Etruscan on Blue Gum project
by Jo Black
Mountain Lake Resources Inc. announces that significant progress is being achieved by Etruscan Diamonds Ltd. (Etruscan Diamonds) on the Blue Gum Diamond Project located in the alluvial diamond district of Ventersdorp in South Africa.
According to the company, operations continue with 5,465 carats recovered from 209,231 cubic meters of gravel with an average rough [...]
BRC, Rio Tinto sign LoI
by Sarah Wilsdon
BRC DiamondCore Ltd, an African-focused diamond explorer active in South Africa and the DRC, has signed a Letter of Intent with Rio Tinto Mining and Exploration Limited (Rio Tinto), whereby Rio Tinto can earn a 60% interest in the Company’s five diamond exploration projects in the northern Democratic Republic of the Congo under a [...]
BRC updates Silverstreams project
by Jo Black
BRC DiamondCore Ltd., an African-focused diamond explorer active in South Africa and the Democratic Republic of the Congo, provides update on bulk sampling and exploration drilling on the Silverstreams Project in the Northern Cape Province of South Africa.
The Silverstreams Project, which is the most advanced of the Company’s alluvial diamond projects, covers 3,589 [...]
Rockwell’s 4th sale of 2008
by Sarah Wilsdon
Rockwell Diamonds Inc., a mid-tier diamond mining company, which has an interest in several producing and exploration alluvial diamond properties in southern and central Africa, reports on its fourth diamond sale in calendar 2008, completed on May 22, 2008.
According to the company, it offered a total of 2,142.52 carats for sale, representing diamond production for [...]
Dianor plans private placement
by Jo Black
Dianor Resources Inc., a mining company focused on advancing diamond exploration properties in Canada, has engaged Northern Securities Inc. for a best efforts private placement of up to $7.8 million in units at a price of $0.30 per unit, and of up to $5.2 million in “flow-through” units at a price of $0.35 per “flow-through” [...]
KimCor on South Africa operations
by Jo Black
KimCor Diamonds plc, an integrated diamond mining and exploration company focused on diamond production in Africa with complementary cutting and polishing operations, provides an update and progress report on the expansion programmes in South Africa.
The company said that during May SMI4 diamond recovery averaged 12.23cpht against a budget of 6cpht. The new equipment required to [...]
Diamonds North increases kimberlites
by Jo Black
Canada’s Diamonds North Resources Ltd. has discovered 3 new kimberlites on its totally owned Amaruk property. The company has also commenced the phase-I exploration program.
Providing details of the new kimberlites, the company said that Tuktu-10 was discovered approximately 1 kilometre south of Tuktu-1, while Qavvik-7 and Qavvik-8 were discovered adjacent to Qavvik-5. Representative samples [...]
Stornoway’s kimberlites diamondiferous
by Jo Black
Stornoway Diamond Corporation provides the following update for the 1.04 million acre Qilalugaq Project, situated north of Repulse Bay in Nunavut. The property hosts 17 kimberlites, including the 14 ha coalescing Q1-4 bodies, currently the largest known kimberlite in the eastern Arctic and the subject of a previous large scale sampling program by BHP Billiton [...]
Petra gets consent for Cullinan
by Jo Black
Petra, the international diamond mining group, announces that Ministerial consent has been granted for the cession and transfer of the Cullinan new order mining right to Cullinan Diamond Mine (Pty) Limited (’CDM’) from De Beers Consolidated Mines Limited (’De Beers’). CDM is wholly owned by the members of the Petra Diamonds Cullinan Consortium (’PDCC’), and [...]
Diamonds North provides updates
by Jo Black
Diamonds North Resources Ltd. announces that mineral chemistry data just received confirms the high diamond potential of the Tuktu-1 and Qavvik-4 kimberlites. Tuktu-1 and Qavvik-4 are two of 22 kimberlites discovered to date on its 100% owned Amaruk property located in the Pelly Bay Diamond District of Nunavut. Mineral chemistry data is pending for other [...]
Mano River results in 1Q08
by Jo Black
The Board of Mano River Resources Inc. releases the Accounts of the Company for the financial quarter ended March 31, 2008.
During the first quarter ended March 31, 2008, the Company realised a net loss of $745,653, or $0.002 cents per share as compared to a loss of $277,433 or $0.001 per share in the quarter [...]
Mountain reviewing strategic alternatives
by Jo Black
Mountain Province Diamonds Inc. announced that, with the support of its joint venture partner, De Beers Canada Inc., it has begun a process to review strategic alternatives in relation to the Gahcho Kué Joint Venture. The Company cautions shareholders that there is no assurance that the review will result in any specific transaction and no [...]
Peregrine Diamonds, Peregrine Metals merger
by Jo Black
Peregrine Diamonds Ltd. and Peregrine Metals Ltd. are pleased to announce that they have entered into a letter of intent for the purpose of effecting a business combination whereby the two companies will merge to form a new multi-commodity resource company to be called Peregrine Resources Ltd. (Peregrine Resources).
Both companies are currently working to [...]
Archangel to raise $170M
by Jo Black
Archangel Diamond Corporation has priced a private placement offering for the issuance from treasury of 136,000,000 subscription receipts (the “Subscription Receipts”) at a price of US$1.25 per Subscription Receipt for gross proceeds to Archangel of US$170 million (the “Private Placement Offering”). As previously announced, Archangel engaged Canaccord Capital Corporation and RBC Capital Markets (jointly, the [...]
BRC DiamondCore’s third tender sale
by Jo Black
BRC DiamondCore Ltd. announces the results of its third tender sale for diamonds from its Paardeberg East kimberlite and Silverstreams alluvial trial mining projects in South Africa’s Northern Cape Province.
Highlights:
1,909.19 carats in total were sold for US$2,492,715.
A 77.34 carat stone recovered from a Silverstreams high terrace channel trench, where bulk sampling has been [...]
Grizzly updates BC exploration
by Jo Black
Grizzly Diamonds Ltd. provides the following property and exploration update for a number of its 100% owned British Columbia precious and base metal properties.
Grizzly has signed an amendment to the option agreement dated March 1, 2008 with Mineworks Ventures Inc. (Mineworks), a private B.C. based company at ‘arms length’ to Grizzly, to acquire 100% mineral [...]
Rockwell’s fiscal 2008 results
by Jo Black
Rockwell Diamonds Inc. announces financial results for the nine months ending February 29, 2008(1). Dollar amounts are in Canadian currency unless otherwise indicated.
(1) During the year, the Company changed its fiscal year end from the end of May to the end of February. As a result the 2008 fiscal period is nine months.
Rockwell is positioned [...]
Cape signs agreement with KMG
by Jo Black
Cape Diamonds PLC has signed an agreement with KMG Diamond Resources Plc (KMG) to acquire the entire issued share capital of its operating subsidiary KMG Diamond Resources (Pty) Limited (KMG (SA)). KMG (SA) operates two mines located in the Kimberley area of South Africa, namely the Frank Smith Mine and the Loxton Dal Mine, the [...]
Mano closes private placement
by Jo Black
Mano, the TSX-V and AIM-listed exploration and development company focussed on gold, diamonds and iron ore in west Africa, has successfully completed a non-brokered private placement of a total of 20,000,000 new common shares (Placing Shares) and 20,000,000 warrants at a price of 10p per Placing Share with Severstal, which was previously announced on 23 [...]
Kopane appoints director
by Jo Black
Kopane Diamond announces the appointment of Mr Edward Marlow, aged 44 as a non-executive Director of the Company. Mr Marlow is currently Managing Director, Emerging Markets at HSBC Principal Investments.
The Company also announces that it has received notification that HSBC Principal Investments holds 19,700,000 Ordinary Shares of 5 pence each in the Company. This [...]