The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 70 of 70
Kennady Diamonds Inc. reported the completion of a 2015 infill drill program at the Kelvin kimberlite of the Kennady North diamond project in Northwest Territories. "The Kelvin infill drilling has been very successful, and we expect the results to add to our previous Kelvin tonnage estimate. Preparation of the maiden resource statement is underway and expected to be completed before the end of the year," said Kennady Diamonds President and CEO Patrick Evans. Exploration...
Kennady Diamonds Inc. June 22 reported diamond recovery results from a 2.7-metric-ton sample of kimberlite from the 2015 winter drill program at the Kelvin North Lobe of its Kennady North project in Northwest Territories. The sample, which was processed at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council, averaged 2.74 carats of commercial-size diamonds per metric ton. Kennady Diamonds CEO Patrick Evans said, "Based on drilling and sampling...
Kennady Diamonds Inc. May 13 and May 19 reported additional encouraging results from the current drilling at its Kennady North diamond project in Northwest Territories. The company said drilling at the Faraday 2 kimberlite has now defined the kimberlite over a strike of roughly 200 meters from southeast to northwest. One hole drilled in the northwest lobe of Faraday 2 cut 68 meters of kimberlite. "Exploration drilling at the northwest end of the Faraday 2 kimberlite has yet...
Kennady Diamonds Inc. April 23 reported further diamond recovery results from the 2014 summer/fall drilling of the Kelvin kimberlite at its Kennady North diamond project, Northwest Territories. A 1.83-metric-ton sample from the Kelvin South Lobe averaged 3.64 carats per metric ton of diamonds greater than 0.85 millimeters. The four largest diamonds recovered from the Kelvin South Lobe sample are: 1.36 carat off-white, transparent, macle (twinned) with inclusions; 0.68 carat...
Kennady Diamonds Inc. March 10 reported the closing of the final tranche of a C$18.64 million non-brokered private placement financing. In this third tranche, the diamond exploration company issued 651,312 shares at C$3.55 each for C$2.31 million. Proceeds of the private placement will be used primarily for the 2015 winter exploration program at the company's Kennady North project located immediately adjacent to the De Beers-Mountain Province Diamonds Gahcho Kué diamond mine...
After ushering in devolution in concert with implementing the first phase of a well-reasoned mineral development strategy, the Northwest Territories is eager to attract new mineral resource investment in 2014 in hopes of building on an uptick in exploration activity in recent years. "The Canadian North is the next frontier in mining and mineral development and nowhere is this more evident than in the NWT," said NWT Industry, Tourism, and Investment Minister David Ramsay. Home to the third-richest diamond resources in the...
Since being spun-out of Mountain Province Diamonds Inc. in the summer of 2012, Kennady Diamonds Inc. has had a singular focus - find a next-generation Northwest Territories diamond mine at its Kennady North diamond project located 280 kilometers (174 miles) northeast of Yellowknife. Receiving a highly prospective diamond property enveloping three sides of the Gahcho Kué diamond mine project and C$3 million in seed money in exchange for slightly more than 16 million common...
Diamonds exploration heated up in the Northwest Territories in 2014 as more and more companies mounted campaigns aimed at identifying the next big discovery in a region that has already produced three operating diamond mines and one well-advanced mine project. "It's been an exciting season for us because on April 1, we took over management of mineral and oil and gas resources in the territory. Overall, we're seeing a consistent trend for exploration as well as a bit of a resurgence of interest in diamonds," Pam Strand,...
Northwest Territories continued to benefit in 2013 from a recent surge of exploration interest. A vast expanse of mountains, forests and tundra that is roughly two-thirds the size of Alaska, the territory covers 1.17 million square kilometers (431,162 square miles). "We have, in the North, what the world wants - what emerging markets need," Northwest Territories Premier Robert "Bob" McLeod told an audience at a Prospects North gathering in Yellowknife Sept. 11. "We are the third-largest diamond producer in the world. In...
KDI: TSX-V Chairman: Jonathan Christopher James Comerford President and CEO: Patrick C. Evans Kennady Diamonds in 2013 explored its Kennady North diamond project located to the west and north of the Gahcho Kué Joint Venture about 300 kilometers (186 miles) northeast of Yellowknife, Northwest Territories. Kennady North covers an area about 12,292 hectares (30,374 acres). The company, spun out in early 2012 from Mountain Province Diamonds Inc., followed up on 106 geophysical targets that have been identified at Kennady North....
Kennady Diamonds Inc. is wrapping up what its management describes as a very successful 2013 exploration season at its Kennady North Project located immediately north and west of the Gahcho Kué Joint Venture where De Beers Canada (51 percent) and Mountain Province Diamonds Inc. (49 percent) in Northwest Territories about 280 kilometers (174 miles) east-northeast of Yellowknife. The Gahcho Kué JV is currently working to develop the world's largest and richest diamond mine. The 13 leases and claims covering about 12,356 h...
A challenging economic climate in 2012 failed to impede growth in mining activity in Northwest Territories. As miners struggled to fund their work programs, numerous companies managed to plow ahead in the wake of regulatory improvements, advancing projects that could bring even more robust times to the territory's mineral resources sector. The Northwest Territories, one of Canada's three northern territories, is sandwiched between Yukon Territory to the west and Nunavut to the east. With a land mass of nearly 1,347,150...
MPV: TSX Chairman: Jonathan Christopher James Comerford, B.A. (Econ.), M.B.S. (Finance) President and CEO: Patrick C. Evans, B.A., B.Sc. Mountain Province Diamonds Inc. focused in 2012 on exploration and development of its diamond projects in Northwest Territories. The company and De Beers Canada, its 51 percent partner and operator of the Gahcho Kué Joint Venture, reported a 78.5 percent increase in the volume estimate of the Tuzo kimberlite pipe, one of three diamondiferous kimberlites at the Kennady Diamond Project that...
For a junior who lost a substantial funding partner, BHP Billiton Canada Inc., at the onset of the recent downturn in the financial markets, Peregrine Diamonds Ltd. hardly broke stride in exploration momentum in 2012. The aggressive explorer not only forged ahead with a substantial program at its highly prospective Chidliak diamond project on Baffin Island in Nunavut, it also made significant progress in identifying new kimberlites at its Lac De Gras projects in Northwest Territories. Further icing its cake, Peregrine success...
After 17 long years of working to develop the Gahcho Kué diamond deposit into what promises to be one of the world's largest and richest diamond mines, Mountain Province Diamonds Ltd. is turning its attention to the diamonds next door. The Toronto-based junior and its 51 percent partner De Beers are rapidly closing in on their long-sought goal at the Kennady Lake diamond project in the Northwest Territories. The joint venture is permitting an open-pit mine expected to produce about 4.5 million carats per year for 11 years...
MPV: TSX; MDM: AMEX Chairman: Jonathan Christopher James Comerford President and CEO: Patrick Evans Mountain Province Diamonds Inc. is a 23-year-old diamond exploration and development company based in Toronto, Ont. The company's primary asset is its 49 percent interest in Gahcho Kué, one of Canada's largest diamond deposits and the largest diamond mine under development in the world. In January 1995, Mountain Province discovered the 5034 pipe at Gahcho Kué, which is located in Northwest Territories. Two and a half years l...
The Northwest Territories has four operating mines: three diamond producers and one long-running tungsten operation. Exploration and development activity was brisk in 2008 with the most advanced projects located in the Slave Province. Here's a look at mining companies active during 2008 in the Northwest Territories: Producing mines BHP Billiton Diamonds Inc. (80 percent) and partners C. Fipke (10 percent) and S. Blusson (10 percent) produced about 3.5 million carats of rough diamonds at the Ekati diamond mine in 2008, making...
Mountain Province Diamonds Inc. Nov. 17 reported results of an independent valuation of the diamonds recovered from the Gahcho Kue Project during the exploration phase. The valuation was conducted by WWW International Diamond Consultants Ltd. and took place at the London offices of the Diamond Trading Co. Sept. 22-23. Subsequent to the valuation, WWW has revised its Price Book and all diamond values presented below are based on the WWW Price Book as of Oct. 13. Located on Kennady Lake 300 kilometers, or 186 miles, northeast o...
DeBeers Canada Inc. is exploring the Gahcho Kué project in the Northwest Territories this summer, hoping to confirm its potential to become the company's second major diamond mine in the Canadian Arctic. Of the four major mining projects De Beers is developing, two are in Canada, which has emerged in the past 15 years as one of the world's most prospective diamond mining regions. The two advanced Canadian developments are the Snap Lake Diamond Project in the Northwest Territories and the Victor Diamond Mine Project, in...
De Beers, the world's largest diamond company, is rapidly making itself at home in snow-bound Canada, thousands of miles from its base in South Africa. On the heels of its Snap Lake mine in Northwest Territories and the Victor mine in northern Ontario, De Beers filed permit applications in late November for the Gahcho Kué mine, also in Northwest Territories. The latest large-scale project will be a partnership with Mountain Province Diamonds (44.1 percent) and Camphor Ventures (4.9 percent). Construction at the Snap Lake...
