North Star Doubles it's Land Holding Size at Superior Craton Project in Canada.Business Editors BELLINGHAM, Wash.--(BUSINESS WIRE)--Oct. 1, 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 ). Mr. 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, Inc., is pleased to report that the Company has acquired an additional 10 claims (6,400 acres) contiguous to the Company's diamond property located in the 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. in Canada. In a News Release dated September 22, 2003 the Company reported that it had acquired a 100% interest in strategically located mining claims within the Superior Craton in Canada. The Company's expanded claim block (16,400 acres) is located in southeastern Manitoba where during the 1990's, positive diamond indicator minerals were discovered in the area 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. North Star has staked a cluster of magnetic anomalies in proximity to these diamond indicators. Two additional magnetic anomalies have been identified to date on the new claim acquisition. In a News Release dated September 24th the company reported that a Phase 1 drill program is scheduled to commence before the end of October. In addition to testing a cluster of 10 circular magnetic anomalies located on the original claim block which are associated to a major north-south structure located at the western margin of the Superior Craton, North Star has decided to expand the aforementioned drill program to include these two new anomalies. A total of 12 high priority kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. targets will be drill tested. Mr. Stunder, currently in Manitoba, is working with geophysicists to further define the October Phase 1 drill program. North Star Diamonds is a rapidly growing company focused on the discovery of commercial diamond deposits in Ukraine. 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. |
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