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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
Comment by TundraV8on Jul 12, 2004 11:19am
302 Views
Post# 7699295

Average grade to increase as we go.

Average grade to increase as we go.It is very clear that the grade average will increase with the next set of batches. We may not average over 1.0cpht on the next batch but if the grade stays constant and we get no surprises of stones over 6 carats we should see an average grade of about 9.17 cpht. This is if the dry tonnage is about 1600 tonnes from the lateral drift. On the fourth set of batches we should jump up to an average grade of about 10.25 cpht. Now who is to say we won’t find even bigger stones than 5.76 carats? We are now to see grade taken from across the kimberlite and only one or two batch from a horizontal hole. It is clear that we will have an averaged grade of over 2.0 cpht when all is done and we didn’t even process the reworked kimberlite at the upper level. This reworked kimberlite was missed due to shaft position. Then it’s all about value and that’s when this will get good.
Bullboard Posts