The main camp at the Ekati mine. Credit: Dominion Diamond.
NORTHWEST TERRITORIES – Dominion Diamond Corp. of Yellowknife, NWT, has consolidated its land position around the Ekati diamond mine at Lac de Gras. The company has come to an agreement with Archon Minerals to convert Archon’s participating joint venture interest in the Buffer zone to a royalty of 2.3% of all future gross revenues from that zone.
The transaction gives Dominion a 100% interest in the Buffer zone. The company also holds an 88.9% interest in the Core zone of the mine.
Mining from the Buffer zone began on April 1, 2017. This zone hosts 38 kimberlite pipes. Exploration in the area continues.
More information about the Ekati project is posted at www.DDCorp.ca.