Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces the discovery of a gold bearing iron formation on its 100% owned Amaruk property located in Nunavut.

The press release is quoted as saying:

The iron formation is semi-coincident with three limbs of an apparent large regional fold that extends for more than 13 kilometres as interpreted from airborne magnetic data. Iron formation was reported on the third limb of this apparent fold by mapping and has not yet been prospected.

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