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Pangolin Diamonds Corp ( PAN ) Print E-mail
Mining
Written by Editor   
Wednesday, 15 May 2013 07:44
Pangolin Diamonds Discovers Its First Kimberlite in Botswana

- Kimberlite discovered at Tsabong North Project has a +20 hectare aeromagnetic anomaly associated with it - Two additional diamond drill core holes will be completed to intersect a minimum of 100 meters of kimberlite - Additional undrilled kimberlite targets in the project area have the same magnetic signature

Pangolin Diamonds Corp. (TSX VENTURE:PAN) (the "Company" or "Pangolin") is pleased to announce it has discovered its first kimberlite at its 100% owned Tsabong North Project in Botswana. Core logging identified crater facies sediments and underlying reworked volcaniclastic kimberlite ("RVK") breccias in drill hole "Magi-01/1".

 
Lucara Diamond Corp ( LUC ) Print E-mail
Mining
Written by Editor   
Monday, 18 March 2013 12:31
Lucara Recovers 239 Carat Diamond

Lucara Diamond Corp. (LUC.TO)(LUC.TO)(NASDAQ OMX First North:LUC) is very pleased to announce the recovery of a 239.2 carat diamond from its Karowe Mine in Botswana. In addition to the recovery of this exceptional gem, two more large stones weighing 124.0 carats and 71.1 carats have also been recovered.

The diamonds were recovered from the central kimberlite domain which has only recently become ore feed to the plant as the pit expands towards the south.

The diamonds will be sent to Antwerp to be studied prior to being sold later in the year.

 
Olivut Resources Ltd ( OLV ) Print E-mail
Mining
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Wednesday, 13 March 2013 10:30
Olivut Resources Ltd. Announces Innovative Funding Commitment for Up to $18 Million

Olivut Resources Ltd. ("Olivut" or the "Company") (TSX VENTURE:OLV) is very pleased to announce that it has entered into a Securities Purchase Agreement (the "Agreement") to raise up to $18 million over approximately the next 36 months in a tranched placement of securities to the Canadian Special Opportunity Fund, L.P., a fund managed by The Lind Partners, a New York-based asset management firm (together "Lind") focused on junior natural resource companies. It is anticipated that the initial cash advance date under the Agreement will occur on March 13, 2013.

 
Mountain Province Diamonds ( MPV ) Print E-mail
Mining
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Tuesday, 08 January 2013 08:31
Mountain Province Diamonds Announces Closing of Public Record for the Gahcho Kué Environmental Review

Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPV, NYSE MKT: MDM) is pleased to announce that the Mackenzie Valley Environmental Impact Review Board closed the public record for the Gahcho Kué environmental impact review on January 3, 2013. The closure of the public record marks a significant milestone in the permitting of the Gahcho Kué diamond mine, a joint venture with De Beers Canada Inc. ("De Beers").

De Beers, the Gahcho Kué operator, made the following closing statement:

"De Beers submits that the evidence presented in this proceeding clearly establishes the following:

 
Harry Winston Diamond Corporation ( HW / HWD ) Print E-mail
Mining
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Tuesday, 13 November 2012 12:10
Harry Winston Diamond Corporation Announces Agreement to Purchase Ekati Diamond Mine

Harry Winston Diamond Corporation (TSX:HW, NYSE:HWD) ("Harry Winston" or the "Company") is pleased to announce that it has entered into share purchase agreements with BHP Billiton Canada Inc., and various affiliates to purchase all of BHP Billiton's diamond assets, including its controlling interest in the Ekati Diamond Mine as well as the associated diamond sorting and sales facilities in Yellowknife, Northwest Territories and Antwerp, Belgium. The Ekati Diamond Mine consists of the Core Zone, which includes the current operating mine and other permitted kimberlite pipes, as well as the Buffer Zone, an adjacent area hosting kimberlite pipes having both development and exploration potential. The agreed purchase price, payable in cash, is US$400 million for the Core Zone interest and US$100 million for the Buffer Zone interest, subject to adjustments in accordance with the terms of the share purchase agreements.

 
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