The mineral dispositions are located in the Fort à la Corne provincial forest of central Saskatchewan, near the highway and power lines, some 60 km east of the city of Prince Albert.
Indicated mineral resources on Star have increased 22% to 34.8 million carats and the grade has increased 20% to 19.4 cpht (carats per hundred tonnes). Indicated mineral resources on Orion South have increased 37% to 36.9 million carats, with a 32% increase in grade to 17.9 cpht.
Star Diamond said it has determined that no additional bulk sampling is required on the Orion South kimberlite for the estimation of the mineral resources, which results in the savings of tens of millions of dollars in exploration expenditures and speeds the completion of the pre-feasibility study (PFS).
“Our technical team and outside consultants have been working hard for the last year and a half to arrive at this incredible outcome,” Star Diamond CEO Ewan Mason
