Post by Jari on Nov 19, 2004 14:07:28 GMT -5
I hope diamonds are found in Manitoba.
diamond mining = more jobs and more $$$ for province
Fri, November 19, 2004
Gem search will continue
By KATHLEEN MARTENS, BUSINESS REPORTER
A Vancouver-based company is continuing to dig for diamonds in Manitoba. North Star Diamonds Inc. will spend $500,000 drilling for the sparkling gems north of Swan River, president and CEO Walter Stunder announced yesterday.
"I'm a firm believer there are diamonds here," Stunder said in a telephone interview from the 2004 Manitoba Mining and Minerals Convention in downtown Winnipeg yesterday.
North Star has been looking for diamonds in Manitoba for several years, but has yet to find them. It struck out in its search for the glittering rocks on farmers' land north of Hadashville, located about 80 km east of Winnipeg, last spring.
Instead of finding kimberlite, inside which diamonds are generally found, workers turned up igneous rock called lamprophyre -- a cousin to kimberlite.
News there is lamprophyre north of Swan River is enough to keep them digging, Stunder said.
It did have success uncovering the gems in the Ukraine about eight years ago, he added.
The Swan River exploration will take place on a four-kilometre parcel of land when the ground freezes.
Several companies continue to explore for diamonds in the province but the jewels have yet to be found.
Swan River is 263 km northwest of Brandon.
FINANCE EXPLORATION
Meanwhile, Winnipeg-based King's Bay Gold has sold a 45% joint-venture stake to Richview Resources of Toronto for $500,000.
The money will be used to finance further exploration of the Headway Project, near Red Lake, Ont.
King's Bay focuses on prospective gold properties in Ontario and Manitoba at Red Lake, Pickle Lake, Wawa, Bissett and Kenora.
diamond mining = more jobs and more $$$ for province
Fri, November 19, 2004
Gem search will continue
By KATHLEEN MARTENS, BUSINESS REPORTER
A Vancouver-based company is continuing to dig for diamonds in Manitoba. North Star Diamonds Inc. will spend $500,000 drilling for the sparkling gems north of Swan River, president and CEO Walter Stunder announced yesterday.
"I'm a firm believer there are diamonds here," Stunder said in a telephone interview from the 2004 Manitoba Mining and Minerals Convention in downtown Winnipeg yesterday.
North Star has been looking for diamonds in Manitoba for several years, but has yet to find them. It struck out in its search for the glittering rocks on farmers' land north of Hadashville, located about 80 km east of Winnipeg, last spring.
Instead of finding kimberlite, inside which diamonds are generally found, workers turned up igneous rock called lamprophyre -- a cousin to kimberlite.
News there is lamprophyre north of Swan River is enough to keep them digging, Stunder said.
It did have success uncovering the gems in the Ukraine about eight years ago, he added.
The Swan River exploration will take place on a four-kilometre parcel of land when the ground freezes.
Several companies continue to explore for diamonds in the province but the jewels have yet to be found.
Swan River is 263 km northwest of Brandon.
FINANCE EXPLORATION
Meanwhile, Winnipeg-based King's Bay Gold has sold a 45% joint-venture stake to Richview Resources of Toronto for $500,000.
The money will be used to finance further exploration of the Headway Project, near Red Lake, Ont.
King's Bay focuses on prospective gold properties in Ontario and Manitoba at Red Lake, Pickle Lake, Wawa, Bissett and Kenora.