Gold for diamonds

Diamond Ventures NL, which has moved from its original aim of being a pure diamond player, has placed its hope in gold exploration and mining in the Kookynie area of WA.

Diamond Ventures chairman Ronald Hawkes said the company would enter a gold mining environment completely different from any other in the past twenty years.

The former managing director of Plutonic Resources Limited said: “We are enduring a time of dramatic decline in investor interest in gold exploration and mining.

“We have seen a continuation of institutional selling of gold inventory, a high level of volatility in gold prices and gold leasing rates, and a lack of financial advocacy for the exploration and development of gold mines.”