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DIAMOND DEVELOPMENT NEWS Environmental Board Okays Snap Lake Development

YELLOWKNIFE, Northwest Territories The Snap Lake diamond mine proposed by DE BEERS CANADA is a step closer to pro...



YELLOWKNIFE, Northwest Territories The Snap Lake diamond mine proposed by DE BEERS CANADA is a step closer to production. The Mackenzie Valley Environmental Impact Review Board has completed its assessment and recommended to the Minster of Indian and Northern Affairs that the project proceed.

The 300-page report is the product of a 14-month environmental assessment and contains numerous recommendations and suggestions currently being reviewed by De Beers Canada. Richard Molyneux, president and CEO, said, "This is a significant step forward for our project and we are pleased that it has received a positive recommendation from the Board. We hope to receive the land and water use permits during the first quarter of next year, allowing us to use the 2004 winter road to start site activities."

The Snap Lake mine, 220 km northeast of Yellowknife, will be a 3,000 tonnes/day underground development with a minable tonnage of 22.8 million t. If mine development begins as planned next year, construction should be complete in the first quarter of 2007, with full production expected by the end of that year.

Don’t miss the stunning pictures of the Snap Lake project available at www.debeerscanada.com.


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