The last Northern gold rush occurred in the late-19th century in the Yukon when tens of thousands of prospectors made their way to Dawson City to find their fortunes. Since then, miners and oil workers have continued to seek wealth in the North. In the past decade, history has repeated itself with the discovery of diamonds in Canada's North.
Diamond exploration in Canada began in the 1960s, but major discoveries of diamond-bearing kimberlite ore did not occur until the 1990s. With the discovery of diamonds in the Northwest Territories and Nunavut in 1991, Canada has risen to become one of the top three diamond producers in the world in terms of value, behind Botswana and Russia. Currently, Canada produces 15% of the world's diamonds. According to Statistics Canada, 13.8 million carats of diamonds worth approximately $2.8 billion have been mined in Canada between 1998 and 2002. To put it in perspective, each day Canada produces one 1.5 kilogram bag of diamonds worth $1.5 million. It is hoped that the diamond mines will provide income for decades to come.
In 1991, the first diamonds were found at Point Lake near Lac de Gras in the Northwest Territories, some 300 kilometers northeast of Yellowknife. Soon after the initial find, two diamond mines were opened in this region, the Ekati and Diavik mines. Diavik is approximately 100 kilometres southeast of Ekati. A third diamond mine, Jericho-3, began production in 2005, in Nunavut. A fourth diamond mine, Snap Lake-4 in the Northwest Territories, should begin production in 2007.
The Jericho-3 mine is located near the north end of Contwoyto Lake in West Kitikmeot, Nunavut Territory (NT). It is operated by the Tahera Diamond Corporation, which has been exploring for diamonds in Nunavut for the past seven years. Operations will commence with an open pit mine, and despite the harsh climate, it is planned to operate year-round. It is currently projected that the mine and processing plant will have an 8-year life and employ a total of approximately 125 to 175 employees and contractors.
The majority of shares in the Ekati mine (80%) are owned by the Australian mining conglomerate BHP Billton. The remaining 20% are owned by prospectors Charles Fipke and Stewart Blusson. The Ekati Diamond Mine is the only diamond mine owned by BHP Billiton and produces nearly four per cent of current world diamond production by weight and six per cent by value. The mine is expected to be viable for 20 years.
The Diavik mine, located about 300 km (180 miles) north of Yellowknife, is owned by Britain's Rio Tinto PLC (60 per cent) and Toronto-based Aber Diamond Corp. (40 per cent). It employs 700 workers and produces 8,000,000 carats annually for total sales of $100,000,000 Cdn. The area was first surveyed in 1992, construction began in 2001, and diamond production started in 2003. It provides approximately 5% of world diamond production. The mine is also expected to remain in operation for 20 years.
The Snap Lake mine, owned by DeBeers and operated by DeBeers and AMEC consultants, is starting this year and is expected to remain in production for 20 more years. This mine is located under a lake and will be the first entirely underground diamond mine in Canada. DeBeers also owns the Victor mine, an open-pit diamond mine in a remote area in the James Bay Lowlands of Northern Ontario, approximately 90 km west of the coastal community of Attawapiskat.
About The Author: J Schipper knows a bit about diamonds.http://www.diamonds-now.info http://www.diamondzmall.comhttp://www.qxt.com
Don’t forget your camera as Cumberland’s scenic beauty offers unparalleled photo opportunities for the camera buff. If driving from Victoria the time is about one and one-half hours to Nanaimo. From Nanaimo there are two routes to Cumberland: If you take the scenic coast shore route on Highway 19 the driving time will be about one hour and twenty-five minutes. Or you can further shorten the driving time to Cumberland by taking the new Inland Island Highway from Nanaimo to Courtenay, which is an hour’s drive. Cumberland is ten minutes west from Courtenay.
Golden is a village of 10,000 population situated in the confluence of the British Columbia and Kicking Horse rivers in a long deep valley between the Rocky and Purcell Mountain ranges in eastern BC, at an elevation of 790 m [2591 ft] located at the heart of six mountainous national parks.
The Aerie is only 30 minutes via car from Victoria, BC's capital city.
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