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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 quack4uon Mar 24, 2004 4:57pm
331 Views
Post# 7260722

Questions for all you experts

Questions for all you expertsI am trying to understand the meaning of these parts of the Febraury 25th press release "Kimberlite is batch fed to the plant according to geological units" and "It is anticipated that several weeks will elapse between kimberlite batch feed to the plant and the reporting of diamond recoveries. The laboratory will retain all results until such time as the entire geological unit has been processed and the concentrate sorted. The laboratory will then release the information to Shore at which time the results will be disclosed." Does this not mean that we should have results several weeks after a batch has been fed to the plant? Should we not have the results of the firsts of these "batches" now? My reading is that there should be a series of reports coming in until all the samples are analyzed. This would give a series of buying opportunities as I had expected the first batches, the samples from the shaft, to be the least productive or even disappointing but the batches from the shaft to be much better. Am I reading the NR correctly?
Bullboard Posts