De Beers boosts stake in partner
By exercising 984,000 share purchase warrants at 80 apiece, De Beers Canada Exploration has increased to 6.4% its interest in Mountain Province Diamonds (MPV-T).De Beers acquired the warrants when, i…
De Beers Canada Corporation
Afri-Can tops up Block J stake (October 07, 2002)
With a final payment of $125,000 to its Australian partner, Woduna Mining Holding, Afri-Can Marine Minerals (AFA-V) has boosted to 70% its interest in the Block J marine diamond concession, 105 km nor…
Recovery of large gem stones key to advancing Gahcho Kue
The latest bulk sample results from the Gahcho Kue joint-venture project in the Northwest Territories again confirm the presence of big-carat diamonds in the 5034 pipe.De Beers recovered 1,215 carats …
Glencairn doubles cash
Junior Glencairn Explorations (GLJ-V) has added $2.4 million to its coffers by privately placing 4.8 million units at 50 apiece.A unit consists of one share and half a share purchase warrant, with a …
De Beers confirms commitment to Canada
Although its roots are in South Africa, De Beers believes the emphasis given to Canadian diamond exploration is fully justified. Last year, Canada accounted for 40% of the US$73 million the company sp…
Knife fight heads to court
Unable to come to terms with the Canadian exploration division of De Beers over the signing of a joint-venture agreement concerning the Knife Lake project in Nunavut, Rhonda (RDM-V) has ended discussi…
KEGS Foundation awards nine scholarships
The KEGS Foundation has awarded scholarships totaling $7,500 to nine undergraduate in geophysics at five Canadian universities.Recipients include the following: Michael Ash, Michael Wheeler and Olabus…
Victoria Island drilling hits dyke system
Diamonds North Resources (DDN-V) has intercepted multiple kimberlite dykes while drill-testing two targets at the Blue Ice property on Victoria Island in Nunavut.Six separate intervals of kimberlite w…
Bears maul bulls on junior exchange
TSX VENTURE EXCHANGEVancouver — Canada’s venture exchange succumbed to downward market pressure over the week ended July 16. The S&P TSX Venture Exchange composite index tumbled 52.03 points, or 4.5%…
Diamonds North targets Victoria Island (July 08, 2002)
Hoping to capitalize on a revitalized diamond exploration sector that has been fueled by recent kimberlite discoveries in Quebec and the Coronation district of Nunavut, Major General Resources has spu…
Slave Craton district still hot as market awaits results
Although recent exploration by Ashton Mining of Canada (ACA-T) in Nunavut resulted in the discovery of two new kimberlites, the market’s focus is chiefly on the Artemisia and Potentilla pipes, from wh…
Fort la Corne play takes shape
Saskatchewan is the Rodney Dangerfield of diamond plays: it gets no respect.After a decade of lethargic exploration and mundane results, which were eclipsed by the more exciting discoveries in the Lac…