Diamonds North recovers 2850 diamonds
by Jo Black
Diamonds North Resources Ltd. announces the recovery of 2850 diamonds from the remaining 412.15 kilograms of percussion drill sample collected from the Tuktu-1 kimberlite in 2007. Sample Tuktu-1B exhibits a significant increase in larger sized diamonds. The Tuktu-1 kimberlite is located on the Company’s 100% owned Amaruk property in the Pelly Bay Diamond District of [...]
Ualliq exploration program is underway
by Jo Black
Diamonds North Resources and International Samuel Exploration Corp. announce that the 2008 Ualliq exploration program is underway. A total of 330 airborne geophysical targets have been identified, of which approximately 80 are rated as high to moderate priority. Significantly, 47 of the targets range in size from 2 to 7 hectares.
The Companies have approved [...]
Vaaldiam updates on Candle Lake
by Jo Black
Novori Inc., a leading online interactive retailer of fine diamond engagement rings and jewelry, announces, pursuant to the upcoming merger with Zalemark Inc., the appointment of Steven Zale as a member of the Board of Directors of Novori Inc.
Steven Zale brings with him nearly three decades of jewelry industry experience. Mr. Zale has an [...]
Diagem updates chapadăo samples
by Jo Black
Diagem Inc. report that in addition to the gem-quality 6.23 carat diamond recovered in its first bulk sample on the Chapadão, the second bulk sample recovered 13 diamonds larger than one carat three of which are white gem-quality diamonds weighing 1.76, 1.38 and 1.20 carats. Some of the other diamonds may be classified as [...]
Brazilian Diamonds provides holdings
by Jo Black
The Directors of Brazilian Diamonds Limited announce that the Company has been advised that Matterhorn Investment Management LLP (MIM) holds a total of 11,981,441 common shares in the Company which represents 6.16 per cent of the issued share capital of the Company.
Brazilian Diamonds understands that MIM holds these shares on behalf of a number [...]
Zale’s 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 $50 million in the Company’s stock repurchase program.
The new $50 million authorization brings the total authorized to $350 million for fiscal 2008. The Company, fiscal year-to-date, has repurchased 13.8 million shares, at [...]
Diamcor bid for the Alluvial deposit
by Jo Black
Diamcor Mining Inc., through its 70%-owned South African subsidiary, DMI Minerals South Africa (Proprietary) Limited (DMI South Africa), has received confirmation from De Beers Consolidated Mines Limited (De Beers) that its proposal to acquire the Krone-Endora alluvial deposit has been approved as the successful proposal. The Deposit consists of prospecting rights over the farms Krone [...]
DFI operations in Marshall Forks
by Jo Black
Diamond Fields International Ltd. announces that its mining ship, the DF Discoverer, has arrived at the Marshall Forks East region of DFI’s exclusive license area and will begin mining immediately. Commenting on the move, Wayne Malouf, Diamond Field’s CEO said, DFI has been excited about the resource in Marshall Forks. With the completion of the [...]
Diamcor to issue compensation shares
by Jo Black
Diamcor Mining Inc., upon the recommendation of its Compensation Committee and subject to TSX Venture Exchange and disinterested shareholder approval, has authorized the granting of an aggregate of 568,940 compensation shares of common stock (Compensation Shares) to certain Company officers, directors and employees at a deemed issue price of $0.50 per Compensation Share.
The Compensation [...]
Diagem’s higher grade at Chapadăo
by Jo Black
Diagem Inc. reports a higher grade in the second 2008 bulk sample from its Chapadão Project in Mato Grosso, Brazil. Bulk sample BT-02 returned an in-situ grade of 0.68 ct/m³ from the processing of 94 m³ of the ash fall layer. The sample yielded 556 diamonds weighing 111 carats for an average diamond weight [...]
Richemont restructuring proposals
by Jo Black
In November 2007, Richemont announced that it was studying plans which might lead to a separation of its luxury goods operations from its other interests, which include its investment in British American Tobacco plc (BAT).
Richemont has conducted an extensive review of potential alternatives open to the Group in anticipation of the elimination of Luxembourg 1929 [...]
Diagem temporarily halts exploration
by Jo Black
Diagem Inc. temporarily froze its exploration activities in the Juína Diamond Province of Mato Grosso, Brazil and has initiated procedures to significantly reduce its Brazilian workforce until a resolution to the embargo imposed by the Brazilian Federal Environmental Agency (IBAMA) is reached.
Diagem’s legal counsel in Brazil is confident that the IBAMA embargo [...]
Rockwell estimates nine month earnings
by Jo Black
Rockwell Diamonds Inc. advises shareholders that earnings per share for the nine month period ending 29 February 2008, being the date the Company has changed its financial year end, is expected to show an estimated loss of approximately $0.05 per share.
Basic and fully diluted per share loss figures will be included in the definitive [...]
Patrician completes private placement
by Jo Black
Patrician Diamonds Inc. announces the completion of a non-brokered private placement of $225,000 through the issuance of 2,500,000 non-flow-through units (the “Units”) at $0.09 per Unit. The Units are comprised of one non-flow-through common share and one share purchase warrant for a non-flow-through common share.
Each warrant is exercisable at $0.12 on or before May [...]
Rockwell operations at Saxendrift
by Jo Black
Rockwell Diamonds Inc. has made good progress with the re-commissioning of existing diamond processing plants and start-up of mining operations at the Saxendrift alluvial diamond mine in South Africa.
The Saxendrift Mine is located on the south bank of the Middle Orange River, across from Rockwell’s Wouterspan operation, and is part of the Middle Orange River [...]
Zale reports EPS loss
by Jo Black
Zale Corporation, a leading specialty retailer of fine jewelry in North America, today reported a net loss from continuing operations for the third quarter of fiscal 2008 of $17.4 million, or $0.42 per share, compared to a loss of $5.0 million, or $0.10 per share for the third quarter of fiscal 2007.
In February, Zale [...]
Novori to merge with Zalemark
by Jo Black
Novori Inc., a leading online interactive retailer of fine diamond engagement rings and jewelry, has entered into an agreement with intent to merge with Zalemark Inc. The merger, which is subject to negotiation and execution of binding definitive documents, satisfaction of certain conditions precedent, approval by Novori shareholders and other ordinary and customary closing conditions [...]
Vaaldiam recoveres 30.95 carat diamond
by Jo Black
Vaaldiam Resources Ltd. announces the recovery of a 30.95 carat diamond from its Chapada Mine in Brazil. This remarkable octahedral diamond which is the second largest diamond recovered from the mine is of excellent colour and displays high clarity. The largest diamond ever recovered from the Chapada mine was 33.44 carats. The diamond will be [...]
Motapa updates Mothae project
by Jo Black
Motapa Diamonds Inc and partner Lucara Diamond Corp. provides the following update on progress at the Mothae kimberlite project in Lesotho. Subsequent to the diamond recovery results announced on April 21, 2008, processing of three additional samples has been completed, bringing the total dry tonnes processed to 16,300. This sample tonnage estimate is based on [...]
Patrician completes private placement
by Jo Black
Patrician Diamonds Inc. announces the completion of a private placement of $800,000 through the issuance of 8,000,000 flow-through units (the “FT Units”) at $0.10 per FT Unit to the MineralFields Group.
The FT Units are comprised of one flow-through common share and one share purchase warrant for a non-flow-through common share. Each warrant is exercisable [...]