North Star Diamonds to Commence Initial Drilling Program on Canada Superior Craton Project.Business Editors BELLINGHAM, Wash.--(BUSINESS WIRE)--Sept. 24, 2003 North Star Diamonds, Inc. (NQB NQB National Quotation Bureau, Inc (now Pink Sheets) Pink Sheets: NSDM NSDM North Star Diamonds, Inc NSDM National Security Decision Memorandum ) is pleased to report that the Company is finalizing the engineering and logistics to commence the initial drilling program on the recently acquired "Superior Craton The Superior craton (or Superior Province) forms the core of both the North American continent and the Canadian Shield. It extends from Quebec in the east to eastern Manitoba in the west. Project". In a News Release dated September 22, 2003, the Company announced it had acquired a 100% interest in a 10,000 acre diamond project in the Superior Craton in Canada. The Superior Craton, which is the largest Archean Craton craton (krā`tŏn): see continent. in the world, represents 23% of the world's Archean rocks and is currently the focus of exploration for diamondiferous deposits by various diamond exploration companies. North Star's Phase 1 drill program on the Superior Craton Project is scheduled to commence before the end of October and is designed to test a cluster of 10 circular magnetic anomalies that are associated to a major north-south structure located at the western margin of the Superior Craton. During a regional sampling program conducted by the Geological Survey The term geological survey can be used to describe both the conduct of a survey for geological purposes and an institution holding geological information. A geological survey of Canada in the 1990s, positive diamond indicator minerals were discovered. North Star's drilling program will explore these associated magnetic anomalies that are in close proximity to the diamond indicators. Walter Stunder, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of North Star Diamonds states: "The Company is excited about the diamond potential of the 'Superior Craton Project' in Manitoba. We are anxiously anticipating the commencement of this initial drill program as diamonds have been discovered on either side of North Star's claims. The Company feels that the highly favorable geology, structures and indicators give an excellent opportunity for a new Canadian diamond discovery within our strategically located acquisition in the Superior Craton." North Star Diamonds is a rapidly growing company focused on the discovery of commercial diamond deposits in Ukraine and in Canada. North Star Diamonds has exceptional land holdings and a highly skilled management and technical team respected for breaking new ground in the highly competitive diamond industry. The Company's shares trade on the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets under the symbol NSDM. Further information on North Star's Ukrainian diamond projects can be found on the Company's website at www.NorthStarDiamondsInc.com. Disclaimer: The Company relies upon the safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Laws of 1993, 1934, and 1995 for all public news releases Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , competition and other factors which may be identified from time to time in the Company's public announcements. North Star Diamonds, Inc. Walter Stunder, President |
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