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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

Comment by Nexus2020on Jan 13, 2021 2:07pm
279 Views
Post# 32286383

RE:RE:10th sample. Cash call in 90 days?

RE:RE:10th sample. Cash call in 90 days?No, the clock on the 120 day mgmt mtg of the partners time fuse has NOT started yet. The sample results thus far are only the individual, "initial" results. Re-read the Star DIAM NR (12 Jan): " Until all required work is completed, including critically important comprehensive diamond breakage studies, complete sample processing and the necessary audits of the work, the processing, diamond recovery and reporting of all diamond results on these ten bulk sample trenches is not complete. Once all required work is complete, asummary of the diamond results from the ten trenches will be reported. As previously disclosed byStar Diamond, Rio Tinto Canada has provided a binding undertaking (the "Undertaking"), which was relied upon by the Court of Queen's Bench forSaskatchewan(Judicial Centre ofSaskatoon) (the "Court") in itsAugust 10, 2020decision involving the ongoing litigation betweenStar Diamondand Rio Tinto Canada. Pursuant to the Undertaking, Rio Tinto Canada has agreed that it will not call and/or conduct any meeting of the management committee under the joint venture agreement betweenStar Diamondand Rio Tinto Canada for a period of 120 days following Rio Tinto Canada completing the processing, diamond recovery and reporting of all diamond results on the samples previously taken from the ten bulk sample trenches excavated by Rio Tinto Canada in 2019. Star Diamondwill vigorously resist any attempt by Rio Tinto Canada to resile from its obligations pursuant to the Undertaking. "
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