SASKATOON – Star Diamond Corporation is the new name for Shore Gold. The change has been made to honour the Star kimberlite located near Fort a la Crone.
Star Diamond has completed the exploration and evaluation of the Star kimberlite, saying that the contained diamond populations are of significant quality, size and value. The Star kimberlite is part of the company’s Star-Orion South diamond project. Last year Rio Tinto was granted an option to earn up to a 60% interest in the project.
The Star-Orion South kimberlites have an indicated resource of 393 million tonnes containing 55.4 million carats of diamonds at an average price of US$210 per carat. There is also an inferred resource of 11.5 million carats.
Star Diamond reminds shareholders that the name change does not affect their rights. Shares of Shore Gold will not need to be surrendered or exchanged unless a transfer is being requested.
Visit the new website at www.StarDiamondCorp.com.