Six mining leases from GGL Resources Corp have been acquired by Kennady Diamonds, which neighbor the highly valued Gahcho Kue mine in Canada, for the price of $154,949 (CAD 200,000) cash.
The land now under Kennady North Project possession takes up 71,000 hectares and is a “natural extension to our portfolio and strengthens our land position within the Kelvin-Faraday corridor,” said Rory Moore, president and chief executive officer of Kennady Diamonds. Moore sates “Although our primary focus will remain the Kennady North area, we look forward to testing kimberlite targets within the new leases, beginning with an in-depth review of the historical data.”
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
