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Star Diamond Corp T.DIAM

Alternate Symbol(s):  SHGDF

Star Diamond Corporation is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. Its primary asset is its 100% interest in the Fort a la Corne property, which is located in central Saskatchewan. Its Fort a La Corne Diamond Project includes Star and Orion South Kimberlites. These kimberlites are in close proximity to established infrastructure, including paved highways and the electrical power grid. The Star-Orion South Diamond Project is located within the Fort a la Corne diamond district of central Saskatchewan, Canada. These Fort a la Corne mineral dispositions are located in the Fort a la Corne Provincial Forest, approximately 60 kilometers (km) east of Prince Albert, Saskatchewan. It also holds a 100% interest in the Buffalo Hills Diamond Project, located approximately 400 kilometers northwest of Edmonton, Alberta, Canada. The property covers a total of 21 mineral leases covering an area of approximately 4,800 hectares (ha).


TSX:DIAM - Post by User

Bullboard Posts
Post by northern-ehon Apr 11, 2007 12:46pm
494 Views
Post# 12586663

Why not build a mine now?

Why not build a mine now?It looks to me as if SGF does not want to mine this deposit. Otherwise, why would they not have begun construction on a mine already? With the proven resource at Star and the various other kimberlite deposits nearby, why not begin with a relatively small mining operation and start generating some profits? It seems as if they are doddling along waiting for someone to take them over. More than enough testing has already taken place, and there may be no need to know the details of outlying deposits such as Orion North to go into production. In the right hands, this could prove to be an incredibly fine diamond mine. JMHO.
Bullboard Posts