De Beers Canada Exploration Inc

Jericho Camp, Nunavut — Now that Tahera Diamond (TAH-T) has arranged financing for construction and development of its Jericho diamond project in Nunavut, the last remaining hurdle to clear is licences for land and water.

A flurry of exploration in eastern Nunavut has resulted in several kimberlite discoveries.

McFauld’s Lake, Ont. — Like many other places in Canada, summer is short at McFauld’s Lake in the James Bay Lowlands of northern Ontario, however setting this area apart is a hot new volcanogenic massive-sulphide (VMS) play.

With the Star diamond project in Saskatchewan taking centre-stage, Shore Gold (SGF-V) has spun out its portfolio of gold properties for stock in a new subsidiary called Wescan Goldfields (WGF-V).

A rejuvenated Vaaldiam Resources (VAA-V) has been busy these past eight months carrying out grassroots exploration on its Pimenta Bueno diamond property in Brazil.

Diamond producer De Beers has pleaded guilty to charges under American anti-trust laws in a settlement that may allow the company to resume business in the U.S.

Initial results from underground bulk sampling on the Star kimberlite in Saskatchewan’s Fort la Corne field indicate the recovery of coarse-size diamonds of up to 3.5 carats.

Ashton Mining of Canada (ACA-T) is stepping up exploration efforts following its success in helping find new diamond districts in Quebec, Alberta, and the Coronation Gulf area of Nunavut.