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shear diamonds buys jericho

Shear Diamonds seeks a buyer as Jericho mine languishes

Dec 20, 2013 There are new, but faint, signs of life at Shear Diamonds. That’s the company that tried to re-open Nunavut's Jericho mine in 2010, before disappearing more than a year ago. Now, after a long...

Shear buys Nunavut's Jericho diamond mine CBC News

An Alberta-based company has bought Nunavut's only diamond mine. Shear Minerals is hoping the Jericho mine, which was mothballed in 2008, can be returned to profitability.

Shear Minerals Ltd. to Acquire Jericho Diamond Mine, Nunavut

July 19, 2010 EDMONTON, Alberta Shear Minerals Ltd. (“Shear”) (SRM:TSXV) is pleased to announce that it has entered into a Purchase and Sale Agreement (the “Agreement”) with Tahera Diamond Corp. (“Tahera”) and Benachee Resources Inc. (collectively the “Vendors”) to acquire a 100% interest in the Jericho Diamond Mine (“Jericho”) and processing facilities and all

Diamonds.net Shear Acquires New Claims Near the Jericho Mine

Shear Diamonds Ltd. acquired 34 newly staked claims totaling 77,250 acres contiguous with the

Shear Diamonds puts the brakes on production at Nunavut's

Shear bought the mothballed Jericho property from the insolvent remains of the Tahera Diamond Corp. in August 2010. The Jericho mine, which last operated from 2006 to 2008, was Nunavut’s first diamond mine. From 2006 to 2008, the mine produced 780,000 carats of diamonds from 1.2 million tonnes of kimberlite mined from its open pit operation.

Shear buys Nunavut's Jericho diamond mine CBC News

An Alberta-based company has bought Nunavut's only diamond mine. Shear Minerals is hoping the Jericho mine, which was mothballed in 2008, can be returned to profitability.

Diamonds.net Shear Acquires New Claims Near the Jericho Mine

Shear Diamonds Ltd. acquired 34 newly staked claims totaling 77,250 acres contiguous with the

Shear Minerals Ltd. to Acquire Jericho Diamond Mine, Nunavut

July 19, 2010 EDMONTON, Alberta Shear Minerals Ltd. (“Shear”) (SRM:TSXV) is pleased to announce that it has entered into a Purchase and Sale Agreement (the “Agreement”) with Tahera Diamond Corp. (“Tahera”) and Benachee Resources Inc. (collectively the “Vendors”) to acquire a 100% interest in the Jericho Diamond Mine (“Jericho”) and processing facilities and all

Shear Minerals agrees to buy shuttered Jericho diamond mine

TSX Venture Exchange-listed Shear Minerals has reached an agreement to buy the Jericho diamond mine and related facilities in Canada's Nunavut territory, as well as some other exploration assets

Owners of Nunavut's first diamond mine deserted site CBC

Shear Diamonds bought the Jericho mine site in 2010 after the previous owners went bankrupt. The company hoped to re-open the mine, but ended up putting the site under what it called "temporary

Shear recovers 3,500 carats from Jericho diamond mine in

May 01, 2012 Canadian junior Shear Diamonds Ltd. (TSX VENTURE:SRM) announced today it’s begun processing diamonds from the stockpiles at its Jericho diamond mine in Nunavut, Canada.

DIAMOND DEVELOPMENT: Shear updates Jericho operation

Jun 11, 2012 NUNAVUT Shear Diamonds of Toronto delivered the first parcel of diamonds from its Jericho diamond project to its marketing partner, Tache Company NV, on May 29, 2012.The parcel contained 11,317.98 ct. Tache has made an interim payment of US$500,000 to Shear in expectation that the total value of the parcel will be more than that.

In wake of Nunavut’s Jericho mine fiasco, terminated

Shear Diamonds Ltd., under CEO Pamela Strand, bought the insolvent Jericho Mine, located south of Kugluktuk near Contwoyto Lake, for $6 million in 2010 after it went into bankruptcy protection, hoping to extract diamonds from piles of unprocessed ore lying around the mothballed site.

Shear recovers 200 carats of diamonds from Jericho mine

Shear Diamonds Ltd. announced this week that it had recovered its first 200 carats of diamonds from the Jericho diamond mine. The diamonds, recovered from tailings discarded when the mine was in operation from 2006 to 2008, included 14 stones greater than .5

Jericho Diamond Mine Wikipedia

The Jericho Diamond Mine is a dormant diamond mine located in Canada's Nunavut territory. Jericho is Nunavut’s first and only diamond mine. It is located 420 km (260 mi) northeast of Yellowknife, Northwest Territories and is accessible by air all year and by winter road from Yellowknife. The project was mined from 2006 to 2008, and produced 780,000 carats (156 kg; 344 lb) of diamonds from

Shear Diamonds puts the brakes on production at Nunavut's

Shear bought the mothballed Jericho property from the insolvent remains of the Tahera Diamond Corp. in August 2010. The Jericho mine, which last operated from 2006 to 2008, was Nunavut’s first diamond mine. From 2006 to 2008, the mine produced 780,000 carats of diamonds from 1.2 million tonnes of kimberlite mined from its open pit operation.

Abandoned Nunavut diamond mine now belongs to the Crown

Nunavut Impact Review Board staff have been monitoring the site for more than a year since Shear effectively washed its hands of the mine after extracting diamonds for about four months in 2012. Before that, Jericho was owned by Tahera Diamond Corp. which operated the mine, located in the western Arctic’s diamond belt, from 2006 to 2008 and

Jericho purchase marks change in strategy for Shear

Shear hopes to have a new resource estimate and economic assessment for Jericho next fall. That will be a critical decision point. If the decision is positive, then Jericho could be back in production by the summer of 2012, and Shear would be faced with the pleasant decision of how to market and sell rough diamonds.

Shear Diamonds suspends production at Jericho The

Shear Diamonds (SRM-V) suspended production from stockpiles at its Jericho diamond mine, in Nunavut, in early September.. The company, led by president and CEO Julie Lassonde, had been hoping to prove the viability of the project this year. Jericho was a past producer from 2006-2008.

Nunavut regulator seeks reports from Jericho mine owner

Shear Diamonds, which owns the Jericho mine, is being told by Nunavut regulators to get its paperwork together. The company bought the defunct mine south of Cambridge Bay in 2010 but has since

Owners of Nunavut's first diamond mine deserted site CBC

Shear Diamonds bought the Jericho mine site in 2010 after the previous owners went bankrupt. The company hoped to re-open the mine, but ended up putting the site under what it called "temporary

Jericho purchase marks change in strategy for Shear

Shear hopes to have a new resource estimate and economic assessment for Jericho next fall. That will be a critical decision point. If the decision is positive, then Jericho could be back in production by the summer of 2012, and Shear would be faced with the pleasant decision of how to market and sell rough diamonds.

Shear recovers 3,500 carats from Jericho diamond mine in

May 01, 2012 Canadian junior Shear Diamonds Ltd. (TSX VENTURE:SRM) announced today it’s begun processing diamonds from the stockpiles at its Jericho diamond mine in Nunavut. Nearly 3,500 carats have been

DIAMOND DEVELOPMENT: Shear updates Jericho operation

Jun 11, 2012 NUNAVUT Shear Diamonds of Toronto delivered the first parcel of diamonds from its Jericho diamond project to its marketing partner, Tache Company NV, on May 29, 2012.The parcel contained 11,317.98 ct. Tache has made an interim payment of US$500,000 to Shear in expectation that the total value of the parcel will be more than that.

Shear recovers 200 carats of diamonds from Jericho mine

Shear Diamonds Ltd. announced this week that it had recovered its first 200 carats of diamonds from the Jericho diamond mine. The diamonds, recovered from tailings discarded when the mine was in operation from 2006 to 2008, included 14 stones greater than .5

Shear approves initial $4,6m for Jericho diamond mine

TSX Venture Exchange-listed Shear Diamonds has approved an initial $4,6-million budget for the first phase of work at its Jericho diamond project, with drilling to begin in early April. The

MINERAL PROCESSING: Shear recovers diamonds from Jericho

May 01, 2012 NUNAVUT Toronto-based Shear Diamonds has begun processing high grade concentrate stockpiles at its Jericho diamond mine and reports the recovery of 3,500 ct from 358 tonnes of material in the first 10 days of processing.. Shear says it has worked hard to overcome processing challenges at Jericho. These include the balancing of processes and general flowsheet fine tuning,

Abandoned Nunavut diamond mine now belongs to the Crown

Nunavut Impact Review Board staff have been monitoring the site for more than a year since Shear effectively washed its hands of the mine after extracting diamonds for about four months in 2012. Before that, Jericho was owned by Tahera Diamond Corp. which operated the mine, located in the western Arctic’s diamond belt, from 2006 to 2008 and

Jericho Diamond Mine Wikipedia

The Jericho Diamond Mine is a dormant diamond mine located in Canada's Nunavut territory. Jericho is Nunavut’s first and only diamond mine. It is located 420 km (260 mi) northeast of Yellowknife, Northwest Territories and is accessible by air all year and by winter road from Yellowknife. The project was mined from 2006 to 2008, and produced 780,000 carats (156 kg; 344 lb) of diamonds from

Shear recovers 3,500 carats from Jericho diamond mine in

Canadian junior Shear Diamonds Ltd. (TSX VENTURE:SRM) announced today it’s begun processing diamonds from the stockpiles at its Jericho diamond mine in Nunavut. Nearly 3,500 carats have been recovered from 358 tonnes after the first 10 full days of processing, the company said. adding that it aims to focus on the processing of these

DIAMOND EXPLORATION: Shear takes Jericho step closer to

Shear also plans to begin pit dewatering by the end of July 2011. The pit has been flooded since Tahera suspended operations in June 2008. When mining ceased, the Jericho property had a 43-101 indicated resource of 1.88 million ct and inferred resource of 1.13 million ct in five known kimberlites within trucking distance to the recovery plant.

DIAMOND EXPLORATION: New model, more diamonds from Jericho

Oct 11, 2011 NUNAVUT Since buying the former Jericho diamond mine in the Kitimeot region in August 2010, Shear Diamonds of Toronto has been re-exploring the property in the hopes of reopening the mine. With a new geological interpretation and 3-D model of the Jericho Kimberlite Complex, the company is moving closer toward its goal.

Nunavut diamond mine owners owe $2M for cleanup costs

Shear Diamonds disappeared last fall, after unexpectedly closing up the Jericho site. Jericho was Nunavut's first diamond mine. Shear still hasn't declared bankruptcy, but it now seems the federal