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Opportunities North


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Corporate News
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These links access press releases in Adobe PDF format

July 2014

July 2, 2014

  • Kivalliq Energy Announces $1.1 Million Financing

    June 2014

    June 25, 2014

  • Peregrine Provides Chidliak Project Update and Encouraging Diamond Results from the CH-46 Kimberlite

    April 2014

    April 30, 2014

  • Avalon Receives Land Use Permit to Start Pre-Construction at the Nechalacho Rare Earth Elements Project

    April 11, 2014

  • TerraX Completes Drilling at Homer Lake and Moves Drill #1 to Barney Shear, Yellowknife City Gold Project; Drilling Continues With Drill #2 at Crestaurum Gold Deposit

    December 2013

    December 12, 2013

  • Avalon's Nechalacho Project Metallurgical Process Optimization Yielding Improved REE Recoveries

    December 3, 2013

  • Mackenzie Valley Land and Water Board Approves Gahcho Ku� Pioneer Land Use Permit

    November 2013

    November 6, 2013

  • TerraX Fall Sampling Identifies New Mineralized Structures at Northbelt; Results Include Values Up to 145 g/t Au, 170 g/t Ag, 11.25% Pb, 6.41% Zn and 0.85% Mo in Grab Samples

    November 4, 2013

  • Sabina Gold & Silver Announces Positive Results From Echo Zone at Back River Project

    October 2013

    October 30, 2013

  • TerraX Options Walsh Lake Property Adjacent to Northbelt Property, Yellowknife, NWT

    October 15, 2013

  • North Arrow Concludes 2013 Exploration Program at Redemption Diamond Project, NWT
  • Kivalliq Acquires Baker Basin Uranium Property in Nunavut

    October 9, 2013

  • Sabina Gold & Silver Announces Positive Preliminary Feasibility Study on Back River Gold Project, Nunavut

    October 7, 2013

  • Rapier Gold Provides Exploration Update on the Pen Gold Project, 37.6 g/t Sample Taken in New Target Area

    October 2, 2013

  • TerraX Assays 62.90 g/t Au Over 5.00 m (Hole 85-150) Less Than 50 M From Surface on the North Extension Shoot at Northbelt Property, Yellowknife Gold Camp

    October 1, 2013

  • Northquest Ltd. announces drilling results from the Pistol Bay Gold Project, Nunavut, Canada

    September 2013

    September 27, 2013

  • TerraX Assays High-Grade Gold from Yellowknife Gold Camp

    September 5, 2013

  • The North West Company Inc. Announces Second Quarter Earnings, a Quarterly Dividend and the Refinancing Terms of Its International and Canadian Loan Facilities

    More press releases on
    archive page



  • Snowfield Development Corp. was handed $40,000 in fines and ordered to pay $212,908 for abandoning an exploration site at Drybones Bay, seen here during a 2007 fire caused by the company. - NNSL file photo
    Company must pay $250,000 for failing to restore land

    A diamond exploration company that abandoned its claim 50 kilometres southeast of Yellowknife after its land use permit ran out was ordered to pay more than $250,000 Wednesday to clean it up. ARROW Continued

    See also:
    News LinkNo fracking in the Delta
    News LinkYellowknife’s local photog store
    News LinkArctic Closet to close doors
    News LinkNew fracking regulations for 2015



    Business Briefs
    Monday, August 18, 2014

    GNWT scores high credit rating, again

    NWT - Moody’s Investor Service has continued the GNWT’s Aa1 credit rating with a stable outlook.
    “The NWT adheres to prudent fiscal policy that aims to maintain the structural alignment of revenues and expenses while making necessary expenses in priority areas such as health, social services and infrastructure,” Moody’s said in a written statement. “The NWT, overall, displays strong governance and management factors.”
    The GNWT shares its rating with Manitoba and Saskatchewan. The highest credit rating issued by Moody’s is Aaa, one step above the GNWT’s current rating.

    Inuvik permits hit $3.55 million

    INUVIK - So far this year the Town of Inuvik has approved 16 development and building permits. Four permits were issued in July by the middle of the month, after the town processed eight permits in June.
    The town has issued permits totalling $3.55 million, and collected $1,935 in development permit revenue with an additional $17,725 in building permit fees since the beginning of the year. - Shawn Giilk

    Kennady Diamonds announces results

    NWT - Kennady Diamonds Inc. (TSX-V: KDI) announced recently the diamond recovery results from its Faraday 2014 spring drill program at its 100 per cent-controlled NWT Kennady North diamond project. Kennady Diamonds CEO Patrick Evans stated in a press release, “The Faraday (kimberlite) sample grade of 5.10 carats per tonne is outstanding and amongst the highest diamond sample grades recorded in Canada. This result confirms that the Faraday kimberlite has the potential to host a high grade diamond resource.”
    This result was from 933 kilograms of kimberlite.
    Kennady’s Kennady North diamond project is near the proposed Gahcho Kue diamond mine currently under development. The company hopes to identify a resource along the Kelvin – Faraday kimberlite corridor of between five and eight million tonnes and also to identify new kimberlites outside of the corridor. There has yet to be sufficient drilling to define a mineral resource.
    Work continues on the property.

    Monitor named for Mary River Project

    BAFFIN ISLAND - In keeping with the terms and conditions of Baffinland Iron Ore Corp.’s Mary River Project certificate, the Nunavut Impact Review Board has named Solomon Amuno as been named as the project’s Monitoring Officer. Amuno is a technical advisor with the review board.

    Peregrine prepares rights offering

    IQALUIT - Peregrine Diamonds Ltd. (TSX:PGD) announced last week the company is preparing a rights offering to fund its planned 2015 bulk sampling program on its Chidliak diamond property 120 kilometres northeast of Iqaluit.
    Peregrine has identified eight potentially economically viable kimberlites on the property. An inferred mineral resource of 7.47 million carats in 2.89 million tonnes of kimberlite at a grade of 2.58 carats per tonne has been defined for a portion of one kimberlite. This year, Peregrine has been drilling three other kimberlites to define bulk sample targets for next year.
    Tom Peregoodoff, Peregrine executive vice-president of business development, said “the objective of this rights offering is to allow us to complete our bulk sample program in 2015 and deliver a PEA (preliminary economic assessment) in the first quarter of 2016.”
    The rights offering should be finalized within two weeks, pending B.C. Securities Commission approval.

    Meliadine gold mine meetings held

    KANGIQLINIQ/RANKIN INLET - The Nunavut Impact Review Board held a pair of public meetings in Rankin Inlet on Aug. 11 and 12 to provide information to the community on the board’s review of Agnico Eagle Mines Ltd.’s Meliadine gold mine project and the board’s upcoming final hearing on the proposed project.
    The board’s week-long final hearing on its review of the Meliadine project will be held in Rankin Inlet from Aug. 21 - 27 at the community hall.
    - Darrell Greer



    Market reports

    NNSL photo/graphic

    NWT and Nunavut Mining

    This report highlights what's happening in Nunavut and Northwest Territories Mining industry.

  • Section A
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  • 2013 Trade shows and conferences

    Round Up
    • Where: Vancouver, BC
    • When: Jan 29 - Feb 3, 2013
    Kitikmeot Trade Show
    • Where: Cambridge Bay, NU
    • When: February 11-13, 2013
    Nunavut Mining Symposium
    • Where: Iqaluit, NU
    • When: April 8 - 11, 2013
    Yellowknife Trade Show
    • Where: Yellowknife, NWT
    • When: May 11-12, 2013
    Inuvik Petroleum Show
    • Where: Inuvik, NWT
    • When: June 10-12, 2013
    Business, Home & Leisure Show
    • Where: Hay River, NWT
    • When: September 2013
    Nunavut Tradeshow
    • Where: Iqaluit, NU
    • When: September 2013
    Prospects North
    • Where: Yellowknife, NT
    • When: October, 2013
    NWT Tourism Conference & AGM
    • Where: Yellowknife, NWT
    • When: November, 2013
    Kivalliq Tradeshow
    • Where: Rankin Inlet, NU
    • When: November, 2013
    NWT & NU GeoScience Forum
    • Where: Yellowknife, NWT
    • When: November 19-21, 2013