True North Gems has announced the appointment of Mr. Martin Irving to the Board of the Directors. Mr. Martin Irving is a gemmologist with over 20 years experience working with diamonds and other minerals in Canada. Mr. Irving has extensive experience working with the Government of the Northwest Territories (GNWT), including establishing and running the [...]
Mountain Province Raises C$4.5 Million for Gahcho Ku Feasibility Study
Mountain Province Diamonds Inc. has completed a C$4.5 million private placement, the proceeds of which will be used to support the planned feasibility study for the Gahcho Ku project and for general corporate purposes. Located in Canada’s Northwest Territories, Gahcho Ku is one of the largest new diamond projects under development globally. The project consists [...]
Eira Thomas Joins Lucara Diamond Board
Ms. Eira Thomas has joined the Board of Directors of Lucara Diamond Corp. Ms. Thomas is a respected Canadian geologist who brings extensive experience to her role with Lucara. She served as a geologist with Aber Resources Ltd. (now Harry Winston Diamond Corporation) from 1992 to 1997, leading the field exploration team that discovered the [...]
Proceeds From Mountain Province Diamonds’ C$4.5 Million Placement To Be Used For Gahcho Kue Project
Mountain Province Diamonds Inc. has completed a C$4.5 million private placement. Proceeds from the private placement will be used to support the planned feasibility study for the Gahcho Kue project and for general corporate purposes. Located in Canada’s Northwest Territories, Gahcho Kue is one of the largest new diamond projects under development globally. The project consists [...]
Mountain Province Announces C$4.5M Private Placement
Mountain Province Diamonds Inc. is arranging a non-brokered private placement of up to 3 million Units at a price of C$1.50 (US$1.30) per Unit. If fully subscribed, the private placement will raise proceeds of C$4.5M. Net proceeds from the offering will be used to support the development of the Gahcho Kué diamond project and for [...]
Report: Value of Diamond Deals Down 73%
Metals Economics Group’s (MEG) recent Strategic Report points to a 73% decline in total acquisitions spending on diamonds—$210.5 million in 2008-09 compared with $760.2 million in 2007-08. A total of 19.7 million carats in resources changed hands in 2008-09, a 91% decrease from 208.4 million carats in 2007-08. Diamond transactions of at least $1 million [...]
Mountain Province and De Beers Canada Enter into Revised Gahcho Kué JV Agreement
Mountain Province Diamonds Inc.has entered into an amended and restated joint venture agreement with De Beers Canada Inc. in respect of the Gahcho Kué diamond project located in Canada’s Northwest Territories. The 2009 Agreement replaces the Joint Venture Agreement entered into by the Participants in 2002. Key terms of the 2009 Agreement include: 1. [...]
Kennecott to Conduct Ground Gravity Survey on CH Project Area
GGL Diamond Corp. has been informed by Kennecott Canada Exploration Inc. of its intentions to conduct a ground gravity survey on the CH Project Area about 250 kilometers north of Yellowknife, Northwest Territories. In February, GGL and Kennecott signed an Exploration and Option Agreement which gives Kennecott the sole and exclusive right and option to [...]