The C$107 million-acquisition ($82m) gives the miner access to the Chidliak diamond project in Canada, which hosts at least 74 kimberlites, eight of which are potentially economic.
Nunavut Mining News
Canadian firm is the sole owner of the Chidliak diamond project in Nunavut.
North Arrow Minerals wants to focus on finding high-value orange-yellow rocks.
The Northwest Territories and Nunavut, two of the three regions with the lowest income per capita, will see exploration investment to drop again in 2018, Natural Resources Canada says.
Peregrine Diamonds also found a very rare green diamond at the site.
At full tilt, New Gold's Rainy River mine is expected to produce about 325,000 ounces of gold annually, during its 14-year estimated mine life.
If Canada's Minister of Indigenous and Northern Affairs, Carolyn Bennett, accepts the review board's decision, a project certificate could be issued before year-end.
It's been more than a decade since there's been an operating mine in the mineral rich Kitikmeot region.
The four-day review that begins today marks the first time in 20 years the NIRB has been asked to reconsider a decision on a project and go through another review process.
Uranium junior Kivalliq Energy (TSXV:KIV) last week expanded its portfolio of projects focused in Nunavut, northern Canada, by acquiring a position in what it says is one of the largest undeveloped greenstone gold belts in Canada, from Commander Resources (TSXV:CMD).
The Kiggavik uranium project called for one underground and four open-pit mines just west of Baker Lake, and would have provided at least 400 jobs.
Agnico Eagle Mines Limited has been fined $50,000 under the federal Fisheries Act for failing to report a spill at its Meadowbank site near Baker Lake, Nunavut.
The owner of Canada's coldest mine is hoping to reach another milestone with an unusual piece of exploration equipment.
Agnico Eagle's board of directors has given the go-ahead for construction of the Meliadine and Amaruq gold mines in Nunavut.
Discovered in 1976, the property area was the subject of intense exploration during the 1970s and 1980's, when Acquitaine Company of Canada and Esso Resources Canada completed 190 drill holes totaling approximately 22,000 m on the project area.
Nunavut Impact Review Board had recommended the federal government to reject Back River project, citing potential damage to the caribou population.
Undeterred by transportation challenges at its northern Canadian diamond property, Peregrine Diamonds is about to open its wallet for the next phase of exploration.
Amended impact review for TMAC's 3.2 million ounce Hope Bay project in Canada's Nunavut territory completed.
Sabina Gold & Silver Corp. provides a permitting update on its Back River gold project in Nunavut, Canada.
The Chidliak mine, in Canada’s Nunavut, is expected to produce around 12 million carats during its 10-year lifespan.
Doris North project breezes through regulatory hearings for expanded mine project
Based on comparable widths and grades, Dunnedin Ventures' Kahuna project has similarities with DeBeers’ Snap Lake.
This is the second company allowed to proceed on breeding grounds against the advice of N.W.T. government.
Nunavut and Yukon are expected to see positive but modest growth in 2016, but the economy of the Northwest Territories (N.W.T.) will remain virtually flat this year, a report published Wednesday shows.
Tiny Aston Bay Holdings (BAY-V), a junior with a copper-zinc project in Nunavut, seized the market’s attention by announcing a preliminary joint-venture deal with the world’s largest mining company.