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 [...]
Canadian Venture listed diamond junior, Lucara Diamond Corp, is set to acquire De Beers' 70% stake in the AK6 diamond project for US$ 49 million. What gives? Why is a Canadian junior acquiring a diamond major's interest? That too in Africa? Remember, De Beers doesn't take kindly to juniors?
Lucara Diamond Corp. and partner Motapa Diamonds Inc. declared that it has completed diamond recovery work on the 100,000 tonne bulk sample program at the Mothae sample project in Lesotho. For full story, click here
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