The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
SRM / TSXV
President and CEO: Pamela D. Strand
CFO: Greg Hayes
Shear Minerals Ltd. is a Canadian-based exploration company focused on diamond exploration in the Canadian North where it explores in established diamond districts and has discovered new ones since 2001.
Shear currently has a portfolio of 10 diamond projects in Michigan, Alberta, Northwest Territories and Nunavut, eight of which are drill-ready.
The company worked in 2009 to advance its 62.3 percent-owned Churchill Diamond, a venture it has taken from the conceptual grassroots stage to a top-ranked global diamond project with diamond rights to more than 760,000 acres in the Kivalliq region of Nunavut (41 percent of Canada's kimberlites in 2007; 36 percent in 2008).
Shear and 37.7 percent-partner Stornoway Diamonds Corp. inked a pact Aug. 10 with Kennecott Canada Exploration Inc. to jointly explore the 70,000-acre northern portions of the Churchill Diamond Project, now referred to as the Chesterfield Inlet Diamond Project.
Cash and short-term deposits:
C$302,258 (at May 31, 2009)
Working capital:
negative C$120,250 (at May 31, 2009)
Market Capitalization: C$10 Million
Suite 100, 9797 - 45 Ave.
Edmonton, AB
Canada T6E 5V8
Tel: 780-435-0045
Fax: 780-989-0322
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