Pele peers into Cristal
Junior Pele Mountain Resources (GEM-V) has begun drill-testing the Cristal diamond showing at the Festival property, near Wawa, Ont.Earlier this year, Pele recovered a white, 0.72-carat gem-quality di…
Pele Mountain Resources Inc
Pele drills Ardeen
Junior Pele Mountain Resources (gem-v) will sink two holes at its Ardeen project, near Thunder Bay, Ont., to test for high-grade gold mineralization.The first is targeting a geophysical anomaly outlin…
Pele hopes Genesis is start of something big
Pele Mountain Resources’ (YPN-V) discovery of a significant diamond population in the Genesis showing at its Festival property near Wawa, Ont., has dramatically increased the potential for an economic…
Genesis surrenders more stones for Pele
Pele Mountain Resources (YPN-V) has recovered 53 commercial-size diamonds from a 4.5-tonne sample derived from the Genesis occurrence on the Festival property, near Wawa, Ont.The diamonds weigh a tota…
Pele finds small stones (September 02, 2002)
Pele Mountain Resources (YPN-V) has uncovered more than 20 volcanic units in a 9-sq.-km area of the Festival property, near Wawa, Ont.The intermittently outcropping units reach widths of up to 100 met…
New bedrock exposures expand Wawa diamond play
Diamond exploration in Ontario has had several false starts since speculation about the origin of gems in glacial drift south of the Great Lakes led explorers to the province more than a century ago.L…
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…
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 …
Investment Commentary — Best bets for 2002
The Northern Miner asked five market watchers of the junior mining and exploration sector for their top picks and opinions for the year ahead. This week we talked with John Kaiser, publisher of the Ka…
Geomaque restructures, gets new board (December 31, 2001)
A financial restructuring at Geomaque Explorations (GEO-T) will see the company’s principal lender get a large net cash-flow interest on the Vueltas del Rio gold mine in Honduras.Geomaque reached an a…
De Beers to test unusual diamond occurrence at Festival
The Canadian exploration division of De Beers Consolidated Mines, now a subsidiary of Anglo American (AAUK-Q), will process a 100-tonne sample from the Cristal showing on the Festival diamond property…
Wawa diamond hunt slow but steady
Fed by initial prospecting successes, the Wawa diamond hunt may have stirred some enthusiasm in its early days, but it now appears to be settling down to slower and more systematic exploration.The are…