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 …
Rhonda Corporation
Low macro results won’t dissuade Ashton
A small surface sample of kimberlite float and outcrop collected by Ashton Mining of Canada (ACA-T) from the promising Artemisia kimberlite pipe discovered last fall on the Kim property in Nunavut has…
Coronation Bay a hot spot for diamond explorers
Although a decade has passed since diamonds were first discovered in Canada, the potential for further discoveries has not yet diminished, as evidenced by the success of Ashton Mining of Canada (ACA-T…
Coronation pipes return strong counts
A new kimberlite camp is emerging some 50-120 km south of Coronation Bay in the northern Slave Craton region of Nunavut. Discoveries by Ashton Mining of Canada (ACA-T) and Kennecott Canada Exploration…
CDNX bolstered by rate slash
Vancouver — Canada’s junior exchange rallied in light of another cut in U.S. interest rates. The resource indices led the way as the Canadian Venture Exchange composite index tacked on 31.44 points, …
FPO Production from Snap Lake project delayed until 2006
A depressed rough diamond market has given De Beers cause to push back production from the Snap Lake underground diamond project in Canada’s Far North until 2006, more than a year longer than was orig…
Ashton discovers kimberlite south of Coronation Bay
A decision by Northern Empire Minerals (NEM-V) to fund its share of drilling on the Kikerk Lake diamond joint-venture project has paid off with the discovery of a new kimberlite body, dubbed Potentill…
Knife pipe pegged at 6 ha
Based on the results of delineation drilling, together with ground geophysical data, the Knife kimberlite pipe in Nunavut is estimated to comprise a surface area of 6 ha.During spring drilling, the Ca…
Drilling sizes up Knife
Drilling has cut wide zones of kimberlite at the newly discovered Knife pipe, 80 km south of Coronation Bay in Nunavut.De Beers Canada Exploration, which can earn a 70% interest in the project from Rh…
Snap Lake underground mine takes shape under De Beers
Snap lake, N.W.T. — The Canadian North comprises a vast region of lakes, rivers, Arctic tundra and, more recently, diamonds. With one mine already established and three others scheduled to come on-st…
Drilling planned for Knife
A planned 5-hole drilling campaign on the newly discovered Knife kimberlite pipe, 80 km south of Coronation Bay in Nunavut, is aimed at delineating the size and internal structure of the body, while p…
Mining index flat as CDNX remains mired
Vancouver — The Canadian Venture Exchange finished the report period ended April 3 down 80.5 points, or 2.7%, at 2,908.21. The mining index followed suit, losing 72.9 points to close at 6,001.8, off …