It’s been a busy couple of days on the Canadian diamond exploration front, even as rough prices for diamonds grind lower in response to a slowing global economy. Rio Tinto this week cut back on diamond production at its Argyle mine in Australia, the world’s largest source of fancy pink diamonds, and expects to produce 18… Continue Reading
Good morning investors and speculators, Hope everybody had a good Labour Day weekend, news in the junior resource world is coming fast and furious to start out the four-day trading week. NexGen Energy: The Athabasca Basin’s hottest uranium play reported assay results from six angle drill holes, and they are impressive. The highlights – AR-15-49c2… Continue Reading
Canadian diamond explorer North Arrow Minerals (NAR.V) reported disappointing diamond valuation results from the Qilalugac project bulk sample test this morning: The parcel of 383.55 carats of diamonds greater than +1DTC (~1 mm) was valued at $13,795 or $36 per carat and a modelled range of possible values was also produced with a “possible low” model… Continue Reading
Yellow Diamond Recoveries Consistent With Previous Results VANCOUVER, BC–(Marketwired – May 05, 2015) – North Arrow Minerals Inc. (TSX VENTURE: NAR) is pleased to report final diamond recoveries from the Qilalugaq Diamond Project bulk sample. The sample was collected in July and August 2014 from the Q1-4 kimberlite located just nine kilometres from the Hamlet… Continue Reading
North Arrow Minerals Inc. (TSXV-NAR) is pleased to report that yellow diamonds from the Q1-4 kimberlite contain un-aggregated nitrogen, a defining characteristic of rare, natural Type Ib diamonds with fancy “Canary Yellow” colours. Type Ib diamonds are exceptionally rare, estimated to make up less than 0.1% of natural diamonds globally. The Q1-4 kimberlite is located… Continue Reading
In November 2013, Canadian diamond explorer North Arrow Minerals (TSXV:NAR) made an exciting discovery at its Pikoo project in Saskatchewan, finding diamondiferous kimberlite at PK-150. The microdiamonds found in the drill core were exciting for the small company, although critics said there wasn’t much potential for size. This morning, North Arrow announced results from the… Continue Reading
A tight community of stock brokers, promoters and Canadian diamond investors saw some excitement today as North Arrow Minerals (NAR.V), a diamond explorer with active projects in Nunavut, Saskatchewan and elsewhere in Canada, halted its stock pending news. Over at our financial news chat application, chat.ceo.ca, users started speculating whether it would be drill results… Continue Reading
The following article was adapted from the August 27, 2014 issue of Resource Opportunities, our premium newsletter (the video below was taped in December 2014 and just released this morning). North Arrow is a presenting sponsor at our upcoming Subscriber Investment Summit in Toronto on February 28th, at a truly critical time for the company. Only a… Continue Reading
North Arrow Minerals (NAR.V) is a promising diamond exploration company with a portfolio of projects in Northern Canada. The company has extremely successful backers in the diamond industry, with Gren Thomas serving as Chairman, and his daughter Eira Thomas acting as an advisor to North Arrow. The Thomas’s led the Diavik diamond discovery in the… Continue Reading
As a young boy, long before the hunt for buried treasure in the frozen reaches of the Canadian North and the discovery of one of the world’s richest diamond mines, Gren Thomas’s adventures took place mostly in his imagination. Thomas grew up in Wales, coal mining country. And he was captivated by the exploits of… Continue Reading
Talk to anyone involved in the Canadian diamond business and ask them if they could have convinced banks to raise them $75 million in a bought-deal for their project over the last two decades. My suspicion is they would respond with a resounding “NO!” Today, shares of Mountain Province (MPV:TSX) resumed trading after the company announced late… Continue Reading
Canadian diamond explorer North Arrow Minerals (TSXV:NAR) is backed by Gren and Eira Thomas, Canada’s pioneering diamond family, and Lukas Lundin, the Swede natural resources developer. The company is focused on two projects, the more advanced Qilalugaq Q1-4 kimberlite in Nunuvut, and the earlier stage Pikoo project in Saskatchewan. Pikoo gets more interesting At Pikoo,… Continue Reading
The diamond sector has been ignored for over a decade, following a slew of major diamond discoveries in the last cycle including Ekati and Diavik which made prospectors and investors involved in those finds wildly wealthy. Today, the landscape is improving for diamond exploration, especially in the Canadian Arctic. However, there are still only a handful willing… Continue Reading
The Lundin Family has a number of trusts in which they invest heavily in their own Group companies, including Africa Oil, Lundin Petroleum, Lucara Diamond and Lundin Mining. The family also invests heavily in other companies. One such company is the Canadian diamond explorer, North Arrow Minerals (NAR:TSXV). Last year the company discovered kimberlite in east central Saskatchewan,… Continue Reading
