Prime sets shareholder meeting
At a meeting scheduled for Dec. 1, shareholders of Prime Resources Group (PRU-T) will be asked to approve a bid by Homestake Mining (HM-N) for the 49.4% of the company that it does not already own.Und…
News
Kennecott finds second pipe
Kennecott Canada is two-for-two so far on the Legend property in northeastern Alberta. The Rio Tinto (RTP-N) subsidiary has intersected its second kimberlite body while drilling the Roc anomaly, the s…
DIAMONDS — Speculation grows that BHP could sell stake in Ekati
SPECIAL TO THE NORTHERN MINERThe finishing touches were barely in place at the Ekati mine when analysts and fund managers began speculating that Broken Hill Proprietary (BHP-N) might sell its controli…
DIAMONDS — Production by Juina Mining delayed in Brazil
A dip in its stock price has prevented Juina Mining (GEMM-O) from raising the necessary financing to begin production at an alluvial diamond concession in southwestern Brazil.The Reno-based junior had…
DIAMONDS — Archon gains piece of Buffer Zone claims in NWT
Archon Minerals (ACS-V) has been given the green light by the Vancouver Stock Exchange to acquire a 31.2% participating interest in the Buffer Zone diamond claims, near the Ekati mine in the Northwest…
DIAMONDS — Trans Hex renews quest for Brazilian diamonds
Trans Hex International (THI-T) is once again searching Brazil’s river systems for alluvial diamonds.The Toronto-based company’s latest venture centres on a 49,000-ha property stretching along 50 km o…
DIAMONDS — Pinewood examines Afridi
Hoping to imitate its neighbor’s success, Pinewood Resources (PNW-V) is carrying out an airborne electromagnetic and magnetic survey at its Afridi Lake diamond project, 320 km northeast of Yellowknife…
DIAMONDS — Like a shot-gun blast from below
Diamond deposits begin forming 150-200 km below the thickest portion of the earth’s crust, where the right combination of cool temperatures and high pressures converts carbon not into the more common …
DIAMONDS — Citation acquires Quadrant’s diamond projects
Following several months of delays, Vancouver-based junior Citation Resources (CUE-V) has finally completed a deal to acquire diamond projects in western Greenland and Australia from Australian-based …
DIAMONDS — The millionaire prospectors
Charles FipkeCharles (Chuck) Fipke, known worldwide for his tenacious and ultimately successful 10-year diamond hunt in the barrens, is synonymous with Canadian diamonds.The chairman of Dia Met Minera…
DIAMONDS — Value-added for Canadian diamonds
The impact of diamond mining on the Canadian economy would multiply several-fold if the country established a secondary industry to cut, polish and market the production.Traditionally, about 20% of th…
VenCan wins day in court
An Ontario Court has denied River Gold Mines’ (RIV-T) request to relieve it from forfeiture of a lease to operate the Edwards gold mine northeast of Wawa, Ont.The decision came a day after mine owner …