Stornoway closes $22 million private placement
by Tiffany Marlow
Stornoway Diamond Corporation, one of Canada’s leading diamond exploration and development companies, has closed a $22 million private placement comprising 24,444,444 common shares at a price of $0.90 per common share split equally between Agnico-Eagle Mines Limited and Lorito Holdings Limited.
Agnico-Eagle and Lorito agreed to amend the debentures to permit Stornoway to redeem them prior [...]
Grizzly updates Buffalo Head Hills diamond properties
by Tiffany Marlow
Grizzly Diamonds Ltd., an aggressive Canadian exploration company focused on exploring for diamonds in Alberta and precious metals in North America, provides the following exploration update for a number of its 100% owned Alberta Diamond Properties in the Buffalo Head Hills of Northern Alberta.
The company has completed full airborne coverage over all Grizzly Alberta diamond [...]
Sola Resource updates on Carolina kimberlite progressing
by Sarah Wilsdon
Sola Resource Corp., a Canadian listed company actively exploring a known bedrock diamond deposit in Brazil (the Carolina Kimberlite pipe), as well as exploring for other occurrences of diamonds, announce that its 20,000 tonne bulk sampling and testing program on the diamond-bearing Carolina kimberlite pipe near Espigao d’Oeste in the State of Rondonia, Brazil is [...]
Diamondcorp secures US$5 million loan
by Tiffany Marlow
DiamondCorp plc, an emerging diamond producer in South Africa, has arranged a loan facility to an amount of US$5 million with Africa Opportunity Fund LP (AOF).
The AOF loan comprises cumulative, redeemable, secured bonds which bear interest at a rate of 12 per cent per annum. The bonds are to be repaid over three years, [...]
BRC Diamondcore 4th tender realises US$668,845
by Sarah Wilsdon
BRC DiamondCore Ltd., an African-focused diamond explorer active in South Africa and the Democratic Republic of the Congo, announces the results of its fourth tender sale of diamonds from its Paardeberg East kimberlite and Silverstreams alluvial trial mining projects in South Africa’s Northern Cape Province.
The company has sold 1,325.60 carats with an average value of [...]
Petra’s revenues jump 359% in FY08
by Tiffany Marlow
Petra Diamonds Limited, an international diamond mining group with a balanced portfolio combining major producing mines, world class exploration assets and a cutting and polishing business, provides trading update for 12 months to 30 June 2008.
The company said that its mining revenue soars by 359% during the FY08. The company’s mine revenue for the period: [...]
Diavik provides Q2 2008 update
by Sarah Wilsdon
Diavik Diamond Mines Inc. (DDMI), the operator of the Diavik Diamond Mine, a diamond mine in the North Slave Region of the Northwest Territories, Canada, provides update on work during the second quarter of 2008.
The company claims that improved operating conditions has accelerated the ore production in the second quarter. Ore was mined predominantly from [...]
Verena retains Renmark Financial Communications Inc.
by Tiffany Marlow
Verena Minerals Corporation, a Canadian-based mineral exploration company with an outstanding portfolio of properties including gold, diamonds and gemstones in Brazil, has retained the services of Renmark Financial Communications Inc. to handle its investor relations activities.
Mr. Ron W. Stewart, President & CEO of Verena, said, we have selected Renmark to reinforce Verena Minerals’ profile in [...]
Motapa provides 1Q financial statements
by Sarah Wilsdon
Motapa Diamonds Inc., among the leading diamond explorers in Africa, has filed its interim consolidated financial statements and its Management Discussion and Analysis for the 3 months ended May 31, 2008 with regulatory authorities.
The interim consolidated financial statements were prepared by management in accordance with Canadian generally accepted accounting principals and were not reviewed [...]
Rockwell suspends operations at Wouterspan Mine
by Jo Black
Rockwell Diamonds Inc., a mining company focused on creating a growth-oriented mid-tier diamond mining and exploration company, has suspended mining and processing operations at its Wouterspan mine on the Middle Orange River. The company’s move to suspend operation is a consequence of industrial action
The company will provide an update on the Wouterspan situation once it [...]
Peregrine discovers Kimberlite at Chidliak
by Tiffany Marlow
Peregrine Diamonds Ltd., primarily focused on diamond development and exploration in Canada, has announced discovery of a new kimberlite on the Chidliak property (Chidliak), in Baffin Island, Nunavut, Canada.
While announcing this, Mr. Brooke Clements, President and Mr. Eric Friedland, Chief Executive Officer of Peregrine Diamonds Ltd., said that a kimberlite outcrop was discovered within a [...]
Tres-Or Resources updates on Lapointe pipe
by Sarah Wilsdon
Tres-Or Resources Ltd., a Canadian resource exploration company focused on the exploration of diamonds and precious/base metals projects located in northeastern Ontario and northwestern Quebec, provides an update on the progress of processing the Lapointe Kimberlite macro-diamond test at the Stornoway Diamond Corporation (Stornoway) dense media separation (DMS) facility in Thunder Bay, Ontario.
Stornoway facility [...]
Pure Diamonds acquires Baffin Island project
by Tiffany Marlow
Pure Diamonds Exploration Inc., a pioneer in diamond exploration in Alberta, has acquired a 100% interest in the Baffin Island Project, which has been the site of two discoveries of kimberlite in situ associated with a large target area defined by kimberlite boulders, kimberlite indicator mineral anomalies and geophysical targets.
Two discoveries which includes, the [...]
Motapa provides phase 1 bulk sample results
by Sarah Wilsdon
Motapa Diamonds Inc., along with its partner Lucara Diamond Corp. has completed the Phase 1 of the bulk sample program yielding 1,296 diamonds weighing a total of 585.15 carats from 25,552 dry tonnes of kimberlite for an average grade of 2.29 carats per hundred tonnes (cpht).
An audit of diamond recovery tailings is underway using [...]
Lucara to start trading on the TSX Venture Exchange
by Tiffany Marlow
Lucara Diamond Corp.says that its common shares will commence trading on the TSX Venture Exchange at the market opening on Monday July 21, 2008 under the trading symbol “LUC” (CUSIP number 54928Q108).
The company’s shares from the CNQ has been be delisted at the close of market on July 18, 2008.
Lukas Lundin, President of Lucara, [...]
Vaaldiam announces management appointments
by Sarah Wilsdon
Vaaldiam Resources Ltd., South America’s largest diamond producer through the 100% ownership of two producing mines in Brazil, announces the following management appointments.
The company has appointed Mr. Jonathan Hsuan, as the Vice President, Operations. Mr. Jonathan Hsuan, a graduate of the Royal School of Mines in London, England, has a vast experience of 24 [...]
Sanatana receives sample results from Dharma Uttar
by Tiffany Marlow
Sanatana Diamonds Inc., a Canadian-based diamond exploration and development company, has received the complete sample of caustic fusion diamond results from its newly discovered Dharma Uttar kimberlite pipe.
The company had recovered 227 diamonds greater than 0.106mm from the kimberlite, which include eight stones that sit above the 0.85mm sieve and these weigh, in aggregate, [...]
Dianor completes $365,000 private placement
by Sarah Wilsdon
Dianor Resources Inc., an innovative exploration company focused on advancing diamond exploration properties in Canada, has held a third and final closing of its previously-announced private placement with Northern Securities Inc. and Desjardins Securities Inc.
Dianor completed the third leg of private placement by placing 1,166,667 “flow-through” units at a price of $0.30 per unit [...]
Petra completes acquisition of Cullinan Diamond Mine
by Tiffany Marlow
Petra Diamonds Limited, the international diamond mining group, has completed the acquisition of the Cullinan diamond mine (Cullinan) by the Petra Diamonds Cullinan Consortium (PDCC) from De Beers Consolidated Mines (De Beers).
The Cullinan kimberlite pipe is the second largest indicated diamond resource in the world by in-situ value. Petra’s initial interest in PDCC is [...]
Latin American Minerals discovers diamonds in Paraguay
by Sarah Wilsdon
Latin American Minerals Inc., is a mineral exploration company focused on the acquisition and development of properties of highly prospective countries of Latin America, has discovered 10 diamonds, ranging in size from 0.002 to 0.04 carats on its Capiibary Diamond Exploration Property in north-eastern Paraguay.
The Capiibary Diamond Exploration Property, which covers an area [...]