Archive for September, 2010

Stornoway Announces Award of Contract for Renard Feasibility Study

Stornoway Diamond Corporation (TSE:SWY) reports that SNC-Lavalin Inc. has been awarded the lead contract for the preparation of the Renard Diamond project feasibility study. SNC-Lavalin is an international engineering and construction firm headquartered in Montréal, Québec. CEO and President of Stornoway Diamond, Matt Manson says: “The award of the lead contract for the Renard Feasibility Study [...]

Joint Venture Partner Arctic Star Retains Consulting Firm to Evaluate J6L1 Rare Earth Metal Project

Big Red Diamond Corp (CVE:DIA) announced that Arctic Star Diamond Corp, which entered into an option agreement on August 31, 2010 to acquire a 50% joint venture interest in our J6L1 Rare Earth Elements, has retained the services of Dahrouge Geological Consulting Ltd. of Edmonton, Alberta, to review the data that was provided in relation to the 4,715 hectare J6L1 Rare Earth Elements project located 52 kilometres northwest of Sept-Iles, Quebec.

Dianor Enters Into $10 Million Credit Agreement With Syndicate of Lenders

Dianor Resources Inc. (CVE: DOR) announced that it has entered into a Credit Agreement dated August 28, 2010 with Third Eye Capital Corporation, as administrative agent, and a syndicate of lenders, pursuant to which the lenders have committed to provide up to $10 million in a term-credit facility to Dianor, subject to various terms and conditions.

Grizzly Discoveries – Diamonds, Gold,Potash

Listed in 2005, Grizzly Discoveries (CVE:GZD) is a Canadian exploration company focused on: exploring for potash in Alberta; world class gold and base metal deposits in British Columbia; and diamonds in Alberta. Grizzly holds, or has an interest in, metallic and industrial mineral permits for potash totaling more than 2.34 million acres along the Alberta-Saskatchewan border. Grizzly currently has four precious-base metal properties in British Columbia totaling over 235,000 acres. Grizzly also currently holds more than 600,000 acres in diamond properties which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.

Stornoway Re-Commences Canadian Grass Roots Diamond Exploration

Stornoway Diamond (TSE:SWY) reports an update on activities within  its portfolio of Canadian diamond exploration projects. Currently, Stornoway’s principal focus is the completion of a Feasibility Study at the 50% owned Renard Diamond Project in North Central Quebec, and an associated step-out drill program at Renard (see Stornoway Press releases dated July 22, 2010 and August 26, 2010). [...]