Margaret Lake Diamonds Inc. wishes to announce, further to the Company's news release dated July 12, 2022, it has entered into an amended and restated settlement agreement in respect of the last of the three previously announced outstanding debts with creditors. The Debt Settlement was reduced from CA$300,000 in the original settlement agreement to CA$225,000 in the amended and restated settlement agreement. Pursuant to [...]
A total of 3kg of Arbutus kimberlite was processed at CF Minerals of Kelowna and interpreted by Dr. Chuck Fipke He reports that Arbutus Kimberlite should have excellent diamond potential with some of the best chemistries he has seen - Margaret Lake Diamonds Inc. is pleased to announce diamond indicator mineral "DIMS" analysis and classification has been completed by C.F. Mineral Research Ltd, on core sample from the [...]
Margaret Lake Diamonds Inc. is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement under which MLD raised aggregate gross proceeds of $777,368 The Offering consists of the issuance of: an aggregate of 4,820,841 units of the Company at a price of $0.14 per Unit for gross proceeds of $674,918, Each Units consists of one Common shares and one shares purchase [...]
Margaret Lake Diamonds Inc. is pleased to provide an update on its Letain property located approximately 70km ESE of Dease Lake in northern B.C. within the Cassiar Mountains. Click Image To View Full Size The Letain mineral claims feature-disseminated awaruite, a naturally occurring Ni-Fe alloy that is hosted in peridotite and minor dunite. Several peridotite-hosted zones contain fine and coarse Ni-Fe alloy grains [...]
Margaret Lake Diamonds Inc. is pleased to announce a non-brokered private placement of units at a price of $0.05 per Unit for aggregate gross proceeds of up to $500,000 . Each Unit will be comprised of one common share and one common share purchase warrant . Each Warrant will entitle the holder to purchase one common share at a price of $0.10 per share for a period of 24 months from the date of issuance. Each Warrant is [...]
Margaret Lake Diamonds Inc. is pleased to announce its Joint Venture partner Arctic Star has received all the diamond results from its Spring drilling program where five new Kimberlites were discovered. Caustic Fusion processed four of these Kimberlites. The fifth Kimberlite was not sampled being a small one-metre dyke like intercept. The results are listed in the order of the sequence they were discovered. The Sequoia [...]
Margaret Lake Diamonds Inc. is pleased to announce that Arctic Star has received the second round of caustic fusion diamond results from the Sequoia Kimberlite complex. The results are from the remaining half of the drill core recovered from drill holes DG 2021 04 and DG 2021 05 drilled 202m apart in the central and northern parts of the Sequoia Kimberlite complex. The results are given in Table 1. The entire core has now [...]
Margaret Lake Diamonds Inc. is pleased to announce that Arctic Star has received diamond indictor mineral results and an interpretation of these from Chuck Fipke for the first hole into the Sequoia Kimberlite complex. The results demonstrate the existence of a number of indicator types that occur with diamonds and strongly suggest the presence of diamonds. Furthermore, indicator minerals of identical multi-element [...]
Margaret Lake Diamonds Inc. is pleased to announce the Company has applied for conditional approval from the TSX Venture Exchange for a waiver from the five-cent minimum price requirement and intends to complete a non-brokered private placement for up to 5,000,000 Units at a price of CA$0.03 per Unit. Each Unit will consist of one common share in the capital of the Company and one common share purchase warrant . Each [...]
Margaret Lake Diamonds Inc. is pleased to announce at the Company's Annual General Meeting held Thursday August 5 , all resolutions proposed were duly passed by the shareholders of the Company. Shareholders of the Company approved and re-appointed Neil Foran, Jim Wiesenberg, Patrick Butler and George Kovalyov as Directors for the Company. Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, were [...]
Margaret Lake Diamonds Inc. today announced that it has granted, effective August 3rd, an aggregate of 2,500,000 stock options in recognition to directors, and officers of the Company. The options are being issued in accordance with the Company's shareholder approved stock option plan. Each Option is exercisable into one common share in the capital of the Company at a price of $0.05 per share for a period of 3 years from [...]
Margaret Lake Diamonds Inc. is pleased to announce samples taken revealed a high concentration of coarse grain awaruite and management is having 10 x 5 kilogram rock chip samples tested by SGS Canada using "Davis Tube" and assay on the concentrate product and tailings for Fe, Ni, S, Cr, Co as well as Rapid Mineralogical Scan on one composite sample. A report has recently been filed in compliance with National Instrument [...]
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