Peregrine updates Chidliak, Baffin Island
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Peregrine Diamonds Ltd. has discovered three separate areas with high concentrations of metals indicator minerals on the Chidliak Property (Chidliak), Baffin Island, Canada. Chidliak is situated approximately 150 kilometres northeast of Iqaluit, capital of Nunavut. Highly anomalous concentrations of the platinum-bearing mineral sperrylite, the zinc-bearing mineral gahnite and the copper-bearing mineral chalcopyrite were recovered from [...]
Firestone results from MK1
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Firestone Diamonds plc, the AIM-quoted diamond mining and exploration company, announces an update on evaluation work on the MK1 kimberlite at its Tsabong project in Botswana. The Tsabong kimberlite field contains 83 kimberlites, including the 180 hectare MK1 kimberlite, which is one of the largest diamondiferous kimberlites in the world.
Philip Kenny, CEO of Firestone Diamonds, [...]
Superior’s annual general meeting
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Superior Diamonds Inc. announces that all shareholders of record on March 20, 2008 will be entitled to receive notice of and to vote at the Annual General Meeting of shareholders, to be held on Friday, May 9, 2008 at 4:30 pm EST at The Ontario Club, 1 King Street West, 12th Floor, Toronto, Ontario.
Superior Diamonds [...]
Great Western closes private placement
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Great Western Diamonds Corp. has closed the previously announced private placement of flow-through shares. Thomas Weisel Partners Canada Inc. acted as sole agent for the placement which consisted of 8,000,000 flow-through shares priced at C$0.25 for aggregate gross proceeds of C$2,000,000.
In connection with the closing today, the Agent received a cash commission equal to 7.5% [...]
Zale initiates efficiency program
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Zale Corporation has begun the implementation of a program designed to enhance the Company’s profitability and improve its overall effectiveness. The program, which seeks to generate $65 plus million in ongoing, annualized savings beginning in the Company’s fourth quarter of fiscal 2008, is the product of management’s comprehensive review of operating and capital expenses in [...]
Vaaldiam- Shareholders’ meeting
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Vaaldiam Resources Ltd. and Great Western Diamonds Corp. announces that at the special meeting of shareholders of Great Western held in Saskatoon earlier today, the resolution approving the arrangement, whereby Vaaldiam will acquire the issued share capital of Great Western which it does not already own, was duly passed by the requisite majorities.
A final order [...]
Tsodilo awarded licenses in Botswana
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Tsodilo Resources Limited reports that the Botswana Geological Survey has now granted five Prospecting License No. 046 / 2007 — No. 052 / 2007 to the Company’s local, wholly-owned operating subsidiary Gcwihaba Resources (Pty) Ltd. (Gcwihaba). These license areas are situated north and east of the Company’s current Newdico (Pty) Ltd. (Newdico) diamond licenses in [...]
Shore Gold on Taurus Kimberlite
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Shore Gold provides the following update on the Taurus Kimberlite Cluster, within the Fort a La Corne Joint Venture (FALC-JV) where Shore is the operator with a 60 percent interest and Newmont Mining Corporation of Canada Limited (Newmont) has 40 percent.
The Taurus Cluster lies to the west of the Orion Cluster and includes eight coalescing [...]
Gitanjali changes in management
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Gitanjali U.S.A., a division of Gitanjali Gems, operating Samuels Jewelers, Inc. and Rogers Ltd, Inc., two of America’s leading specialty retailers of fine jewelry announced, effective immediately, the promotion of Randy McCullough to Chairman and Deepak Gandhi to President and CEO of Gitanjali U.S.A. In addition, David Barr will be retiring from his current Chairman [...]
Grizzly drills second Alberta Kimberlite
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Grizzly Diamonds Ltd. has intersected a second kimberlite named BE-02 on the Smoky The Bear Property in the Buffalo Head Hills of northern Alberta. This discovery represents the second new kimberlite discovered in Alberta in five years.
The third hole in the current 2008 drilling program (SMB08-03) tested the centre of a weak magnetic high and [...]
Charm Diamond Centres awarded
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Charm Diamond Centres, the largest Canadian-owned retail jewelry chain in the country, has been selected as a winner of Canada’s 50 Best Managed Companies for 2007, showing that the customer is still “king” in Canada and that employees are treated like royalty.
The family-owned Charm Diamond Centres’ mission and vision statement is to “Win the Customer [...]
Brazilian Diamonds preliminary results
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Brazilian Diamonds Ltd provides the following update on the ongoing macro-diamond testing of its 100% owned Salvador 1 kimberlite in central Bahia State, Brazil. The Company is pleased to confirm the recovery of diamonds from the partial processing of initially excavated kimberlite material and the separately processed diamond bearing sands and gravels that overlay [...]
Mano River updates Kono project
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Mano River Resources Inc. announces a progress update on the Kono diamond project in Sierra Leone. The Kono project is a Joint Venture between Stellar Diamonds Ltd (Stellar) (49%) and Petra Diamonds Limited (”Petra”) (51%). Mano River is a 68.5% shareholder in Stellar, which plans to list on AIM in the spring of 2008.
Trial [...]
Zale’s Q2 results of fiscal 2008
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Zale Corporation, a leading specialty retailer of fine jewelry in North America, today announced earnings from continuing operations for the second quarter of fiscal 2008 of $52.7 million, or $1.16 per diluted share, compared to $77.1 million, or $1.57 per diluted share for the second quarter of fiscal 2007. The second quarter ended January 31, [...]
Sanatana’s 2008 Exploration Program
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Sanatana Diamonds Inc. announces that mobilization is currently underway for its 2008 exploration program.
Sanatana’s initial focus will be in the Greenhorn project area, the site of the Company’s recent Dharma discovery. Utilizing the Company’s extensive database of geochemical and geophysical results generated from previous exploration in the Greenhorn area, the Company has already defined at [...]
Rockwell on Toronto Stock Exchange
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Rockwell Diamonds Inc. has received formal approval to list its common shares on the Toronto Stock Exchange (TSX). Effective February 22, 2008, the common shares of Rockwell will be listed for trading on the TSX under the symbol “RDI”. Rockwell’s shares also trade on the Johannesburg Stock Exchange under the symbol “RDI”.
President and CEO John [...]
Stornoway’s additional diamonds
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Stornoway Diamond Corporation and Shear Minerals Ltd. announced additional macro and micro diamond recoveries from the 2007 drilling of the Kahuna kimberlite dyke at the Churchill Diamond Project in Nunavut.
In 2007 at Kahuna, 30 drill-holes from 18 set-ups totaling 2,333m were drilled along a tested 4.5km strike length of the kimberlite dyke to provide [...]
IDI’s Asia-centered strategy
by Jo BlackThe Israeli diamond industry will have a major presence at the Hong Kong International Jewelry Show, to be held on March 4 - 8 2008. This year over 50 leading Israeli diamond manufacturers and exporters will be exhibiting, with most of them in the Israel Diamond Pavilion, sponsored by the Israel Diamond Institute (IDI).
The Israel [...]
Diamondex drilling on Buffalo Hills
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Diamondex Resources Ltd. and Shore Gold Inc. announces that diamond drilling has commenced on the Buffalo Hills Project located in northern Alberta.
Under this $7.0 Million exploration program, a 14,000 metre delineation drill program will focus mainly on the central corridor of the Buffalo Hills property. This program will commence at kimberlite K14, then proceed successively [...]
Petra provides interim results
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Petra Diamonds Limited announces its interim results (unaudited) for the six months to 31 December 2007, following its trading update announced on 24 January 2008. These results record substantial revenue growth with a corresponding turnaround in profits and cash flows. The Company reports its first profits following its successful development from an exploration base into [...]