Caldera to acquire Western Australian
by Jo Black
Caldera Resources Inc. has entered into a letter of intent (LOI) with Western Australian Diamonds Inc. (WAD) of Vancouver B.C. to enter into a friendly merger (the Transaction).
Under the terms of the Transaction, Caldera and WAD will enter into a statutory plan of arrangement, whereby Caldera and WAD will merge their businesses into a new [...]
GIA elects 3 new members
by Jo Black
The Gemological Institute of America (GIA) has announced the election of Jeffrey H. Fischer, James P. Shinehouse and Ephraim Zion to its Board of Governors. The new Governors will assume their duties at the next GIA Board of Governors’ meeting in New York in May, 2008.
Fischer and Zion come to GIA from significant positions within [...]
Vaaldiam’s initial tonnage estimate
by Jo Black
Vaaldiam Resources Ltd. announces an initial tonnage estimate of 4.7 million to 5.5 million tonnes for the Brauna 3 kimberlite pipe, situated on the Company’s 100% owned Brauna diamond property, Bahia State, Brazil. The Brauna 3 pipe is one of four diamond-bearing kimberlite pipes discovered to date. The pipes are known to be associated with [...]
DiamonEx updates on Lerala Mine
by Jo Black
The commissioning phase for the Lerala Mine commenced in April with full-scale production of diamonds scheduled for June 2008. First diamonds will be processed and ready for sale in July 2008 through WWW International Diamond Consultants - one of the world’s leading diamond marketing and valuation companies (WWW IDC).
Commissioning of the Mine marks the final [...]
Tahera Diamond provides update
by Jo Black
Tahera Diamond Corporation intends to satisfy the alternative information guidelines recommended by Ontario Securities Commission (OSC) Policy 57-603 and Canadian Securities Administrators Staff Notice 57-301.
The company has completed processing at the Jericho Mine. The processing plant and mine infrastructure are now being prepared for a period of care and maintenance. It is expected that this [...]
Stornoway’s new diamond valuation results
by Jo Black
Stornoway Diamond Corporation provides new diamond valuation results from the Renard 2, 3 and 4 kimberlite pipes, and Lynx and Hibou kimberlite dykes, located at the Foxtrot Property in North Central Québec.
The Foxtrot Property is a 50:50 joint venture with SOQUEM INC. (SOQUEM). The new valuations have been obtained to provide current [...]
Delta issues corporate update
by Jo Black
Delta Mining and Exploration provides the following company update.
Due to unforeseen delays, the kimberlite and mantle xenolith samples collected from the 30 tonne bulk sampling program have not been analyzed as quickly as the company had anticipated. Currently, all samples are in the Saskatchewan, Canada, safely stored in the laboratory’s secure storage facilities. As [...]
Diamonds North’s report to shareholders
by Jo Black
Diamonds North Resources Ltd. has filed its 2007 Annual and Shareholder’s Report.
Exploration programs for the 100% owned Amaruk project are underway. The main camp is open and fully operational plus a second camp has been established near the Tuktu kimberlite cluster and the Tunerq nickel prospect. Detailed exploration plans will be released shortly that [...]
Petra appoints Joint Broker
by Jo Black
Petra Diamonds Limited announces the appointment of BMO Capital Markets as Joint Broker to the Company with immediate effect.
This appointment is a further step in the development of Petra’s corporate strategy as the Company seeks to widen and diversify its investor base.
BMO Capital Markets is one of the leading investment banks operating in the global [...]
BRC’s tender realises $750,077
by Jo Black
BRC DiamondCore Ltd. has realized US$750,077 from its second tender of diamonds - comprising a total of 1,651.02 carats - recovered from bulk sampling/trial mining at its Silverstreams alluvial and Paardeberg East kimberlite projects in South Africa’s Northern Cape Province.
Commenting on the tender for the month of April - comprising production from the two projects [...]
Namakwa agreement with Harry Winston
by Jo Black
Namakwa Diamonds Limited has signed a marketing agreement with Harry Winston Inc., the premier jewellery and timepiece retailer, whereby Namakwa will supply Harry Winston with polished diamonds suitable for sale through their salons worldwide and Namakwa will have the opportunity to benefit from the retail pricing of certain diamonds sourced through Namakwa. The combination of [...]
Mexivada’s diamond concessions
by Jo Black
Mexivada reports that its Malambani-Diamond, Malambani-Gold, and Bitsandou-Diamond Permis des Recherches for diamonds and gold / connected substances in the Republic of Congo (Brazzaville) (ROC Congo) were approved and signed on April 3rd by Hon. Denis SASSOU N’GUESSO, the President and Head of State of the ROC Congo.
Mines Ministre Pierre OBA also signed these [...]
Dubai, China to promote jewellery
by Jo Black
Dubai Multi Commodities Centre (DMCC) has signed a Memorandum of Understanding (MoU) with the People’s Government of Panyu District, China, for increased cooperation towards mutual growth and the promotion of jewellery trade between both countries, with a special focus on diamonds and coloured stones. The MoU is in line with the recent visit of [...]
Rockwell’s April 2008 diamond sale
by Jo Black
Rockwell Diamonds Inc. reports on its third diamond sale for 2008, completed on April 17th, 2008.
The Company offered a total of 2,712.75 carats for sale, representing diamond production for the end of February and all of March 2008 from the Wouterspan, Holpan and Klipdam mining operations. Rockwell realized total revenue of US$4,527,307 for this sale, [...]
Gem Diamonds reports annual results
by Jo Black
2007 was Gem Diamonds first financial year as a listed company. The Company’s focus for the year was the execution of its acquisition strategy outlined at the time of its IPO as well as the development of existing assets to increase production. During the year capital raised on IPO was deployed on acquisitions in Australia, [...]
Paramount sells 15ct diamond
by Jo Black
A diamond weighing 15.47 carats, almost twice the size of any recovered to date from the Peakstar Project, South Africa, sold late last week for 1,344,359 South African Rands (US$170,172).
At over US$11,000 per carat, this D colour clear white stone is the most valuable so far recovered from bulk sample testing of one of several [...]
Union Diamond marks milestone
by Jo Black
Union Diamond Corporation, the leading online diamond and jewelry purveyor had recently reached a milestone and has been rewarded for its excellent customer service with a huge single sale worth a whopping $390,000 to a returning customer. With this sale, Union Diamond can now boast its first million dollar customer.
The announcement of our first [...]
Indicator’s drill program at Barrow
by Jo Black
Indicator Minerals Inc. has initiated the 2008 field program on the Barrow Project.
Crews and equipment have been mobilised to the Barrow Property to commence the first phase of the 2008 drilling program. The focus of this six-week program is to test between eight and ten targets that are located within lakes and must be [...]
Afri-Can revises Namibia estimation
by Jo Black
Afri-Can Marine Minerals Corporation announces that Delmar Geoservices Ltd. has completed its interpretation and analysis of the Phase 2 geophysical and vibracore sampling programme, in a technical report entitled “The Geological History of EPL 2499 (Block J), Offshore, Republic of Namibia, with special reference to diamond mineralisation.”
The report is prepared in accordance with the [...]
Motapa Ist diamond from Mothae
by Jo Black
Motapa Diamonds Inc. and partner Lucara Diamond Corp. provides the following update on progress at the Mothae kimberlite project in Lesotho.
Processing of three bulk samples from the Mothae kimberlite has yielded 267 diamonds with a total weight of 132.31 carats. Nine diamonds exceed two carats with the largest stone being 8.65 carats.
These are the first [...]