Tag Archives: mining

Azimut and SOQUEM alliance acquires four gold properties

Azimut Exploration Inc. has acquired four gold exploration properties in the James Bay-Eeyou Istchee territory of Quebec. The properties—Munischiwan, Pikwa, Pontois, and Desceliers—were acquired through Azimut’s strategic alliance with SOQUEM Inc. Both Azimut and SOQUEM own a 50 per cent interest in all four projects.

SOQUEM’s mission is to explore, discover, and develop mining properties in Quebec, while Azimut focuses on partnership development and target generation using geoscientific databases.

The strategic alliance was formed in … Continue reading Azimut and SOQUEM alliance acquires four gold properties

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Gahcho Kué mine opens

The Gahcho Kué mine—one of the 10 largest diamond mines in the world—will formally open today. The mine sits about 280 kilometres northeast of Yellowknife and is only 80 kilometres southeast of De Beer’s recently closed Snap Lake diamond mine.

The mine, which is co-owned by De Beers Canada (51 per cent) and Mountain Province Diamonds (49 per cent), is estimated to provide a $6.7 billion boost to the Canadian economy over its anticipated … Continue reading Gahcho Kué mine opens

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Diavik hits 100-million-carat milestone

One hundred million carats of rough diamonds have been unearthed at Canada’s Diavik mine since production commenced in 2003. Located on an island in a remote sub-arctic lake, Diavik produces predominantly gem-quality diamonds. The mine is operated and partly owned by Rio Tinto.

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