North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pele Mountain Resources, a junior exploration company, says it has discovered two large diamond-bearing zones in northern Ontario.

Exploration at the Festival diamond project is being financed by gold producer Goldcorp, which has an option to acquire up to a 60 percent interest and is best known for its Red Lake gold mine in northern Ontario and its current bid to take over Vancouver-based Whea...