Margaret Lake Diamonds Inc. is pleased to announce that it has received caustic fusion diamond results from the Sequoia Kimberlite Complex from the Diagras Project. The Diagras project is located at prolific diamond production district of Lac de Gras in the Northwest Territories and is a Joint Venture between MLD and Arctic Star Exploration Corp. The results are given below in Table 1 along with the previous results for [...]
Margaret Lake Diamonds Inc. is providing an update with respect to the expected timeline for filing its audited annual financial statements for the year ended May 31, 2022, the related management's discussion and analysis and certificates of its CEO and CFO and its previously announced management cease trade order issued by the Company's principal regulator, the British Columbia Securities Commission , on September 29 [...]
Margaret Lake Diamonds Inc. has cancelled the grant stock options to certain directors, officers or consultants to purchase up to an aggregate of 1 million common shares of the company. Margaret Lake Diamonds Inc. is providing an update with respect to the expected timeline for filing its audited annual financial statements for the year ended May 31, 2022, the related management's discussion and analysis, and certificates [...]
Margaret Lake Diamonds Inc. has granted stock options to certain directors, officers and consultants to purchase up to an aggregate of 1 million common shares of the company at a price of $0.055 per share, exercisable up to one years from the date of grant. About Margaret Lake Diamonds Inc. Margaret Lake is a Canadian-based mineral exploration company. As part of its joint venture with Arctic Star Exploration, Margaret [...]
Margaret Lake Diamonds is providing an update with respect to the expected timeline for filing its audited annual financial statements for the year ended May 31, 2022, the related management's discussion and analysis and certificates of its CEO and CFO and its previously announced management cease trade order issued by the Company's principal regulator, the British Columbia Securities Commission , on September 29, 2022 [...]
Margaret Lake Diamonds Inc. is pleased to announce the appointment of Quinn Field-Dyte to its Board of Directors, replacing Larry E. Timlick. Mr. Timlick will remain with the company as a Strategic Advisor to the Board and the position of Corporate Secretary will be assumed by Mr. Field-Dyte. Mr. Field Dyte holds the position of CFO & Director at Quantum Battery Metals Corp., Chief Financial Officer & Director at Vantex [...]
Margaret Lake Diamonds Inc. is pleased to announce the appointment of Andreas Schleich to its Board of Directors, replacing C. Geoffrey Hampson. Mr. Schleich comes with over 20 years of international experience as senior executive with both private and public companies. Over the course of his career, he has held several C-level management positions in multi-cultural and global environments in Germany, Denmark, Mexico and [...]
Margaret Lake Diamonds Inc. is providing an update with respect to the expected timeline for filing its audited annual financial statements for the year ended May 31, 2022, the related management's discussion and analysis and certificates of its CEO and CFO and its previously announced management cease trade order issued by the Company's principal regulator, the British Columbia Securities Commission , on September 29 [...]
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 [...]