
Diamonds North Resources Limited has announced the identification of 22 target areas for nickel mineralization and the continuation of the MMG funded nickel exploration program on the Amaruk property in Nunavut with an approved budget of USD 1.65 million for 2011.
The 2011 exploration program will commence with a geophysical survey utilizing the airborne electromagnetic AeroTEM system. Areas with mafic ultramafic intrusions and/or anomalous nickel and copper in till will be targeted with the AeroTEM survey. Targets identified by prospecting during the 2010 field program, and any new targets identified in 2011 programs will be followed up and, if warranted, drill tested. A core drill is situated on the property for future drill testing.
Mr Mark Kolebaba president & CEO of Diamonds North said that "Amaruk is a new district scale nickel prospect and MMG's investment in the project allows for the continued advancement towards our objective of drilling at no cost to our shareholders."
In 2010, MMG funded a USD 2.25 million exploration program that led to the identification of an additional 26 mafic ultramafic intrusions (for a total of 50) in the project area. These represent priority targets for nickel sulfide mineralization. In addition, MMG analyzed over 3800 geochemical till samples across the property resulting in the identification of several new areas that require follow up exploration.
MMG, the project operator, is currently earning a 75% interest in nickel and other base metals on the Amaruk property, by spending CAD 6,000,000 and completing a pre feasibility study on any base metal deposit that might be identified. These terms were defined in a letter agreement signed by the Company and MMG in March 2010.










