Peregrine Diamonds closes private placement
by Jo Black
Peregrine Diamonds Ltd. has completed a portion of its non-brokered private placement of common shares and units for gross proceeds of $3.3 million. A total of 7,106,000 common shares at a price of $0.44 per share were sold under the private placement on a “flow-through” basis pursuant to the Income Tax Act (Canada). In addition, [...]
Hudson provides drill results
by Jo Black
Hudson Resources Inc. announces diamond results from the 2007 core drilling program at Hudson’s Greenland diamond property. Confirmation of diamondiferous kimberlite in drill hole 07DS26 is coincident with the 2006 seismic data and successfully extends the strike length of the Garnet Lake dike structure by 450m to a total of 1,350m.
The dike remains open [...]
Mountain Lake shareholders’ rights plan
by Jo Black
Mountain Lake Resources Inc. reports that subsequent to the expiry of the Company’s Shareholders’ Rights Plan established in 2003, the Company announces that its Board of Directors has approved and adopted a new Shareholders’ Rights Plan. The Plan entitles shareholders to severable rights to purchase additional shares of the Company upon the occurrence of a [...]
Security Track to launch new products
by Jo Black
Worldwide Security Network’s Security Track division will introduce its new line of security products for travelling jewelers at the MJSA Show in New York on April 13, 14, and 15th.
The Security Track manufactures a complete line of Secure Salesman’s Cases that deter theft, save lives, and improve chances of recovery in the event of a [...]
ATW Diamond to start drilling
by Jo Black
Almaden Minerals Ltd. announces that a sonic, overburden drill program is now underway on the Company’s ATW diamond project, North West Territories, Canada. Almaden and Williams Creek Explorations Ltd. each own an approximately 41 1/2% interest in the project. The remaining 17% is held by other parties which collectively would be diluted to an approximately [...]
MJSA, Jewelers Mutual join forces
by Jo Black
Manufacturing Jewelers & Suppliers of America (MJSA) and Jewelers Mutual have joined forces to offer MJSA members a variety of insurance solutions specifically designed for manufacturers, retailers, bench jewelers, wholesalers, and those involved in repair, custom design, and jewelry appraising.
MJSA is pleased to join forces with an experienced insurance company that is exceptionally knowledgeable [...]
Indicator, Munic Gems signs agreement
by Jo Black
Indicator Minerals Inc. has entered into a Letter Agreement outlining a long-term strategic partnership with Munic Gems N.V. (Munic Gems), one of the world’s leading diamantaires based in Antwerp, Belgium.
The goal of the partnership is to identify, acquire and develop diamond projects globally by coupling Indicator’s experienced management and strong technical expertise with Munic Gems’ [...]
KimCor resumes production at SMI4
by Jo Black
KimCor Diamonds plc, a diamond producer and exploration company with properties in South Africa and Tanzania announces the recommencement of production at the Company’s SMI4 tailings plant.
HIGHLIGHTS
* Initial processing of the 15.5 million tonne tailing resource with an average recoverable grade of 6 carats per hundred tonnes will be at a rate of 60,000 tonnes [...]
Bonaparte to raise $2.3 million
by Jo Black
Australia-based Bonaparte Diamond Mines NL announces a non renounceable entitlements issue (Entitlements Issue) to raise up to $2.3 million before costs. The Entitlements Issue offers one new share for every four shares held at an application price of 7 cents per share.
The funds raised will be used to advance the pipeline of onshore South African [...]
Harry completes private placement
by Jo Black
Harry Winston Diamond Corporation has completed its non-brokered private placement, previously announced on March 10, 2008. The Company issued an aggregate of 3 million common shares at CAN$25 per share for proceeds of CAN$75 million.
Harry Winston Diamond Corporation is a specialist diamond enterprise with assets in the mining and retail segments of the diamond industry. [...]
Diamonds North updates Tuktu Cluster
by Jo Black
Diamonds North Resources Ltd. announces a total of 607 diamonds recovered from a 107 kilograms sample of the Tuktu-2 kimberlite and 219 diamonds recovered from a 37.85 kilogram sample of the Tuktu-3 kimberlite. The Tuktu-2 and 3 kimberlites are located immediately adjacent to the Tuktu-1 kimberlite on the 100% owned Amaruk property, Pelly Bay Diamond [...]
Harry’s estimate for Diavik mine
by Jo Black
Harry Winston Diamond Corporation made the following announcement regarding its 40% owned Diavik Diamond Mine.
Prior to the commencement of commercial production at the Diavik Diamond Mine the proven and probable ore reserves stood at 25.7 million tonnes (106.7 million carats). Subsequently, 4.0 million tonnes (11.7 million carats) of reserves in the A-21 kimberlite pipe were [...]
Brazilian Diamonds’s director retires
by Jo Black
Brazilian Diamonds Ltd. announces that Dr. Roger Morton is retiring as a Director of the Company with effect from 14th March, 2008.
The board wishes to extend its thanks and appreciation for Dr. Morton’s lengthy and much appreciated service to the Company and wishes him well in his retirement.
Kenneth P. Judge Chairman of the Company said, [...]
Zale increase stock repurchase program
by Jo Black
Zale Corporation, a leading specialty retailer of fine jewelry in North America, announced that its Board of Directors has authorized an increase of $100 million as part of the Company’s stock repurchase program.
The new authorization is in addition to the $200 million repurchase authorization disclosed in November of 2007. As previously announced, the Company expects [...]
WGI collaborates with SSEF institute
by Jo BlackWorld Gemological Institute and SSEF Swiss Gemological Institute have initiated a collaboration program intended to enhance the understanding of diamond treatments and their detection methods. World Gemological Institute research staff members have visited the SSEF Swiss Gemological Institute in Basel, Switzerland, to acquire frontier knowledge concerning the latest findings in the field of diamond treatment [...]
PhotoScribe updates on patent suit
by Jo BlackPhotoScribe Technologies Inc., the world’s largest manufacturer of diamond laser inscription equipment, has prevailed in a patent infringement lawsuit brought against it and the Gemological Institute of America (GIA) by diamond distributor Lazare Kaplan International (LKI.)
On Friday, March 7, 2008, following a two-week trial in the U.S. District Court for the Southern District of New [...]
Etruscan provides February sales
by Jo Black
Mountain Lake Resources Inc. announces that Etruscan Diamonds Ltd. reported that diamond sales for the month of February averaged in excess of US$750 per carat. These prices are well in excess of the US$466 per carat value ascribed in the recently reported National Instrument 43-101 (”NI 43-101″) compliant resource estimate for the Blue Gum Project [...]
Pangea’s bulk sampling commissioned
by Jo Black
Pangea Diamondfields plc, the mid-tier diamond producer and exploration company announces that the bulk sampling plant delivered to its Longatshimo River project in the Democratic Republic of the Congo during December 2007 has been successfully constructed and commissioned.
The on site operational team managed to construct and commission the bulk sampling plant despite the heavy seasonal [...]
Sampling results confirms Gawain Grade
by Jo Black
Australian diamond explorer North Australian Diamonds Limited has increased the total JORC compliant ‘Indicated and Inferred Resource’ at its 100 per cent owned Merlin Diamond Project in the Northern Territory of Australia, following successful drilling into the PalSac pipe as part of phase two of the resource definition drilling programme.
This drill hole, which was angled [...]
Diamonds North receives diamonds results
by Jo Black
Diamonds North Resources Ltd. announces favourable diamond counts from the Qavvik-5 and Qavvik-6 kimberlites located on the Company’s 100% owned Amaruk property in the Pelly Bay Diamond District of Nunavut. A total of 130 diamonds have been recovered from 103.4 kilograms of Qavvik-5 and 118 diamonds were recovered from a 107.7 kilogram sample of Qavvik-6. [...]