Arctic Blue Diamonds gains controlling interest in WO Diamond Project

Online Jeweler Acquires Majority Stake in Diamond Field

Online jewelry retailer Arctic Blue Diamonds has purchased an 89.7% stake in a Canadian exploration project with indicated rough-diamond resources of 18.2 million carats.  The WO Diamond Project, located in the Northwest Territories, encompasses eight mining leases covering 5,815 hectares, Arctic Blue said Wednesday. It’s approximately 23 kilometers from Rio Tinto’s Diavik mine and 53 kilometers from Burgundy Diamonds’ Ekati mine. The jeweler pu…

Arctic Blue Diamonds gains controlling interest in WO Diamond Project

Arctic Blue Diamonds has acquired an 89.7% interest in the WO Diamond Project, which includes the high-grade DO27 kimberlite.The post Arctic Blue Diamonds gains controlling interest in WO Diamond Project appeared first on Mining Technology.