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Northwest Territories.
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“Significant Intercepts”—Kennady North Summer Drilling Program
Kennady Diamonds reported significant kimberlite intercepts approaching 50m or greater from three exploration holes at the Faraday 2 kimberlite on their Kennady North diamond project. The company has completed nearly 50% of its planned 3,000m summer drilling program, with results suggesting the Faraday 2 body maintains constant depth and significant volume as it tracks northwest.
Drilling commences at the Up Town Gold Project
Silver Range Resources announced that partner Rover Metals has commenced a $350,000 exploration program at the Up Town Gold Project near Yellowknife, including NQ diamond drilling to test three zones. The high-grade Archean lode gold prospect adjoins the Giant Mine and has yielded impressive results including grab samples up to 318 g/t Au and drill intercepts of 2.22m @ 27.47 g/t Au.
Unique partnership and special diamonds
Mountain Province Diamonds announced the discovery of two exceptional gem-quality diamonds at the Gahcho Kué mine in the Northwest Territories, weighing 84.65 carats and 53.90 carats. The company operates the mine in a unique joint venture with De Beers where Mountain Province independently markets its 49% share of diamonds directly to consumers, differentiating from typical De Beers partnerships.
GoldMining enters agreement to acquire Yellowknife Gold Project and Big Sky Property
GoldMining Inc. entered an agreement to acquire 100% of the Yellowknife Gold Project and Big Sky Property in the Northwest Territories from receivership for 4 million shares. The YGP comprises five deposits with substantial historic drilling totaling over 231,000 metres across 1,061 holes.
Seeking paydirt: Rock Star Tim Termuende
Eagle Plains Resources Ltd., a Cranbrook-based prospect generator, celebrates 25 years in business with CEO Tim Termuende reflecting on the company's evolution and success. The company's Copper Canyon project north of Terrace developed into a major gold-copper resource that was sold for $65 million in 2011, providing significant returns to shareholders.
Kennady completes winter bulk sampling program on the Faraday Kimberlites
Kennady Diamonds completed its 2017 winter bulk sampling program, recovering 555 tonnes of kimberlite from three Faraday kimberlites in the Northwest Territories. The company expects to recover over 1,000 carats of diamonds from processing, which will help advance the Faraday 2 and 3 kimberlites to inferred resource status.
Kennady Diamonds announces Mineral Resource of 13.62 Million Carats for the Kelvin Kimberlite
Kennady Diamonds announced a maiden Indicated Mineral Resource of 13.62 million carats for the Kelvin kimberlite at its Kennady North Project in NWT, with an average grade of 1.60 carats per tonne and value of US$63 per carat. The resource is based on extensive drilling and bulk sampling programs, and the company is expanding its preliminary economic assessment to include both Kelvin and Faraday kimberlites.
Kelvin Diamond Valuation Update
Kennady Diamonds is awaiting final valuation results for diamonds from its Kelvin kimberlite, with over 2,000 carats collected from bulk sampling exercises. The company is conducting two independent market valuations in Antwerp, with results expected within seven to ten days.
Cobalt demand grows
Fortune Minerals discusses growing cobalt demand driven by electric vehicle battery production and positions its NICO project in the Northwest Territories as a strategic North American alternative to Congo-sourced cobalt. The company has invested $115 million in the polymetallic deposit which contains cobalt, gold, bismuth and copper, and seeks $600 million in project financing to build the mine, mill and refinery.
Canada’s newest diamond mine to provide C$6.7 billion boost to economy
Gahcho Kué, the world's largest new diamond mine under construction in the Northwest Territories, is set to officially open and will provide a C$6.7 billion boost to the Canadian economy. The joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%) is expected to produce 54 million carats over its lifetime, reinforcing Canada's position as the world's third largest diamond producer by value.
Dominion Diamond Corporation announces trial results, strategies and departure of CFO
Dominion Diamond Corporation announced successful production trial results from its Misery Main ore body at Ekati, recovering 130,000 carats valued at $72 per carat. The company unveiled a new capital allocation strategy including development of Sable and Jay projects, a share buyback program for up to 7.2% of outstanding shares, and the departure of CFO Ron Cameron.
Gahcho Kué—The land of diamonds
Mountain Province Diamonds and De Beers Canada's Gahcho Kué diamond mine in the Northwest Territories is over 90% complete and set to begin production in September. The billion-dollar project is projected to become the world's largest diamond mine with $300 million in annual revenue over a 12-year lifespan.
Fortune Minerals announces permitting underway for NWT public highway to Whati
Fortune Minerals announced that the Government of the Northwest Territories has submitted permit applications for a 94-kilometre public highway to Whati, located 50 km south of Fortune's NICO gold-cobalt-bismuth-copper project. The highway will provide critical infrastructure for the NICO development, which has already received environmental assessment approval and is positioned to become a North American source of battery-grade cobalt chemicals amid growing electric vehicle demand.
Kennady Diamonds discovers third kimberlite at Faraday
Kennady Diamonds has discovered a third kimberlite body at the Faraday cluster within their Kennady North project in the Northwest Territories, with the latest drill hole intersecting over 55 meters of kimberlite. The company is also progressing well with bulk sampling at Kelvin North Lobe, having recovered over 300 tonnes of kimberlite toward a 500-tonne target expected to yield more than 1,000 carats of diamonds.
Mining still strong
Pierre Gratton, CEO of the Mining Association of Canada, addressed a chamber of commerce luncheon in Cranbrook, B.C., acknowledging current economic challenges while expressing optimism about the medium and long-term prospects for Canadian mining. He highlighted that mining accounts for 20% of Canadian exports and directly employs over 375,000 people, emphasizing the need for Canada to prepare for the next upswing through infrastructure improvements and streamlined processes.
Geothermal—Canada on the brink of sustainable energy?
The Canadian Geothermal Energy Association is working through Alberta's Energy Futures Lab to promote geothermal energy as a sustainable alternative to fossil fuels. The article highlights how skills from mining and oil extraction can be directly applied to geothermal projects, creating significantly more permanent jobs than natural gas production.
Aurora College and the Mine Training Society expand simulator training program
Aurora College and Mine Training Society are expanding their mining simulator training program in Yellowknife with new Cybermine simulators to meet growing demand from three major diamond mines. The program has successfully trained over 200 operators who have gone on to full-time employment, with plans for 15 trainees per program and three programs annually.
Ulmer Contracting is the Canadian Ultimate Crew Finalist!
Ulmer Contracting has been selected as the sole Canadian finalist among 8 North American crews for Vermeer's Ultimate Horizontal Directional Drilling Crew contest. The winner will receive use of a new Vermeer D24x40 Series II drill for twelve months and other prizes following a skills competition at ICUEE 2015.
Dominion Diamond Corporation and Diavik Diamond Mine get top nods for 2015 TSM Excellence Awards
Dominion Diamond Corporation and Diavik Diamond Mine received the 2015 TSM Environmental Excellence Award for their Joint Regional Grizzly Bear DNA Program in the Northwest Territories. The program surveyed 16,000 km2 and identified 136 grizzly bears from 4,709 hair samples, indicating a stable or increasing population above 1990s estimates. The collaborative monitoring program has since expanded to over 30,000 km2 with additional mines participating.
Say ohm
Aurora Geosciences has been conducting exploration work at Kennady Diamonds' Kennady North project in the Northwest Territories since 2012, using proprietary geophysical technology including the 'ohmmapper' tool. The project, located adjacent to the Gahcho Kué diamond mine, has identified four kimberlites and demonstrates the potential for discovering deeper, irregularly shaped diamond-bearing bodies using high-resolution geophysical techniques.
Kennady Diamonds intercepts Kimberlite at NWT Kelvin property and gets private placement
Kennady Diamonds successfully intersected kimberlite at its Kelvin property in the Northwest Territories, extending the known pipe-like body approximately 40 meters beyond previous drilling. The company also closed a $20 million private placement to fund its winter exploration program, which includes bulk sampling and drilling across multiple kimberlite targets.
Diamond miners sign agreement with Northwest Territories Metis
De Beers Canada and Mountain Province Diamonds signed an Impact Benefit Agreement with the Northwest Territories Métis Nation for the Gahcho Kué diamond mine project. The mine, located 280 kilometres northeast of Yellowknife, is 54% complete and expected to begin production in Q3 2016 with projected annual cash flow of $630 million.
New wave of diamond fever sweeps Northwest Territories; Prima Diamonds lands prime real estate
Prima Diamonds has acquired two strategic diamond properties in the Northwest Territories' Slave Craton near the world-class Gahcho Kué mine. The company's Munn Lake property contains proven diamondiferous kimberlites and 25-meter diameter kimberlite boulders, while the adjacent Godspeed Lake property remains largely unexplored despite its proximity to major diamond discoveries.
Good timing for zinc
Canadian Zinc Corporation's Prairie Creek Mine in the Northwest Territories has been on the verge of production for nearly four decades, finally receiving its mining permit in November 2013. The company is now assessing infrastructure upgrades needed for the 30-year-old mining operation while waiting for improved zinc market conditions and financing opportunities.