Canadian Mining Journal

News

CORPORATE NEWS Northern Empire, Stornoway Merge

VANCOUVER, British Columbia Northern Empire Minerals and Stornoway Ventures (both of Vancouver) have combined the...


VANCOUVER, British Columbia Northern Empire Minerals and Stornoway Ventures (both of Vancouver) have combined their businesses under the name STORNOWAY DIAMOND CORP.

The transaction consolidated Northern Empire’s and Stornoway’s interests in the Aviat project, giving the new company greater control (70%) over exploration and development. The Aviat project is located on the Melville Peninsula in Nunavut and hosts the diamondiferous AV-1 kimberlite.

Stornoway has a 35% interest in the Churchill diamond project, totaling more than 1.5 million acres located near the community of Rankin Inlet, Nunavut. Recent drill testing of priority geophysical targets identified at Churchill in 2002 has resulted in the discovery of nine new kimberlite-like bodies. Many high priority geophysical targets remain to be drill tested as part of an ongoing summer exploration program that also includes geophysics, prospecting and sampling.

A list of the company’s other exploration projects is available at www.stornowaydiamonds.com.


Print this page

Related Posts



Have your say:

Your email address will not be published. Required fields are marked *

*