Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces it has completed a 25 tonne bulk sample of the Beluga-3 kimberlite, located on its 100% owned Amaruk project in Nunavut.
Diadem Resources Ltd. (TSX VENTURE:DRL) announces today that it has entered into a definitive acquisition agreement to acquire a private company that holds all of the working interest in a substantial development stage mineral asset in central Africa, where diamonds and gold have been produced in the past. The area under licence covers 25,058.55 square kilometers.
Peregrine Diamonds Ltd. ("Peregrine" or "the Company") (TSX:PGD) is pleased to report encouraging diamond results from the first two kimberlites (Q1 and Q2) discovered on the Company's 100 percent-owned, 854,000 hectare Qilaq project ("Qilaq" or "the Project").
DIOS EXPLORATION INC. (TSX VENTURE: DOS) reports the discovery a new gold showing during its 2010 reconnaissance program on its wholly owned U33 diamond-gold exploration project, James Bay, Quebec. The discovery is located 52 kilometers SE of the multi-million ounces of gold Eleonore deposit and 12 kilometers NE of the million ounces of gold Clearwater deposit.
Acrex Ventures Ltd. ("Acrex") is pleased to announce that diamond drilling will commence this week on its Grizzly-Kellar Lake gold property (the "Property"). Acrex has an option to acquire a 100% interest on the Property (see news release dated May 18, 2010). Acrex has contracted Forages M. Rouillier Drilling Inc. of Amos, Quebec for the completion of up to 500 metres of drilling.
Petra Diamonds Ltd, the second largest producer of diamonds in Africa, has posted a record post tax profit of U.S.$70 million for the year ending June 30, 2010.
The Argyle diamond mine in Western Australia is going to receive an injection of cash to the tune of $803 million from Rio Tinto for major upgrades.
Alrosa, Russia's largest diamond company, has posted a profit of $70 million for its Catoca diamond mine located in Angola. The mine situated near the town of Saurimo in north east Angola sold about 7 million carats of gems earning a gross production value of $122.6 million.
Harry Winston Diamond Corporation is studying a different underground mining method which has the potential to reduce the costs of operations at the Diavik diamond mine. This new technique may allow them to explore recently discovered regions where mineralised kimberlite reserves have been identified.
Vaaldiam Mining Inc (TSX: VAA), the Canadian based diamond mining and exploration company, has reported a net loss of $1,682,000 in the second quarter ending on June 30, 2010. It is a sign of improvement as for the same period in 2009 the company had reported a net loss of $2,231,000.
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