimberlite. Any kimberlite intersected will be submitted for microdiamond analysis. "The Ualliq property is advancing much like the Amaruk property did," says Mark Kolebaba, President and CEO of Diamonds North. "We are seeing good mineral chemistry and a large number of targets, some with considerable size potential. Based on current data, it is very likely that the Amaruk kimberlite field extends on to the Ualliq property." Conrad Swanson, President of International Samuel, states, "The Ualliq property benefits from the exploration knowledge gained from over $20 million of diamond exploration on the adjacent Amaruk property. I think we have a great chance for discoveries here." Bruce Kienlen (P.Geol) and Graham Gill (P. Geo) are Diamonds North's qualified persons reviewing these projects. They are responsible for the design and conduct of the exploration programs and the verification and quality assurance of analytical results. ABOUT DIAMONDS NORTH Diamonds North Resources is the dominant explorer in the Pelly Bay region and is focused on discovering Canada's next diamond mine. The Company is rapidly evolving and committed to building long-term value through ongoing diamond discoveries. ABOUT INTERNATIONAL SAMUEL International Samuel is an active diamond explorer with a drill program planned for the Ualliq property and a VTEM survey on its Reed Lake property located in the prolific Flin Flon mining camp. ON BEHALF OF THE BOARDS OF DIRECTORS Mark Kolebaba, President & CEO Diamonds North Resources Ltd. Conrad Swanson, President & CEO International Samuel Exploration Corp. 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.
1 Year International Samuel Exploration Old (Tier2) Chart |
1 Month International Samuel Exploration Old (Tier2) Chart |
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