SASKATOON, SK, March 9, 2022 /CNW/ - Star Diamond Corporation ("Star Diamond") is pleased to announce an update on the Fort la Corne Joint Venture.
Fort la Corne Joint Venture ("FalCon Project")
Star Diamond is pleased to report that technical meetings concerning the FalCon Project took place on March 3 and 4, 2022 in Saskatoon, Saskatchewan, Canada. Star Diamond received in-person presentations from both Rio Tinto Exploration Canada Inc. ("RTEC") and Rio Tinto Plc personnel concerning data analysis and exploration activities that have been underway by RTEC over the last two years. In addition, online presentations were also conducted by Rio Tinto specialists located in Perth, Australia.
Topics of interest covered during these technical meetings included: 1) Star Kimberlite trench cutter bulk sampling program results, 2) Diamond size and quality analysis, 3) 'Orbit' project update, 4) Mineability study, 5) Geological model and resource update, 6) Community and stakeholder engagement, 7) Environmental and permitting and, 8) Green energy and carbon mineralization. In the coming weeks Star Diamond will be reviewing materials relating to these topic areas with RTEC as the Company collaborates on 2022 programs and budget to be approved by the Joint Venture Management Committee ("JVMC") for the period commencing May 31, 2022. As the Company analyzes the information presented at these technical meetings and materials relating to these topic areas, the Company may provide further details and/or results of these studies.
Ewan Mason, Chair of the Board of Star Diamond said: "George Read and I were impressed with the detail and depth of the technical evaluation that the Rio Tinto/RTEC technical team has been performing over the past two years. Once our technical team has had a chance to review the enormous amount of data delivered we will update our shareholders accordingly."