Fri Jan 2
2009 |
Shear Minerals Ltd. Closes Additional $500,000 Private Placement
EDMONTON, Alberta - Shear Minerals Ltd. ("Shear") (SRM:TSXV) announced that on December 31, 2008 it closed on the sale of an additional 7,142,857 units of Shear ("Units") pursuant to its previously announced non-brokered private placement. The Units were sold at a price of $0.07 per Unit for aggregate gross proceeds of $500,000. Each Unit consisted of one common share of Shear ("Common Share") issued as a "flow-through" share pursuant to the Income Tax Act (Canada) and one-half of a no... (4 KB) | | more... |
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Fri Dec 19
2008 |
Shear Minerals Ltd. Closes $1.18 Million Private Placement
EDMONTON, Alberta - Shear Minerals Ltd. ("Shear") (SRM:TSXV) today announced that it has closed a non-brokered private placement of 770,000 units ("Units") at a price of $0.07 per Unit and 16,205,000 flow-through Units of Shear ("FT Units") at a price of $0.07 per FT Unit for aggregate gross proceeds of $1,188,250. Each Unit consisted of one common share of Shear ("Commo... (5 KB) | | more... |
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Thu Dec 11
2008 |
Shear Minerals Ltd. Announces Private Placement Offering
EDMONTON, Alberta - Shear Minerals Ltd. (SRM:TSXV) ("Shear") today announced that it will be offering on a non-brokered private placement basis (the "Offering"): (a) units ("Units") at a price of $0.07 per Unit; and (b) flow-through units of Shear ("FT Units") at a price of $0.07 per FT Unit, for aggregate gross proceeds of up to $1,500,000. Each Unit will consist of one co... (4 KB) | | more... |
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Fri Nov 28
2008 |
Shear Reports High Diamond Counts From Two Kimberlites Discovered At Churchill In 2008
Shear Minerals Ltd. (SRM:TSXV) today announced caustic fusion results from the Killiq and Kahuna Breccia kimberlites that were discovered in 2008 at the Churchill Diamond Project in Nunavut, a joint venture between Shear and Stornoway Diamond Corporation. At the Kahuna Breccia, a total of 54 diamonds, including three macro diamonds (>0.5mm in two dimensions) were recovered from a 2.95 kg core sample of kimberlite stringers collected from one drill hole that tested the breccia. From the Killiq... (9 KB) | | more... |
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Wed Sep 24
2008 |
Shear discovers nine new kimberlites at the Churchill Diamond Project Notch Kimberlite Mini-Bulk Sample Completed
Shear Minerals Ltd. (SRM:TSXV) and Stornoway Diamond Corporation (SWY:TSX) today announced that a total of nine new kimberlites were discovered from prospecting and drilling in 2008 at the Churchill Diamond Project, Nunavut. Based on visual interpretation, two of these new kimberlites, referred to as the Killiq and Kahuna Breccia respectively, are interpreted to be similar in type to kimberlites on the property that have returned high diamond grades.
In 2008 the joint venture has:
... (9 KB) | | more... |
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Mon Sep 15
2008 |
Shear Announces New Killiq Kimberlite at Churchill Diamond Project, Nunavut
Shear Minerals Ltd. (SRM:TSXV)("Shear") and Stornoway Diamond Corporation (SWY:TSX) today announce the discovery of the Killiq Kimberlite at the Churchill Diamond Project, Nunavut.
The Killiq Kimberlite was discovered during reverse circulation ("rc") drilling within the Sedna Corridor in an area of high interest mineral compositions. Based on geophysical data, the Killiq kimberlite is characterized by a weak magnetic high signature that is interpreted to be a 1.1 km long north-south trendin... (5 KB) | | more... |
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Fri Aug 15
2008 |
Shear Minerals Ltd. Closes $1.14 Million Private Placement
EDMONTON, Alberta - Shear Minerals Ltd. ("Shear") (SRM:TSXV) today announced that it closed a non-brokered private placement of 604,000 units ("Units") at a price of $0.25 per Unit and 3,962,000 flow-through common shares of Shear ("FT Shares") at a price of $0.25 per FT Share for aggregate gross proceeds of $1,141,500. Each Unit consisted of one common share of Shear ("Common Share") and one-half of a non-transferable share purchase warrant ("Warrant"). Each whole Warrant entitles the ... (5 KB) | | more... |
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Mon Jul 21
2008 |
Shear Minerals Ltd. Announces Private Placement Offering
EDMONTON, Alberta - Shear Minerals Ltd. (SRM:TSXV) ("Shear") today announced that it will be offering on a non-brokered private placement basis (the "Offering"): (a) units ("Units") at a price of $0.30 per Unit; and (b) flow-through common shares of Shear ("FT Shares") at a price of $0.30 per FT Share, for aggregate gross proceeds of $1,000,000. Each Unit will consist of one common share of Shear ("Common Share") and one-half of a non-transferable share purchase warrant ("Warrant"). Ea... (5 KB) | | more... |
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Thu Jul 17
2008 |
Shear Minerals Ltd. Announces Road Accessible Drill Ready Targets at Crystal Diamond Project, Michigan
EDMONTON, Alberta - Shear Minerals Ltd. (SRM:TSXV) ("Shear") is pleased to announce results from several field programs at its 100% owned Crystal Diamond Project, Michigan, USA. Shear has been exploring the Michigan Kimberlite Province since 2004 and has successfully acquired an initial land position based on till sampling and ground exploration results.
"The Crystal Diamond Project is an exciting new opportunity for Shear in a road accessible low cost exploration prospect," says Shea... (6 KB) | | more... |
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Mon Jul 7
2008 |
Shear Minerals Ltd. Announces Earn into Alberta Potash Permits
EDMONTON, Alberta - Shear Minerals Ltd. (SRM: TSXV) ("Shear") today announced that it has signed an option with Grizzly Diamonds Ltd (GZD: TSXV) ("Grizzly") to acquire a land position in east central Alberta for potash. The Rattlesnake North Property (the "Property") totals 50,000 acres located 200 km southeast of Edmonton, Alberta along the Saskatchewan border and is road accessible year round.
Previous exploration for potash in this region of Alberta was completed in the 1940-1950... (6 KB) | | more... |
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Wed Jul 2
2008 |
Shear announces 2008 program underway at the Churchill Diamond Project
Shear Minerals Ltd. (SRM:TSXV) and Stornoway Diamond Corporation (SWY:TSX) today announce that the joint venture has approved up to a $3.8 million exploration program for 2008 and mobilization of a 30-person field camp located at Josephine Lake is now complete.
"The goal for 2008 is to prove up the existing kimberlites as well as to explore for new kimberlites with large tonnage potential that may occur as either pipes, blows along dykes or where the dykes widen substantially." Said Pamela S... (43 KB) | | more... |
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Thu Jun 26
2008 |
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Wed May 14
2008 |
Shear Announces Completion of Spring Afridi Lake Exploration Drill Program
Shear Minerals Ltd. (TSXV:SRM) , International Samuel Exploration Corp. (TSXV:SAZ), New World Resource Corp. (TSXV:NW), and Mantle Resources Inc.(TSXV:MTS) today announced results from the spring 2008 exploration program at the Afridi Lake Diamond Project ("the Afridi Project"), Northwest Territories. A total of 12 drill holes (1,741 m) were completed that tested 12 priority geophysical targets including the DA1 and DA2 diamondiferous kimberlite pipes.
Three holes were completed to tes... (6 KB) | | more... |
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Thu Apr 24
2008 |
Shear Minerals Ltd. Announces Grant of Options
EDMONTON, Alberta - Shear Minerals Ltd. (SRM: TSXV) ("Shear") today announced, subject to regulatory approval, that the Board of Directors has granted stock options pursuant to Shear's incentive stock option plan to certain directors, officers, employees and consultants to acquire an aggregate of 2,920,000 common shares of Shear ("Common Shares"), of which stock options to acquire an aggregate of 2,100,000 Common Shares were granted to directors and officers. The stock options granted to... (2 KB) | | more... |
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Wed Mar 26
2008 |
Shear Announces 2008 Afridi Lake Drill Program
Shear Minerals Ltd. (TSXV:SRM), International Samuel Exploration Corp. (TSXV:SAZ), New World Resource Corp. (TSXV:NW), and Mantle Resources Inc. (TSXV:MTS) today announced the commencement of the 2008 exploration program at the Afridi Lake Diamond Project ("the Afridi Project"), Northwes... (5 KB) | | more... |
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Wed Feb 20
2008 |
Shear Reports Additional Diamonds from Kahuna
Shear Minerals Ltd. (SRM:TSXV) and Stornoway Diamond Corporation (SWY:TSX) today announced additional macro and micro diamond recoveries from the 2007 drilling of the Kahuna Kimberlite dyke at the Churchill Diamond project in Nunavut.
In 2007 at Kahuna, 30 drill-holes from 18 set-ups totaling 2,333m were drilled along a 4.5km strike length of the kimberlite dyke to provide... (75 KB) | | more... |
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Thu Jan 31
2008 |
Shear Reports High Diamond Counts from Four Kimberlites Discovered at Churchill in 2007
Shear Minerals Ltd. (SRM:TSXV) and Stornoway Diamond Corporation (SWY:TSX) today announced additional caustic fusion results from four new kimberlite discoveries at the Churchill Diamond project in Nunavut. The kimberlite dykes identified from drilling in 2007 have returned significant micro and macrodiamond counts ranging from 29 to 138 diamonds per kilogram of kimberlite an... (83 KB) | | more... |
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