Northwest Territories Mining News

2013 a 'remarkably successful' year for Kennady Diamonds, CEO says

Drilling results far exceeded expectations.

Canada's main diamond producer names new President and COO

Chantal Lavoie's previous experience includes managing positions at Barrick Gold Corporation's Goldstrike and De Beers' operations in Canada.

Giant loss of credibility

Canadian federal government plan for Giant Mine in Northwest Territories seems to involve a bottomless pit of taxpayers' money.

Drilling diamond dreams in Canada's North

Vancouver-based Arctic Star Exploration Corp. may be on the verge of striking pay dirt in the Northwest Territories.

Giant Mine to cost billions to cleanup and look after for thousands of years

Many interested parties, stakeholders and study groups seem to be stuck.

Global downturn takes a toll on Canada’s north 'mining boom': report

Even with the downgrade, overall economic growth in Nunavut is forecast to be 3.4% in 2013 and 8.8% in 2014.

Canada pushed to defend lead in global mining business

Canada's mining industry needs to urgently deal with the emerging challenges, said a report published Wednesday the Canadian Chamber of Commerce.

Canada firm as top mining destination: report

Exploration investment in the country reached a record high of $3.9 billion in 2011, with the three territories receiving 22% of the total international spending for the year.

Manson Creek Resources Ltd.: sampling returns significant gold and silver assays on up Town Gold Project

The J3A sampling returned a broad zone of 4.90 meters of 0.015 to 0.12 g/t gold and 0.30 to 1.60 g/t silver. The J3C channel returned 1.30 meters of 0.60 g/t gold and 3.0 g/t silver.

Manson Creek reports exploration completed on Up Town gold project

A small man portable drill was successfully utilized to test the strike length of the J3 zone, grading 7.99 grams/tonne gold and 35.56 grams/tonne silver in earlier sampling.

Mining outlook for Canada’s North less promising than projected

Sinking global commodity prices have negatively impacted Canada’s North near-future mining outlook, but longer-term prospects for the industry in the three territories remain strong.

Diavik mine to axe jobs in the eve of open pit closure

Massive layoffs are expected before the end of the month at Diavik, in Canada's Northwest Territories, as the diamond mine is set to close its open-pit section.

Northern Canadian diamond mining stories mixed

Leaders of communities in the Northwest Territories of Canada whose lives have been affected by the arrival of the diamond industry say that the experiences of their constituents have not only been positive.

Seabridge Gold files second quarter 2012 financial statements and MD&A

During the three month period ended June 30, 2012 Seabridge posted a net loss of $2.3 million ($0.05 per share) compared to a loss of $7.3 million ($0.18 per share) for the same period last year.

Tyhee announces closing of additional tranche non-brokered private placement

The company issued 4,000,000 units at a price of $0.09 for gross proceeds of $360,000. Together with the previous placement on April 17, 2012, 19,719,209 units were sold for aggregate gross proceeds of $1,774,370.

Kennady Diamonds intersects kimberlite at Second Faraday drill hole

This is the second kimberlite intersection that Kennady Diamonds has made at Faraday Lake where the company is conducting definition drilling to better understand the kimberlite structures along the Kelvin - Faraday kimberlite corridor.

Mountain Province Diamonds shareholders approve Kennady Diamonds spin-out

Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPV) (NYSE-AMEX: MDM) is pleased to announce that its shareholders have voted 99.5% in favour of the proposed spin-out of Kennady Diamonds Inc. ("Kennady Diamonds") at a special meeting of shareholders held yesterday, April 25, 2012.

Peregrine Diamonds discovers third kimberlite

Canadian Peregrine Diamonds has discovered a third kimberlite during its winter drill program in the Lac de Gras region, Canada, one of the most prolific diamond districts in the world since kimberlite was first discovered there in 1991.

Peregrine discovers two kimberlites at Lac de Gras

Peregrine Diamonds Ltd. has discovered two kimberlites in the Lac de Gras region of Canada's Northwest Territories.

Processing plant to cost $302 million- 1/3 of Avalon's rare earth project capex

Avalon Rare Metals, whose Nechalacho rare earth prospect in Canada's Northwest Territories is in the midst of a feasibility study, today announced the results of a separate prefeasibility study for the separation plant, to be built in Louisiana.

Minnow Manson Creek off to the races after signing option on project next to 7 million oz Giant mine

Manson Creek Resources announced Tuesday it has entered into an option with Panarc Resources to acquire a 100% interest in the Up Town Gold project located adjacent to the historic Giant mine in the Northwest Territories. Shares in the tiny TSX-V listed explorer shot up 15% on the news with almost ten times the usual number of shares changing hands.