In April 2006, Shear announced a significant land position in southern Saskatchewan for diamond exploration. The Stella Polaris Diamond Project is comprised of 235 mineral claims totaling approximately 741,000 acres located approximately 150km southwest of Regina, SK, along the border with the United States and is road accessible year round. Shear acquired the Property by staking based on private data acquired by Shear. The area was identified on the basis of high counts of coarse grained kimberlite indicator minerals (up to 1.74mm) including significant concentrations of pyrope and eclogitic garnets, chrome diopsides and oxides covering a large aerial extent of more than 100 km of unglaciated terrain.
A review of all existing information is currently being undertaken and further detailed sampling will commence in June 2006. A budget of $250,000 has been allocated for the initial program, including a limited drill program. Shear is partnered with LynCorp. International Ltd. Lyncorp has agreed to fund $250,000 in exploration expenditures or acquisition costs on the property within one year to earn an undivided 49% interest in the Property.
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