Peregrine Diamonds Ltd. has reported the recent discovery of six new kimberlites at the Chidliak project (“Chidliak” or “the Project”) on Baffin Island, Nunavut, Canada. The new discoveries bring the total number of kimberlites discovered to date on the Project to 38. Three of the new kimberlites, CH-33, CH-35 and CH-36, were discovered at surface [...]
Stornoway Diamonds Commences Fall Drilling At Renard Diamond Project
Stornoway Diamond Corporation (TSX-SWY) has announced the commencement of a fall program of exploration drilling at the Renard Diamond Project, located in North Central Quebec. The Renard Diamond Project is a 50:50 joint venture between Stornoway Diamond Corporation and SOQUEM Inc. The upcoming drill program is a continuation of a step-out program of deep drilling [...]
Alberta surpasses Quebec as preferred place for mining investment, according to global mining survey update
Alberta is now seen as the world’s most attractive jurisdiction for mineral exploration and development, ending Quebec’s three-year reign as the preferred destination for mining investment, according to the Survey of Mining Companies: 2010 Mid-Year Update, released today by the Fraser Institute, Canada‘s leading public policy think-tank. The updated survey of international mining executives, conducted [...]
Trans Hex South African Diamond Production ‘Below Target’; Sells Diamonds Worth $927 Per Carat
Trans Hex has provided the following update on its operations. SOUTH AFRICA South African carat production has been below target for the year to date, primarily as a result of grade under-performance at Baken Mine (average of 1.30 carats/100m3 against budget of 1.75 carats/100m3). It is expected that the Baken grade will recover during the [...]
Harry Winston Diamond Corporation announces closing of the purchase to increase its ownership in the Diavik Diamond Joint Venture back to 40%
Harry Winston Diamond Corporation (TSX: HW, NYSE: HWD) has announced the closing of the purchase of the 9% indirect interest in the Diavik Joint Venture from Kinross Gold Corporation (“Kinross”) that was previously announced on July 23, 2010. With this transaction completed, Harry Winston Diamond Corporation’s ownership interest in the Diavik Joint Venture is reinstated [...]
Harry Winston Diamond Corporation Closes purchase to increase its ownership in the Diavik Joint Venture back to 40%
Harry Winston Diamond Corporation has announced the closing of the purchase of the 9% indirect interest in the Diavik Joint Venture from Kinross Gold Corporation (“Kinross”) that was previously announced on July 23, 2010. With this transaction completed, Harry Winston Diamond Corporation’s ownership interest in the Diavik Joint Venture is reinstated to 40%. The aggregate [...]
Diamonds North Bulk Sample Progress at Beluga-3 Diamond Kimberlite
Canada‘s Diamonds North Resources Ltd. (TSX-V: DDN) has commenced drilling the 25 tonne bulk sample of the Beluga-3 kimberlite, located on its 100% owned Amaruk project in Nunavut. The 2009 mini-bulk sample of Beluga-3 demonstrated larger diamond potential giving the Company confidence to proceed with this bulk sample (see News Release NR09-17, December 1st, 2009). [...]
Shore Gold Inc. Q2 Losses Down; Orion South Diamonds Revalued at Model Range of $116 to $344
Shore Gold Inc. has reported its unaudited results of Shore’s operations for the quarter ended June 30 Highlights include: Announced the results of a revaluation of the diamond parcels from the Star and Orion South Kimberlites, which indicated parcel prices show increases between 11 and 19 percent above the prices that were used in the [...]
Mountain Province Diamonds Announces Results of Independent Valuation of Gahcho Kue Diamonds: Actual Price per Carat US$134
Mountain Province Diamonds Inc. has announced the results of an updated independent valuation of the diamonds recovered from the Gahcho Kue Project during the exploration phase. The valuation was conducted by WWW International Diamond Consultants Ltd. and took place at the London offices of the Diamond Trading Company in early April, 2010. All diamond values [...]
DIAMOND COMPANY AFRI-CAN MARINE MINERALS CLOSES A PRIVATE PLACEMENT
Diamond explorer and miner Afri-Can Marine Minerals Corporation has closed a non-brokered private placement in the amount o $ 1 million for the sale of 12,500,000 units (‘Unit’), at a subscription price of $0.08 per Unit.
Court approves sale of Jericho Diamond Mine to Shear Minerals Ltd.
Canada‘s Shear Minerals Ltd. (SRM:TSXV) has announced that the Ontario Superior Court of Justice has given its approval for the sale of the Jericho Diamond Mine, processing facilities and all supporting exploration assets, located in the Kitikmeot region of Nunavut, from Tahera Diamond Corp. and Benachee Resources Inc. to Shear. Completion of the Acquisition is [...]
Petra Diamonds Gross revenue up 88% after a further year of growth
Petra Diamonds Limited announces the following sales and production trading update (unaudited) for the year ended 30 June 2010 (the “Period”). This has been a highly progressive year for the Company, during which Petra has: increased its ownership of the Cullinan mine to 74%, thereby doubling Cullinan’s attributable production and increasing Petra’s attributable resource base [...]