Star Diamond Corp T.DIAM

Alternate Symbol(s): SHGDF

Metals & Mining Industrial Metals & Minerals

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).

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Star Diamond Corp

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Post by bbdiamondson Jun 19, 2013 1:54pm

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Post# 21543290

SGF has only one option

Unfortunately, SGF has only one option:

This company has to go into care mode. They simply do not have the money required to wait out the (at the very least 8 - 15 months) time required to get through all the government agencies and regulatory approvals.

A major has to become a committed partner. This could happen at any government approval stage, but SGF has to CONSERVE CASH.....they simply can't make it another year, without grave consequences.

I'm not banking on the partner, as the costs of the build, have apparently gone WAY UP. Hence, the comments of a new drill program to get more "indicated".....

Sadly, SGF simply can't afford it.

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