Stornoway Diamond Corporation has discovered a new kimberlite in the Coronation Gulf/North Slave Diamond District of Nunavut. The Hammer kimberlite was discovered by prospecting on a mineral claim acquired by Stornoway in October 2008 at the head of a previously unexplained kimberlitic indicator mineral anomaly with diamond inclusion chemistry. The Hammer Property is located approximately [...]
Diamonds North Raising US$400,000 For Amaruk in Nunavut
Diamonds North Resources Ltd. intends to complete a non-brokered private placement to raise up to US$400,000 through the sale of flow-through shares. The placement is to finance the Company’s diamond and gold programs on the 100% owned Amaruk property in Nunavut.
Diamonds North Begin Diamond and Gold Programs On Amaruk
Diamonds North Resources Ltd. has opened the camp on its 100% owned Amaruk property in the Pelly Bay Diamond District of Nunavut. Exploration crews have arrived and kimberlite target selection for drilling has begun. More subtle magnetic features will be targeted. The Company plans to drill up to 30 kimberlite targets and collect up to [...]
Peregrine Diamonds Commences Arbitration Over Nanuq North Property
Peregrine Diamonds Ltd. has commenced arbitration proceedings against Indicator Minerals Inc. and Hunter Exploration Group regarding a dispute which has arisen over a joint venture which covers a portion of the 33,100 hectare Nanuq North property located in Nunavut, Canada. Under the Nanuq North joint venture, Peregrine and Indicator each hold a 40 percent interest [...]
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 [...]