Diamonds North Discovers Another Gold Source on Amaruk

(PressMethod) - Diamonds North Resources Ltd. (TSX-V:DDN - News) announces the discovery of a gold bearing iron formation on its 100% owned Amaruk property located in Nunavut. Initial regional prospecting returned grab samples with over 0.5 gram per tonne (g/T) gold including a sample yielding 1.2 g/T gold.

The sub-vertical sulfide rich iron formation was traced over more than 6.5 kilometres and measures 1 to 5 metres, wide and in areas of intense folding up to 25 metres wide. Pyrrhotite, pyrite and chalcopyrite occurs as disseminated and in semi-massive concentrations up to 50%. Several of the samples collected also returned anomalous copper up to 0.26%, nickel up to 0.11%, zinc up to 0.14% and silver up to 3.3 g/T.

"For a small investment of time and exploration funds, we have discovered a large number of gold prospects over a vast area. We have identified gold associated with shear zones, quartz feldspar porphyries and now iron formation. In 2010, we anticipate a considerable budget and program, which I believe will significantly advance several of the existing prospects and result in new discoveries," says Mark Kolebaba, President and CEO of the Company.

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