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). [...]
Stornoway Diamond (TSE:SWY) reports exploration drilling begins in the fall at the Renard diamond project, North Central Québec, Canada. The upcoming drill program is a continuation of a step-out program of deep drilling first initiated last winter (Stornoway Press Release dated April 14, 2010), and is designed to assess the size and composition of several kimberlite pipes outside [...]
Analysts at J.P. Morgan Chase confirmed that the company has cut its earnings and price targets for many offshore companies such as Diamond Offshore , Ensco Plc. , Noble Corp. , Pride International Inc. , and Transocean Ltd.. Analysts are quoted saying: “While shares of Transocean are increasingly attractive, we still see downside risk. Instead, [...]
The news of the sale of the Star of South Africa, which fetched £30 000, and the discovery of more diamonds dispelled all doubts about the region’s potential mineral wealth and brought in a wave of local Boer farmers as well as British, American, Australian, German and Russian diggers and diamond dealers. Click here to [...]
Petra Diamonds Limited has announced the completion of its acquisition of the mining and association of assets with De Beers Consolidated Mines Limited. The assets were previously used by De Beers in the operation of the Kimberley Underground diamond mines in Kimberley, South Africa. Petra and De Beers entered into the agreement for the sale [...]
Stoneshield Capital Corp (TSX Venture:STS) has announced that it has commenced the Tabisco gold/silver exploration as well as an update on the three first-round diamond drill holes. The diamond drill holes total to 587.5 metres of core encountered gold and silver mineralization in epithermal quartz veining from below detection up to 22.0 g/t Au and [...]
Goldstone Resources Inc. (TSX–GRC) (GRSZF-PK) has announced an update on its Beardmore-Geraldton area exploration in northern Ontario. The focus of the diamond drilling will be at the Key Lake property and is scheduled to begin on June 1. Goldstone is quoted saying: “Historical drilling by Cyprus Amax and Placer Dome in the 80′s and 90′s [...]
Trans Hex Group Ltd, a diamond company registered in South Africa has announced the contract finalization for the Luana concession in Angola. Aside from this new contract Trans Hex has two other mines in Angola, the Luarica and Fucauma operations, both of which are operational. The new partner is Angolan state-owned diamond company Endiama which [...]
Edgewater Exploration Acquires Red Back Mining’s Enchi Gold Project, Ghana Mr. Edward Farrauto, President and CEO of Edgewater Exploration Ltd. (“Edgewater” or the “Company”)(CA:EDW 0.75, +0.14, +22.95%) announces its option agreement with Red Back Mining Inc. (“Red Back”) (CA:RBI 25.30, +0.48, +1.93%). Edgewater will then get an undivided 51% interest in Red Back’s legal and [...]
IGE Resources AB (OSE: IGE) announced that the Company has raised NOK 31.0 million of new equity in a private placement. Earnings will be contributed to expand IGE’s diamonds operations in Southern Africa. The press release is quoted as saying: “The Private Placement was subscribed by a group of investors led by Ulrik Jansson, who [...]
Tuesday, September 7, 2010