Oraco Resources, Inc. (“Oraco”) announced today that it has acquired the contractual rights for the disposition of diamonds, gold, and any other minerals recovered in both the Zimmi Town, Pujehun District and the Gbense Tailings No. 5 reserve in the Koidu Town, Kono District of Sierra Leone through the acquisition of 100% of the ownership [...]
BRC DiamondCore Ltd has closed a non-brokered private placement of 7,500,000 units of the Company at a price of Cdn$0.08 per unit for proceeds to the Company of Cdn$600,000. Each such unit is comprised of one common share of the Company and one warrant of the Company, with each such warrant entitling the holder to [...]
Afri-Can Marine Minerals Corporation (“Afri-Can”) (TSX VENTURE:AFA) today summarized the results of its successful sampling program completed on April 19th, 2011 in the Exclusive Prospecting Licence (“EPL”) 3403 marine diamond concession in Namibia (see Map 1 attached). The first stage sampling program discovered three depositional features in the southern region and recovered 84 diamonds. The [...]
BHP Billiton today announced the approval of the Misery open pit project at its EKATI Diamond Mine in the Northwest Territories, Canada. This project consists of a pushback of the existing Misery open pit which was mined from 2001 to 2005. Stripping operations are expected to begin in October 2011, with ore production beginning late [...]
Petra Diamonds announces the following update with regards to the acquisition of the Finsch diamond mine in South Africa (“Finsch”) from De Beers Consolidated Mines Limited. As announced on 21 January 2011, completion of the acquisition was subject to a number of conditions precedent, the majority of which have now been satisfied. The only remaining [...]
The government of diamond-rich Zimbabwe has started evaluating proposals by foreign mining companies on how they intend to sell their majority shareholding to indigenous Zimbabweans, according to the government run press. The State had set May 9 as the deadline for foreign-owned mining firms to submit plans on how they intend to dispose of the [...]
The Superior Court of Quebec has ruled that the case against Canadian corporation Anvil Mining Limited in relation to alleged involvement in a 2004 massacre in the Democratic Republic of Congo can proceed to the next stage. The class action against Anvil Mining was filed in the District of Montreal on 8 November 2010 by [...]
Sanatana Diamonds Inc. (“Sanatana” or the “Company”: TSX-V: STA) announces that effective at the open of market on May 2, 2011, Sanatana Diamonds Inc. will be re-named “Sanatana Resources Inc.”. The Company’s common shares will continue to trade on the TSX Venture Exchange under the symbol “STA”. Sanatana is an exploration stage company that has [...]
Stornoway Diamond Corporation (TSX-SWY) is pleased to provide a progress update on feasibility level work at the Renard Diamond Project, Stornoway’s flagship project located in North Central Qu?bec. In July 2010, Stornoway announced the commencement of a full program of mine design, environmental assessment, permitting and community engagement designed to lead to a production decision [...]
Stornoway Diamond Corporation (TSX-SWY) is pleased to announce the 2011 exploration budget for the Company’s portfolio of diamond exploration projects. Stornoway’s flagship property is the 100% owned Renard Diamond Project in north-central Quebec, where a Feasibility Study and an associated Environmental and Social Impact Assessment are on track for completion in the third quarter of [...]
Afri-Can Marine Minerals Corporation (“Afri-Can”) (TSX Venture: AFA) announces its initial diamond sampling program on the EPL 3403 Marine Diamond Concession in Namibia is complete, and the sampling vessel is back at the port of Luderitz.
Metalex Ventures Ltd. reportS preliminary macro diamond results from the fourth of 11 holes from the 9.3 hectare U2 kimberlite pipe on the Metalex – Arctic Star Diamond Corp. (TSXV : ADD) joint venture in the James Bay lowlands, Ontario. Primary recovery of diamonds from the fourth hole is now complete. The hole contains 300 [...]