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Shear Diamonds Ltd. (TSX VENTURE:SRM) today announced the acquisition of 34 newly staked claims totaling 77,250 acres contiguous with the Carat Property surrounding the Jericho Diamond Mine.
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Shear Diamonds Ltd (Shear) is a Canada-based diamond exploration company focused on the evaluation of the Jericho Diamond Mine and nearby exploration assets. The Company is focused primarily in Nunavut but has additional properties in the Northwest Territories and other jurisdictions.
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The explosives plant and equipment are located on the Inuit-owned portion of the parcel. Tahera filed for bankruptcy in 2008 and mothballed Jericho. Shear Diamonds bought the mine in 2010, and …
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An aerial view of Jericho diamond mine. Well over a decade after the mine was shut down, court battles are still taking place over who's responsible for cleanup at the site. ... However, Shear Diamonds, which took responsibility for the mine for a short period in 2010, is no longer a viable business and therefore cannot be held accountable ...
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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.
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Shear, a Canadian diamond exploration company, is involved in eight diamond projects, including three advanced projects with development potential, the …
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The owner of the Jericho mine site in Nunavut has failed to pay millions of dollars to ensure the cleanup of the former site. Shear Diamonds disappeared last fall, after unexpectedly closing up ...
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Shear Diamonds Ltd (ZB_482561.ETR): Stock quote, stock chart, quotes, analysis, advice, financials and news for Stock Shear Diamonds Ltd | Xetra: | Xetra. ... The Jericho property includes a interest in the mineral claims and leases comprising the Jericho Diamond Mine, as well as a interest in the Carat property, a group of claims in ...
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Shear currently has a portfolio of eight diamond projects, including three advanced projects with development potential. Shear holds a interest in its 2010 acquired Jericho …
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Nunavut's abandoned Jericho diamond mine is now in the care of the federal government's Contaminated Sites Program. ... Shear Diamonds should have posted a security bond of $3.4 million — money ...
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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 …
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NORTHWEST TERRITORIES - Shear Diamonds of Toronto is beginning performance tests in the diamond recovery plant at the closed Jericho diamond mine in anticipation of reopening it. Running stockpiled material through the mill will give the company a better understanding of how the plant works and what modifications might be …
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Hopes were high for the Jericho mine when it started cranking out carats five years ago in Nunavut, 420 km northeast of Yellowknife. But operational setbacks, the strong loonie, skyrocketing oil ...
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Shear Diamonds Ltd (Shear) is a Canada-based diamond exploration company focused on the evaluation of the Jericho Diamond Mine and nearby exploration assets. The Company is focused primarily in Nunavut but has additional properties in the Northwest Territories and other jurisdictions.
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From Tache, Shear will receive debt financing as a term loan worth $2 million repayable in installments over 12 months when Shear starts receiving proceeds from its Jericho diamonds. It will also receive a revolving credit facility worth $3 million, which can be taken against when it begins shipping diamonds from the existing recovery …
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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 ...
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The Belgian diamond firm Taché has agreed to purchase rough and polished diamonds from the Jericho project and to provide Shear with a loan of $2 million, repayable over 12 months, after Shear begins recieving the proceeds of diamond sales. And after Shear starts shipping diamonds, Taché will give them a $3 million line of credit.
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Shear Diamonds Ltd (Shear) is a Canada-based diamond exploration company focused on the evaluation of the Jericho Diamond Mine and nearby exploration assets. The …
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Nunatsiaq Online reported that though the Nunavut-based Jericho diamond mine remains in legal limbo, the Nunavut Impact Review Board continues to request that Shear Diamonds Corp., its legal owner ...
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Shear Diamonds Ltd. (TSX VENTURE:SRM) announces the 2011 work plan with an approved $4.6 million Phase 1 budget for its Jericho Diamond Project, Nunavut. At site, a five-person crew was mobilized ...
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The Ekati Diamond Mine Mines In Development. The Jericho Mine: Nunavut's only producing diamond mine was developed by Tahera Diamond Corp. and produced 780,000 carats between 2006 and 2008. Tahera ran into financial difficulties due to high operating costs in a difficult environment, a high Canadian dollar, and a short …
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The Belgian diamond firm Taché has agreed to purchase rough and polished diamonds from the Jericho project and to provide Shear with a loan of $2 million, …
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Tahera opened the Jericho mine in 2006, after an agreement for a diamond marketing alliance was signed with Tiffany & Co. In 2007 the company reported financial losses and in 2008, the company filed an application for protection from creditors, and suspended its mining operations. On July 19, 2010 Shear Diamonds acquired Jericho …
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Shear Diamonds Ltd. says it's begun processing diamonds from the stockpiles at its Jericho diamond mine in Nunavut. About 3,500 carats have been recovered from 358 tonnes after the first 10 full days of processing, the company reported May 1. For the next 10 months, Shear plans to focus on the processing of these stockpiles.
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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 interest in the Jericho Diamond Mine …
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Shear Diamonds (TSX VENTURE:SRM), the company that bought Canada's Jericho mine site in 2010 after the previous owners went bankrupt, have vanished off the face of the earth.
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On September 4, 2012 Shear announced that it had suspended production of its high grade stockpiles at its owned Jericho diamond mine as a result of continuing weak world diamond prices.
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The company that now owns the Jericho mine, which is 360 kilometres south of Cambridge Bay, Nunavut, is preparing to look for diamonds there again. ... Shear Diamonds bought the mine in July 2010 ...
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The old Jericho diamond mine continues to languish, according to Nunavut regulators, and there's no indication that anything will be done with the site, any time soon. ... Shear Diamonds announced ...
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Real-time Price Updates for Shear Diamonds Ltd (SRMUF), along with buy or sell indicators, analysis, charts, historical performance, news and more
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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 then went into creditor protection in January 2008. ... Shortly thereafter, court officials attempted to serve documents on Shear Diamonds and also Taché Company, part of the diamond …
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