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 [...]
Diamond prices have largely recovered from the 2008 global economic crisis, but the industry is still not back to pre-2008 levels of demand.
Diamonds North Resources Ltd. (CVE:DDN) reports its completion of its initial gold prospecting at HI-1 and has initiated prospecting at HI-2. The potential extent of the gold mineralization appears more significant than originally expected at both locations. HI-1 and HI-2 prospects are on the Halkett Inlet Property located in Nunavut. Mark Kolebaba, President & CEO of Diamonds North [...]
Diamonds North Resources Ltd. (CVE:DDN) has began its 2010 exploration programs on the Amaruk property, Nunavut, Canada. The diamond program will focus on the collection of a 25 tonne bulk sample from the Beluga-3 kimberlite to further test for commercial size diamonds. The gold program will focus on defining drill targets in areas where anomalous gold was [...]
Stornoway Diamond (TSE:SWY) reports results of a diamond content for the Renard 65 kimberlite pipe at the Renard diamond project. Renard 65 is the largest kimberlite pipe in the Renard cluster, with a surface area of approximately 1.7 hectares. In 2003 a large, gem quality diamond of 4.04 carats was recovered within drill core, an exceptionally [...]
Diamonds North Resources (CVE:DDN) reports it plans to collect a bulk sample from the Beluga-3 kimberlite located on at its Amaruk property, Nunavut. Diamonds North will be using a low cost, light weight bulk sampling drill that utilizes reverse circulation without percussion to reduce and or eliminate significant diamond breakage. Estimated collection cost with this drill, that the Company [...]
Diamonds North Resources (CVE:DDN) reports the recovery of larger stones from the Beluga-3 kimberlite on Amaruk property, Nunavut, Canada. The diamond recovered from the 1.70 mm mesh measures 2.6 mm x 2.0 mm x 1.0 mm and is a fragment with an estimated 60% loss. In addition, 5 of the 9 diamonds on the 1.18 mm [...]
The crisis in the diamond industry has hit bottom, and the industry can now look forward to growth, according to DeBeers managing director Gareth Penny. Mr. Penny relayed this message to a room full of diamond merchants, manufacturers, and leaders at the Diamond Town Hall Meeting on June 3rd.
In 2008, as the bleak economic outlook deepened, there were significant repercussions for the diamond industry. Early on in the downswing it seemed that the industry would withstand the economic current. However, under close examination it was apparent that a storm was brewing.
Tuesday, September 7, 2010