Saskatchewan kimberlites yield low grade
Bulk sampling has confirmed the low grade of two promising kimberlites at the Fort la Corne joint venture in Saskatchewan.Pipes 122 and 141 were targeted for additional sampling, the objective being…
De Beers Consolidated Mines Limited
Market takes big plunge
Denver — The Dow Jones industrial average plunged 570.04 points, or 5.5%, over the report period ended March 20 to close at 9720.76, its lowest level in two years, while the Nasdaq tumbled 7.8%. Much…
Market makes steep drop
Denver — The Dow Jones industrial average suffered a 2.8% drop, tumbling 300.42 points to 10,290.80 for the report period ended March 13, while the Nasdaq was off 8.6%.Spot gold on the Comex division…
De Beers hires AMEC to help with Snap Lake
De Beers Canada, a subsidiary of De Beers Consolidated Mines, has selected Toronto-based engineering firm AMEC as its construction management partner at the $300-million Snap Lake diamond project in t…
De Beers expands Ontario search
De Beers Canada Exploration has signed an exploration agreement with Spider Resources (SPQ-V) and partner KWG Resources on a piece of ground covering 13,000 sq. km in the James Bay Lowlands of norther…
Gold reverses recent gains
Denver — The Dow Jones industrial average weakened slightly to 10,591.22, to finish the Feb. 28-March 6 report period down 45.66 points, or 0.4%, while gold gave up most of the previous week’s gains….
De Beers deal ‘good news’ for Anglo American: analyst
The much-publicized takeover offer for De Beers Consolidated Mines (DBRSY-Q) has prompted mining analyst Roger Chaplin of Canaccord Capital to take a hard look at what the deal would mean for the comp…
Valerie moves into Manitoba
With diamond exploration heating up in Manitoba, Valerie Gold Resources (VLG-V) has joined the fray and optioned a 165-sq.-km property, 35 km east of Gillam.The junior can earn a 100% interest in the …
Gold’s rise jolts miners to life
Denver — The Dow Jones industrial average fell 94 points, or 0.9%, for the report period ended Feb. 27 to close at 10,636.88, while the Nasdaq plunged 4.8% to 2,207.82, its lowest point in two years….
Juniors comb Superior Craton for gems
Partners Navigator Exploration (NVR-V) and Canabrava Diamond (CNB-V) have so far drill-tested five geophysical anomalies on the Kat project in the Attawapiskat region of northern Ontario.One of these,…
Consortium offers US$17.6 billion for De Beers
The independent directors of De Beers Consolidated Mines (DBRSY-Q) have described as “fair and reasonable” a takeover offer by DB Investment (DBI), a consortium comprising the Oppenheimer family-run C…
Morila
An option from De Beers Consolidated Mines (DBRSY-Q) is enabling Vaaldiam Resources (VRL-V) to widen its search for South African diamond deposits.The Toronto-based junior already holds options on fou…