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Darnley Bay Completes Property Payment to the Inuvialuit Regional Corporation

Darnley Bay Completes Property Payment to the Inuvialuit Regional Corporation | NWT News | Scoop.it

TORONTO, ONTARIO--(Marketwired - April 10, 2013) - Darnley Bay Resources Limited (TSX VENTURE:DBL) (the "Company" or "Darnley Bay") has made a payment of $440,896, comprised of expenses, administrative fees and interest owing with respect to a previous drill program, to the Inuvialuit Regional Corporation. The payment brings the mineral concession agreement entered into between Darnley Bay and Inuvialuit Regional Corporation in 2009 into good standing. The final payment represents part of more than $3.8 million paid to the Inuvialuit Regional Corporation since 1995. Management intends, subject to financing, to initiate a drill program on the gravity anomaly on the property in 2013.

 

 

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The Darnley Bay property hosts North America's strongest isolated gravity anomaly, which has been favourably compared by the Geological Survey of Canada to other prominent gravity anomalies such as those at the prolific mining camps of Noril'sk in Russia and Sudbury basin in Ontario. It is located near Paulatuk, Northwest Territories, on the Arctic coast. The Darnley Bay anomaly is larger and stronger than any of these comparatives by a wide margin, measuring 100 kilometres long north to south and about 80 kilometres wide. The GSC discovered the anomaly in 1969, and its source has never been explained. The company has 100-per-cent control of its exploration and potential development subject to certain back-in and other rights of Inuvialuit Regional, which holds the land on which it occurs.

 

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Ice crystal halo seen from Canada’s Northwest Territories hamlet of Paulatuk | EarthSky.org

Ice crystal halo seen from Canada’s Northwest Territories hamlet of  Paulatuk | EarthSky.org | NWT News | Scoop.it

The main ring around the sun is called a 22-degree halo. The bright points of light on either side of the sun are called sundogs.... 

Kendra Knaggs captured this beautiful photo of what is called an ice crystal halo on February 6. These halos happen when there are ice crystals in Earth’s atmosphere, which both refract and reflect sunlight to create a ring of light around the sun (or moon). You can see halos when the sun or moon are high in the sky. But Kendra captured this image when the wintertime Arctic sun loomed low on the horizon. She said: "I wanted to share a photo I took today, February 6, of a beautiful sundog we had for a few hours. Paulatuk is a community on the Arctic Ocean in the very north of Canada and extreme cold temperatures often give us very beautiful skies both night and day.'

Very beautiful indeed.

 

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