The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 25 of 58
EHR Resources Ltd. Sept. 22 announced that former De Beers Canada CEO Kim Truter has joined its board of directors. "I am delighted to welcome Kim to the EHR board," said EHR Resources Chairman Stephen Dennis. "His wealth of skills and experience in all facets of the diamond industry will be of enormous value as we advance our growth-focused diamond strategy, particularly as we continue to examine international M&A (mergers and acquisitions) opportunities on operating mines...
Peregrine Diamonds Ltd. Aug. 31 reported that its shareholders have overwhelmingly approved the arrangement for De Beers Canada Inc. to buy the Nunavut-focused diamond explorer. In July, De Beers agreed to acquire Peregrine in a cash deal worth roughly C$107 million. Under the terms of the agreement, De Beers is to acquire all of Peregrine's outstanding common shares for C24 cents each, a 50 percent premium to Peregrine's share price of C16 cents on July 18. Peregrine's primar...
Peregrine Diamonds Ltd. July 19 announced that De Beers Canada Inc. has agreed to buy the exploration company in a cash deal worth roughly C$107 million. Under the terms of the agreement, De Beers is to acquire all of Peregrine's outstanding common shares for C24 cents each, a 50 percent premium to Peregrine's share price of C16 cents on July 18. In May, Peregrine Diamonds published an updated preliminary economic assessment for its Chidliak project in Nunavut that envisions...
Peregrine Diamonds Ltd. May 23 published an updated preliminary economic assessment at Chidliak that shows a substantial increase in the diamonds recovered and financial returns from an initial phase of development at this project in Nunavut. In 2016, the company completed a PEA for Chidliak that envisioned a phase-1 mine that would produce an average of 1.2 million carats per year over an initial 10-year mine life. This mine was calculated to produce an after-tax net present...
Peregrine Diamonds Ltd. Feb. 15 reported that its 2017 resource development program has increased the inferred mineral resource of the CH-6 kimberlite pipe at the company's Chidliak diamond project in Nunavut by 58 percent. The 2017 drill program at Chidliak delineated the high-grade CH-6 kimberlite pipe to a depth of 540 meters below surface. As a result, the inferred resource has been expanded to 17.96 million carats of diamonds in 7.46 million metric tons of inferred...
Twenty years ago, Canada created the territory of Nunavut, carving out the easternmost part of the Northwest Territories to form the country's northernmost jurisdiction. A vast land of lakes and tundra sprawled across the North from the Hudson Bay to the Arctic Ocean and east to Baffin Bay and the coastal waters of Greenland, Nunavut is home to only about 38,000 people, of whom 85 percent are indigenous Inuit who have lived in this frozen land for millennia. Since 1999,...
Canada is the world's top destination for mining exploration spending, attracting more than 14 percent of global budgeted expenditures from explorers seeking to tap the country's vast mineral wealth. Yet in 2017, the three huge mineral-rich territories to the north, Nunavut, Northwest Territories and Yukon Territory, lured only about C$360 million, or less than one-fifth of the roughly $2.1 billion that junior and senior mining companies invested in mineral exploration and dep...
Peregrine Diamonds Ltd. continues to focus on the exploration and potential development of its Chidliak diamond project located roughly 120 kilometers (75 miles) north of Iqaluit, the capital of Nunavut. Since 2008, 71 kimberlites have been identified on the 748,000-hectare (1.85 million acres) Chidliak property, eight of which are considered to be potentially economic. In July, the company published results from a preliminary economic assessment for an initial phase of development at two of these kimberlite pipes, CH-6 and...
Nunavut seems to be ahead of the curve when it comes to recovering from the global downturn in mineral exploration spending. An estimated C$202.5 million was invested in unlocking this Canadian territory's mineral potential in 2015. This 28 percent increase over the C$158 million invested in 2014 came at a time when most jurisdictions around the world were continuing a four-year trend of sharp drops in mineral exploration. While early estimates have Nunavut giving up some...
Endowed with some of the largest undeveloped mineral belts in the world, investment in public geoscience has shown the potential of Nunavut. The 2 million square kilometers (772,000 square miles) of the territory is geologically diverse and offers the potential for many commodities, including gold, diamonds, uranium, iron, base metals, nickel and platinum, making it an attractive destination for exploration. Although many new discoveries are yet to be made, existing mineral...
Peregrine Diamonds Ltd. continues to focus on the exploration and potential development of its Chidliak diamond project located roughly 120 kilometers (75 miles) north of Iqaluit, the capital of Nunavut. The company has identified 71 kimberlites on the 413,000-hectare (1 million acres) Chidliak property, eight of which are considered to be potentially economic. A 2016 preliminary economic assessment for developing two of these kimberlite pipes, CH-6 and CH-7, envisions an open-pit diamond mine with a life of roughly 10...
Nunavut is a vast and minerals-rich swath of the Earth's crust and Nunavummiut, or the people who live there, see mining as the foundation of the territory's future. "The mining industry brings employment and career opportunities for residents of Nunavut and provides much-needed economic benefits to families where the cost of living is high," said Nunavut Minister of Economic Development and Transportation Monica Ell-Kanayuk. To create the conditions for a strong mining...
Peregrine Diamonds Ltd. March 6 reported that a recently completed internal study indicates that development of adding underground mining to the proposed development of an open-pit mine at the company's CH-6 kimberlite pipe may enhance the economics of this diamond project on the Chidliak property in Nunavut. A preliminary economic assessment completed last summer by JDS Energy & Mining Inc. envisioned an open-pit diamond mine with a life of roughly 10 years. Production would start at the CH-6, a kimberlite with 4.64 million...
Peregrine Diamonds Ltd. Aug. 23 said a three-hole, 1,474-meter drill program confirms the expansion potential of the CH-6 kimberlite at its Chidliak diamond project in Nunavut. DD36, a 378-meter vertical hole, intersected kimberlite from 4.5 to 295.8 meters below surface, which is consistent with the current resource model for the CH-6 kimberlite. DD38 cut 190.2 meters of typical olivine-rich CH-6 kimberlite from 277 to 442 meters below the surface, confirming previous results...
Peregrine Diamonds Ltd. July 7 posted results from preliminary economic assessment for phase-one development of the CH-6 and CH-7 kimberlite pipes at its Chidliak diamond project in Nunavut. The PEA, prepared by JDS Energy & Mining Inc., envisions an open-pit diamond mine with a life of roughly 10 years. Production would start at the CH-6, a kimberlite with 4.64 million metric tons of inferred resource averaging 2.45 carats per metric ton (11.39 million carats) diamond to a...
Peregrine Diamonds Ltd. April 7 reported that the 2015 exploration program at its Chidliak diamond project in Nunavut has significantly increased the mineral resource for the CH-6 kimberlite pipe. The upper 260 meters of CH-6 now contains 4.64 million metric tons of inferred resource averaging 2.45 carats per metric ton (11.39 million carats) diamonds. This marks a 40 percent increase in tonnage and 33 percent increase in contained diamonds compared to a resource calculated early in 2015. The updated resource includes a newly...
Peregrine Diamonds Ltd. March 8 reported that a 735.75 carat parcel of commercial-size diamonds recovered from five geological units of the CH-7 kimberlite pipe at its Chidliak project in Nunavut were valued at an average price of US$100 per carat. The eight highest value diamonds ranged in size from 1.35 carats to 5.33 carats, weighed 21.58 carats in total, and had a current average price valuation of US$1,619 per carat. The most valuable of the diamonds, the 5.33 carat...
Peregrine Diamonds Ltd. Jan. 12 reported that an 814-metric-ton bulk sample from the CH-7 kimberlite pipe at the Chidliak diamond project in Nunavut returned an overall grade of 0.88 carats of diamonds per metric ton. A total of 717.65 carats of commercial-size diamonds were recovered, including 53 diamonds larger than one carat and 183 diamonds over a half carat in size. The largest gem quality diamond recovered was 5.33 carats. Other notable diamonds include: a 5.02 carat off-white transparent octahedron with minor...
Thanks largely to its burgeoning mining sector, Nunavut is leading the Canadian territories in economic growth. With the start-up of the Mary River iron mine late in 2014, Nunavut now has two operating mines and a number of advanced stage gold, uranium, diamond and base metals projects poised to join the ranks in the coming years. "All in all, real gross domestic product (in Nunavut) is expected to grow by 3.8 percent in 2015, the highest rate of growth among the provinces...
PGD: TSX Executive Chairman: Eric Friedland President and CEO: Tom Peregoodoff President and CEO, Peregrine Exploration: Brooke Clements Peregrine Diamonds Ltd. focused its 2015 exploration on expanding and upgrading the resources for the CH-6 and CH-7 kimberlites at its Chidliak diamond project located roughly 120 kilometers north of Since 2008, 71 kimberlites have been identified on the 748,000-hectare (1.85 million acres) Chidliak property, eight of which are considered to be potentially economic. Peregrine started off...
The Honorable Leona Aglukkaq, minister of the Canadian Northern Economic Development Agency, and member of Parliament for Nunavut July 30 announced the federal funding for the Iqaluit Marine Infrastructure Project under the New Building Canada Plan. The federal government has committed to fund up to fund up to C$63.7 million of the roughly C$84.9 million project, the government of Nunavut will pay the balance. When completed, the new marine port and sea lift facility at...
Peregrine Diamonds Ltd. said its 2015 field work is focused on continued expansion of the diamond resource at its Chidliak project, located 120 kilometers northeast of Iqaluit, capital of Nunavut. A recently completed independent review by Mineral Services Canada Inc., Peregrine's external qualified person, has highlighted an approximate one-million-metric-ton resource expansion opportunity for the CH-6 kimberlite. Both the resource expansion at CH-6 and the scale of a...
Mineral exploration activity is holding its own in Nunavut this year, despite a tough funding environment and stiff competition from other attractive mining jurisdictions around the world. Although the Far North territory has only one operating mine, Meadowbank, at least eight mineral projects are currently hurtling through development and the permitting process on their way to production. Of these, two projects - one gold and one iron - have project certificates, and six projects are progressing through the environmental...
PGD: TSX Chairman and CEO: Eric Friedland President: Brooke Clements Chief Geoscientist: Jennifer Pell Peregrine Diamonds Ltd. focused its 2014 exploration on readying promising kimberlites at its Chidliak diamond project for bulk sampling in 2015. Since 2008, more than 67 kimberlites have been found on the 748,000-hectare (1.85 million acres) Chidliak property, eight of which are considered to be potentially economic. In May, Peregrine announced a maiden NI 43-101-compliant inferred resource of 2.9 million metric tons...
Mineral exploration activity held its own in Nunavut in 2013, despite a tough funding environment and stiff competition from other attractive mining jurisdictions around the world. Of the mineral projects edging closer to development in the territory, the Mary River iron project is likely the closest to startup. For the past two years, the venture, spearheaded by Baffinland Iron Mines Corp., has headlined mining news coming from the Qikiqtani, the territory's easternmost region. The Qikiqtani Region is Nunavut's largest...
