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Diamonds North Signs Letter of Intent with MMG on Amaruk Nickel
Mar. 12, 2010 02:48PM PST
Diamond InvestingDiamonds North Resources Ltd. (TSX-V: DDN) reported that the company has signed a Letter of Intent with Minerals and Metals Group whereby MMG may earn 75% of the Nickel and other base metals on the Amaruk Property in Nunavut, Canada, by spending C$6,000,000 and completing a pre-feasibility study on any base metal deposit that might be identified on Amaruk.
Diamonds North Resources Ltd. (TSX-V: DDN) reported that the company has signed a Letter of Intent with Minerals and Metals Group whereby MMG may earn 75% of the Nickel and other base metals on the Amaruk Property in Nunavut, Canada, by spending C$6,000,000 and completing a pre-feasibility study on any base metal deposit that might be identified on Amaruk.
The press release is quoted as saying:
The projected budget for 2010 is estimated between C$2 to $2.5 million. MMG and Diamonds North plan to mobilize crews into the Amaruk camp mid-March, 2010.
Click here to access the entire press release
Click here to access Diamonds North Resources Corporate Site