The Northern Miner — Small Producers Index (June 17, 2002)
94.25 (-7.84)(Sept. 30/98 = 100)…
News
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…
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…
Monroe eyes production in South Africa
Resistivity surveys on the London alluvial diamond project in the Northwest Province of South Africa support owner Monroe Minerals’ (MMX-V) expectations that it can drill off a resource.The survey cov…
Diamond Fields posts earnings (June 17, 2002)
During the quarter ended March 31, Diamond Fields International (DFI-T) reported net income for the first time.The company earned $69,912 for the 3-month period, compared with a net loss of $1.1 milli…
Slave Craton district still hot as market awaits results
Although recent exploration by Ashton Mining of Canada (ACA-T) in Nunavut resulted in the discovery of two new kimberlites, the market’s focus is chiefly on the Artemisia and Potentilla pipes, from wh…
Lending Rates (June 17, 2002)
as of 4 pm ET, June 11, 2002(%)Bank of Canada2.75Canadian Prime4.25U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.89LIBOR US$ 6-month2.03LIBOR US$ 1-year2.51Gold lease 3-month0.39Gold leas…
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…
SouthernEra posts wider loss (June 17, 2002)
Faced with lower diamond production, SouthernEra Resources (SUF-T) has posted a first-quarter net loss totalling $1.4 million.The loss translates into 4 per share and compares with a year-ago loss of…
Making the grade: Diamonds take forever
Finding a kimberlite pipe, the peculiar rock type and formation that hosts most of the world’s significant diamond deposits, is a tall order; finding one that actually contains diamonds, even more so….
Gold bulls bank profits
Vancouver — Canada’s junior exchange lost ground over the report period ended June 11 as investors took profits in junior gold stocks and found renewed interest in diamond explorers. The Standard & P…
Mano turns up diamonds on Kono ground
Following a reconnaissance stream-sediment survey and geological mapping, West African specialist Mano River Resources (MNO-V) has retrieved macrodiamonds from a newly discovered kimberlite dyke in th…