Lac de Gras Lac de Gras Lac de Gras is a lake approximately north east of Yellowknife, in the Northwest Territories of Canada. Lac de Gras was the centre of the diamond rush of the 1990s. There are two working, and one closed, diamond mines in the area, Diavik Diamond Mine, Ekati Diamond Mine, and the care and maintenance Snap Lake Diamond Mine. It was called Ekati by aboriginal peoples. The lake is ultraoligotrophic but supports a slow-growing but stable population of some eight species of cold-water fishes, including round whitefish, cisco, and lake trout. Lake trout dominate the lake, both numerically and
Kelsey Lake Diamond Mine settled the lawsuit but in September 1997 Redaurum decided to liquidate its diamond properties to concentrate on exploration. The mine was operated sporadically until the operation was acquired by McKenzie Bay International Ltd. in 2000. McKenzie bought the mine management firm Diamond Co. from Chapter 11 bankruptcy, transferred all its assets to a subsidiary, Great Western Diamond Co., and invested $2 million in new equipment for the mine. In 2001, McKenzie tried to sell the mine to focus on mining vanadium after the price of that metal rose dramatically. However, due to a dispute with the landowner over royalty payments,