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

North Arrow Minerals Inc. Jan. 25 reported an agreement has been reached to sell royalty interests in its Redemption diamond project to Umgeni Holdings International Ltd. for C$800,000.

Redemption is located in the Lac de Gras region of the Northwest Territories, roughly 32 kilometers (20 miles) southwest of the Ekati diamond mine.

"This agreement with Umgeni represents a non-dilutive hard-...