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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 explmanon Jul 06, 2022 3:42pm
297 Views
Post# 34806183

RE:RE:RE:RE:RE:RE:RE:RE:Between the Lines

RE:RE:RE:RE:RE:RE:RE:RE:Between the LinesIf you throw enough money at the problem you will be able to overcome the Sak River issue. It is simply a matter of either pumping the pit out, or putting a "freezing curtain" around the pit to stop the water coming. Both of these are VERY EXPENSIVE, and thus the impact of the River on the economics. 101 stuff here. And RT exercised all 4 options, which if you rememeber were tied to spend, not delivery of outcomes, after they spent the money on using the verticle mining technology to get the bulk samples. So they "exercised" all the options simply by szpending the money to a) test the verticle mining technology and b) seeing if the "George Grade Multiplier" was in fact accurate. 
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