PURCHASE OF DIAMOND LANDS COMPLETE
Shore Gold Inc. is very pleased to announce that the purchase of the remaining 25% working interest in 11,520 acres of the Fort a la Corne diamond project from RIO Nevada Mines
Corporation is now complete. Consideration for the remaining interest includes 250,000 common shares of the Company and a 3% Net Profits Interest in favour of RIO. The purchase now
gives Shore a 100% working interest in over 31,000 acres of land in the Fort a la Corne area. The Phase I drill program on the property identified a substantial resource of diamond-bearing kimberlite and the Phase II drill program is now underway, including the extraction of a minibulk
sample for macrodiamond recovery. Shore Gold Inc. is a Saskatchewan-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on The Alberta Stock
Exchange. Symbol SGF.
Shares of the Company are trading at 1.80$ on the CDNX.
Shore Gold Inc. - Star Diamond Project - Bulk sample progress report
Thursday September 4, 6:26 pm ET
Stock Symbol: SGF: TSX Venture Exchange
SASKATOON, Sept. 4 /CNW/ - Kirsten Marcia, Exploration Manager, is pleased to report on the progress of the bulk sample program on the Company's Star Diamond Project, located in the Fort à la Corne area of central Saskatchewan.
The shaft has now been excavated and concrete lined down to approximately 66 metres (217 feet). Advancement has occurred as planned with drilling and blasting of 6-foot benches. When the shaft makes the transition from glacial till to shale at approximately 89 metres, where the first intersections of kimberlite occur, the extracted material will be separately stockpiled in a designated secure location.
The modular diamond recovery plant, designed and built by Bateman Engineering, arrived in Canada from South Africa on August 28th, and is currently being transported to site. Construction of the plant foundations is currently underway, with 60% of the forms completed. In total, fifteen separate concrete pads are being built. Assembly and commissioning of the plant will occur during September with initial kimberlite processing commencing shortly thereafter.
Perimeter fencing around the site will be constructed shortly. Once the DMS plant has been assembled on site, additional fencing will be constructed around the mill facility. Additional site security, including 24-hour security guards and camera surveillance, will be implemented during the assembly and commissioning of the diamond recovery plant.
This program is designed to recover a parcel of at least 3,000 carats of diamonds to enable an accurate valuation of the stones. The program involves the sinking of a 4.5 metre diameter vertical shaft and horizontal drifting in kimberlite to recover up to 25,000 tonnes of kimberlite, which will be processed on site.
Shore is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Venture Exchange under the trading symbol "SGF".
THE SAME PEACE OF LAND!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
THEY SOLD WHAT THEY HAD AND MADE HUGE PROFITS !!!!!!!!!!!!!!!
WE ARE GOING TO MAKE IT BIG
THE INFORMER
