Manitoba kimberlites prove elusive
Vancouver — A 1999 report by the Manitoba Geological Survey which showed that the province is geologically prospective for hosting diamond occurrences sparked a staking rush in the Superior craton. H…
De Beers Canada Corporation
Rhonda perseveres at Coronation Gulf
Rhonda (RDM-V) is encouraged by results from glacial till sampling at the Inulik property in the north Slave Craton region of Nunavut.Two samples, 1.4 km apart, returned kimberlite indicator mineral c…
Diamond potential near Wawa lures big guns
An unusual diamond occurrence near Wawa in northern Ontario is attracting the attention of De Beers and Kennecott Canada Exploration.A package of unassuming Archean alkaline metavolcanic rocks is yiel…
Diamondex budgets $3-4m for exploration in ’02
Having discovered and developed the Snap Lake diamond project, which De Beers purchased in 2000 for about $480 million, the technical team of Diamondex Resources (DSP-V) is continuing to explore for k…
BHP Billiton comes up empty at Royce
Using its proprietary Falcon airborne gravity system to pinpoint potential kimberlite targets on the Royce Group of claims in the Northwest Territories, BHP Billiton (BHP-N) failed to intersect kimber…
CDNX moves into spring on bullish note
Vancouver — Canada’s junior exchange continued to gain momentum over the holiday-shortened report period ended April 2. The Standard & Poor’s-CDNX composite index jumped 20.65 points, or 1.7%, to clo…
De Beers sees Canada as top priority
De Beers has allocated more than half its 2002 global exploration budget to The Great White North, and that, when combined with planned expenditures on the Snap Lake and Victor diamond projects, means…
Patrician stakes Blackwater
Patrician Consolidated Gold Mines (PXC-V) has staked the 268-sq.-km Blackwater Lake property, 550 km northwest of Yellowknife, N.W.T.The two claim groups, comprising 33 units, are accessible via a win…
Rhonda raises $1.8m for diamond exploration
Determined to explore a large land position in the heart of the Coronation diamond district in Nunavut, Rhonda (RDM-V) has raised $1.8 million in a public financing arranged through Canaccord Capital …
JML targets Marten River for diamond potential
Spun off from Mustang Minerals (YMU-V), newly listed JML Resources (JJJ-V) is targeting the diamond potential of the Marten River area, near North Bay, Ont.The project comprises more than 2,400 claims…
De Beers saw diamond sales shrink in 2001
De Beers saw its profits halved in 2001 as the global economic downturn took its toll on rough diamond sales.The major’s core business is the mining and marketing of rough gem diamonds. Hampered by th…
Diamond find at Festival proves low grade
The largest diamond recovered from a 100-tonne test sample of the Cristal showing on the Festival diamond property held near Wawa, Ont., weighed just 0.18 carat.Property owner Pele Mountain Resources …