Topic: Growth Stocks

Diamonds North Resources $0.60 – Toronto symbol DDN

DIAMONDS NORTH RESOURCES $0.60 (Toronto symbol DDN; SI Rating: Start-up) (1-866-802-2010; www.diamondsnorthresources.com; Shares outstanding: 74.4 million; Market cap: $44.7 million) has interests in 10 projects covering over eight million exploration acres in Nunavut and the Northwest Territories. Its prospects range from early to advanced-stage exploration.

Diamonds North’s leading prospect is its 100%- held Amuruk project in Nunavut. To date, the company has discovered 22 kimberlites, of which drilling on two has produced microdiamonds and some macrodiamonds. Diamonds North is now conducting bulk samples on the property to test for a higher-percentage of more commercially viable macro-diamonds.

The company is also at an advanced stage with its Hepburn project in the Northwest Territories, where it has identified over 200 drilling targets. Diamonds North’s other active project is on Banks Island in the Northwest Territories, where airborne surveys have identified a number of anomalies that it believes are kimberlite pipes. De Beers Canada is active in the area.

Diamonds North Resources is still a buy for highly aggressive investors.

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