More DeBeers
De Beers Invests in Possible Canadian Kimberlite
(August 4, 2000) In another attempt to grab a piece of a viable mine in
Canada, De beers will pay Darnley Bay Resources Ltd., a small-cap
Toronto-based mining resources firm, $338,000 toward a diamond exploration
program located at the Northern tip of the Northwest territories.
Before Darnlay became aware of the areas potential for diamonds, it was
originally searching the area for nickel, copper and platinum.
"Three and possibly four diamond fields (clusters) are already indicated
from the earlier surveys," said Leon La Prairie, president and chief
executive of Darnley Bay.
De Beers, after conducting its own tests, will pay Darnlay to analyze
samples covering a 10,000 square kilometer (4,000 square mile) area. |
