Star Diamond Revives Fort a la Corne Plan
November 09, 25
(IDEX Online) - Junior miner Star Diamond has secured funding to revive plans for a possible mining operation in the Canadian province of Saskatchewan.
Diamonds were first discovered, at the Fort a la Corne provincial forest, a remote area northeast of the city of Saskatoon, in 1989.
Plans to develop the site have repeatedly stalled, notably in 2019 when a partnership with Rio Tinto collapsed.
But Star Diamond has now attracted CAD 4m (USD 2.8m) from the Calgary-based exploration company Spirit Resources Inc. to update an historic feasibility study and, it hopes, to bring in long-term investment.
Mark Shimell, Star Diamond's vice-president of exploration, told the Saskatoon Star Phoenix newspaper that results of an assessment carried out in 2024 were more favorable than those of 2018.
In indicates an increase of approximately 37 per cent in the mineral resource estimate, he said - 36.9 million carats at one of several Fort a la Corne sites.
Star Diamond (known as Shore Gold until 2018) shifted focus to Fort a la Corne diamond exploration in the mid-1990s and has since conducted extensive exploration, mining infrastructure development, and bulk sampling at the site.
File pic shows earlier exploration at the Project Falcon site in the Fort a la Corne forest.