The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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KDI: TSX-V Chairman: Jonathan Christopher James Comerford President and CEO: Patrick C. Evans Kennady Diamonds in 2013 explored its Kennady North diamond project located to the west and north of the Gahcho Kué Joint Venture about 300 kilometers (186 miles) northeast of Yellowknife, Northwest Territories. Kennady North covers an area about 12,292 hectares (30,374 acres). The company, spun out in early 2012 from Mountain Province Diamonds Inc., followed up on 106 geophysical targets that have been identified at Kennady North....
MPV: TSX / AMEX Chairman: Jonathan Comerford President and CEO: Patrick Evans Mountain Province Diamonds Inc. continued to focus in 2013 on exploration and development of the Gahcho Kué Project located about 300 kilometers (186 miles) northeast of Yellowknife, Northwest Territories. The project encompasses four mining leases held in trust by De Beers. The project hosts four primary kimberlite bodies - Hearne, Tuzo, Tesla, and 5034 - three of which have a probable mineral reserve of 31.3 million metric tons grading 1.57...
Kennady Diamonds Inc. is wrapping up what its management describes as a very successful 2013 exploration season at its Kennady North Project located immediately north and west of the Gahcho Kué Joint Venture where De Beers Canada (51 percent) and Mountain Province Diamonds Inc. (49 percent) in Northwest Territories about 280 kilometers (174 miles) east-northeast of Yellowknife. The Gahcho Kué JV is currently working to develop the world's largest and richest diamond mine. The 13 leases and claims covering about 12,356 h...
There's nothing like getting an early start, especially when it comes to mining exploration in Canada's Far North. Literally, there's nothing like the 2013 program that Prosperity Goldfields Corp. kicked off in late February at its Kiyuk Lake Project to the east in southern Nunavut nor the 2013 field campaign launched about the same time by Kaminak Gold Corp. at the Coffee Gold Project in Yukon Territory. In a year when many mining companies are having to scrape together enough exploration funds to even mount a field program...
A challenging economic climate in 2012 failed to impede growth in mining activity in Northwest Territories. As miners struggled to fund their work programs, numerous companies managed to plow ahead in the wake of regulatory improvements, advancing projects that could bring even more robust times to the territory's mineral resources sector. The Northwest Territories, one of Canada's three northern territories, is sandwiched between Yukon Territory to the west and Nunavut to the east. With a land mass of nearly 1,347,150...
The Northwest Territories has been closely linked with the mining industry ever since B.A. Blakeney, a prospector on his way to the Klondike, staked the first gold mining claim here in 1898. And although the focus has shifted from gold to diamonds, the industry remains at the forefront of any discussion regarding the NWT's economic well-being: the territory produced over C$2 billion in total mineral shipments in 2011, a staggering total for a jurisdiction which has a population that barely exceeds 40,000 residents. Although...
Northwest Territories, a vast expanse of mountains, forests and tundra, has been slower to experience the surge in mineral exploration and development activities that has swept across Yukon Territory and Nunavut in recent years. But the mining industry is turning its attention to the 1.17 million square kilometers (431,162 square miles) Arctic land - roughly two-thirds the size of Alaska - that lies in between. Permits have been issued for new areas of exploration and claims are being staked in places where such activity has...
MPV: TSX Chairman: Jonathan Christopher James Comerford, B.A. (Econ.), M.B.S. (Finance) President and CEO: Patrick C. Evans, B.A., B.Sc. Mountain Province Diamonds Inc. focused in 2012 on exploration and development of its diamond projects in Northwest Territories. The company and De Beers Canada, its 51 percent partner and operator of the Gahcho Kué Joint Venture, reported a 78.5 percent increase in the volume estimate of the Tuzo kimberlite pipe, one of three diamondiferous kimberlites at the Kennady Diamond Project that...
For a junior who lost a substantial funding partner, BHP Billiton Canada Inc., at the onset of the recent downturn in the financial markets, Peregrine Diamonds Ltd. hardly broke stride in exploration momentum in 2012. The aggressive explorer not only forged ahead with a substantial program at its highly prospective Chidliak diamond project on Baffin Island in Nunavut, it also made significant progress in identifying new kimberlites at its Lac De Gras projects in Northwest Territories. Further icing its cake, Peregrine success...
After 17 long years of working to develop the Gahcho Kué diamond deposit into what promises to be one of the world's largest and richest diamond mines, Mountain Province Diamonds Ltd. is turning its attention to the diamonds next door. The Toronto-based junior and its 51 percent partner De Beers are rapidly closing in on their long-sought goal at the Kennady Lake diamond project in the Northwest Territories. The joint venture is permitting an open-pit mine expected to produce about 4.5 million carats per year for 11 years...
Droves of exploration companies have rushed to Yukon Territory in recent years to hunt for sizable deposits of gold, silver, copper, rare earth elements and base metals. Employing the most advanced geophysical and geochemical techniques available, along with their best hunches, these explorers, like others around the globe, are pulling out all the stops to find commercial quantities of the minerals currently riding the winds of strong demand and high prices. But noticeably absent from the list of lucrative commodities being...
The vast landscape of the Northwest Territories is blessed with an abundance of resources. It is a land filled with opportunity, and much of the mineral wealth remains untapped. Mineral explorers and producers are making best efforts to unlock this potential and seizing the opportunities that await them. The Government of the Northwest Territories strongly supports responsible and sustainable mineral development that yields substantial economic benefits to NWT residents, communities and businesses. Four mines are operational...
Growing demand, especially in China and India, is driving intensified diamond exploration, development and mining activities in Northwest Territories. Diamond prices, which plunged during the recession, also have steadily rebounded recently amid healthier demand. The territory's producing diamond mines are pulling out the stops to boost their output, while developers of potentially a fourth large diamond mine reported progress recently in moving their project closer to startup. Output climbs at Diavik Harry Winston Diamond Co...
The search for furs opened up the Northwest Territories more than 400 years ago, bringing explorers and traders to the North. In today's economy, it's the search for - and the development of - mineral resources that is the one of the main cogs in the NWT economy. It's an industry that contributes more than C$1 billion annually to our economy and creates more than 2,000 direct jobs. And while the past two years have been challenging for the mining industry everywhere due to the global economic crisis that has seen exploration...
Diamonds continued to dominate mining production in Northwest Territories in 2010, but other hardrock mineral projects led most of the mineral exploration activity during the year. Yet 2010 is shaping up to be a year of recovery for nearly all of the territory's miners. Rough diamond production from Harry Winston's 40 percent share of the Diavik Mine totaled 650,000 carats in the second quarter, up significantly from 570,000 carats a year earlier. Rio Tinto plc controls 60 percent interest in Diavik, Canada's largest diamond...
President and Chief Operating & Technical Officer, De Beers Group: Jim Gowans Acting CEO and COO, De Beers Canada: Chantal Lavoie Senior Vice President, Exploration Division: Martin Doyle De Beers Canada Inc., a unit of global diamond miner De Beers Group, has been active for nearly 50 years, growing from a small group of geologists in the field to multiple offices and operations across the country, including the Snap Lake Mine and the Gahcho Kué advanced exploration project in Northwest Territories. The Snap Lake Mine,...
Geologically, Alaska is a terrane wreck, with multiple tectonic plates dumping their mineral payloads over the landscape. Geologists are still sifting through the wreckage in many places across the state to determine which mineral deposits were dumped by which terranes and when - a task not always easily accomplished as pileups have resulted, in many cases, from multiple mineralization events happening in the same geographical regions over time. A terrane is a series of...
Kinross Gold Corp. - operator of the largest gold mine in the Tintina Gold Belt - has embarked on a treasure hunt in hopes of identifying another Fort Knox-like deposit in this gold-rich province. The Tintina belt is a boomerang-shaped swath of land that spans the breadth of Alaska, through the Yukon Territory and into northern British Columbia. While Kinross works to extend the mine life of Fort Knox after 13 years of production through drilling, the Toronto-based miner is also investing in junior explorers with promising pr...
Hampered by a recession-driven drought in capital markets, mineral explorers in the Northwest Territories met the challenges of 2009 with a variety of survival strategies. With significant diamond, precious and base metal projects and prospects at stake, some companies entered a holding pattern in hopes of waiting out the economic storm, while other forged ahead, adjusting to the new cash-strapped environment as the year progressed. Thanks to record commodity prices, the economy of the Northwest Territories has outpaced the...
MPV: TSX; MDM: AMEX Chairman: Jonathan Christopher James Comerford President and CEO: Patrick Evans Mountain Province Diamonds Inc. is a 23-year-old diamond exploration and development company based in Toronto, Ont. The company's primary asset is its 49 percent interest in Gahcho Kué, one of Canada's largest diamond deposits and the largest diamond mine under development in the world. In January 1995, Mountain Province discovered the 5034 pipe at Gahcho Kué, which is located in Northwest Territories. Two and a half years l...
The Northwest Territories has four operating mines: three diamond producers and one long-running tungsten operation. Exploration and development activity was brisk in 2008 with the most advanced projects located in the Slave Province. Here's a look at mining companies active during 2008 in the Northwest Territories: Producing mines BHP Billiton Diamonds Inc. (80 percent) and partners C. Fipke (10 percent) and S. Blusson (10 percent) produced about 3.5 million carats of rough diamonds at the Ekati diamond mine in 2008, making...
Mountain Province Diamonds Inc. Nov. 17 reported results of an independent valuation of the diamonds recovered from the Gahcho Kue Project during the exploration phase. The valuation was conducted by WWW International Diamond Consultants Ltd. and took place at the London offices of the Diamond Trading Co. Sept. 22-23. Subsequent to the valuation, WWW has revised its Price Book and all diamond values presented below are based on the WWW Price Book as of Oct. 13. Located on Kennady Lake 300 kilometers, or 186 miles, northeast o...
De Beers officially opened its first two mines outside of Africa in northern Canada in late July. The Snap Lake Mine in Northwest Territories and the Victor Mine in northern Ontario, together, are expected to produce 2 million carats a year. They are Canada's fourth and fifth diamond mines. Snap Lake is expected to employ 560 people and produce an average of 1.4 million carats a year for about 20 years. The Victor mine, which is close to the Attawapiskat First Nation, expects to employ 400 people and produce 600,000...
DeBeers Canada Inc. is exploring the Gahcho Kué project in the Northwest Territories this summer, hoping to confirm its potential to become the company's second major diamond mine in the Canadian Arctic. Of the four major mining projects De Beers is developing, two are in Canada, which has emerged in the past 15 years as one of the world's most prospective diamond mining regions. The two advanced Canadian developments are the Snap Lake Diamond Project in the Northwest Territories and the Victor Diamond Mine Project, in...
Stornoway Diamond Corp. is aiming to become one of the few successful middle-tier diamond exploration and development companies, following its amalgamation with Ashton Mining and Contact Diamond Corp., which concluded in mid-January. The Vancouver-based company now has three advanced exploration projects in the eastern Arctic, one on the border of Quebec and Ontario, and another in northern Alberta, as well as a 50 percent interest in the Renard property in Quebec. Middle-tier companies are much more common in the gold sector...
