Stock Symbol: TSX:
DIAM
SASKATOON, April 15, 2019 /CNW/ - George H. Read, P. Geo., Senior Vice President
Exploration and Development of Star Diamond Corporation ("Star
Diamond" or the "Corporation") is pleased to announce that Rio
Tinto Exploration Canada Inc. ("RTEC") have completed an HQ core
drilling and sonic program, consisting of 3 core drill holes at
Star and 23 holes at Orion South (Table 1), and some 2,326.5 metres
of sonic overburden drilling from 3 holes at Star and 21 holes at
Orion South (Table 2). In total 3,976.52 metres of kimberlite were
intersected from 7,056.00 metres of core drilling. This core
drilling is required to accurately document the internal
stratigraphy of the Star and Orion South Kimberlites in preparation
for RTEC's bulk sampling with the Trench Cutter Sampling Rig. The
core drilling program was conducted by George Downing Estate
Drilling Ltd. of Grenville,
Quebec. RTEC geologists are responsible for the supervision
of the drilling program and subsequent core logging. Star Diamond geologists also conduct independent
logging of the core. In conjunction with this diamond drill
program, geotechnical investigations of the overburden are
currently being conducted, at the same locations as the core
drilling, by Boart Longyear Inc., utilizing a Sonic drill rig.
Detailed geotechnical logging of the core collected by the Sonic
rig is being completed by Clifton Associates Ltd.
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Table 1: Summary of Core Drilling
Kimberlite
|
Hole
ID
|
Total Hole
Depth (m)
|
Top of
Kimberlite (m)
|
Base of
Kimberlite (m)
|
Kimberlite
Intersection (m)*
|
Star
|
FALCG011
|
234
|
121.89
|
227.82
|
105.93
|
Star
|
FALCG012
|
239
|
117.91
|
237.81
|
110.19
|
Star
|
FALCG013
|
228
|
126.35
|
227.93
|
101.58
|
Orion
South
|
FALCOSG001
|
243
|
101.23
|
241.80
|
137.37
|
Orion
South
|
FALCOSG002
|
276
|
101.43
|
274.43
|
173.00
|
Orion
South
|
FALCOSG003
|
306
|
126.86
|
304.67
|
182.02
|
Orion
South
|
FALCOSG004
|
240
|
103.73
|
237.10
|
125.26
|
Orion
South
|
FALCOSG005
|
321
|
102.59
|
313.32
|
210.73
|
Orion
South
|
FALCOSG006
|
276
|
106.98
|
276.00
|
169.02
|
Orion
South
|
FALCOSG007
|
273
|
105.00
|
269.66
|
164.66
|
Orion
South
|
FALCOSG008
|
595
|
110.89
|
562.37
|
449.48
|
Orion
South
|
FALCOSG009
|
243
|
99.30
|
234.92
|
131.82
|
Orion
South
|
FALCOSG010
|
262
|
106.26
|
251.98
|
145.72
|
Orion
South
|
FALCOSG011
|
246
|
118.64
|
233.32
|
114.68
|
Orion
South
|
FALCOSG012
|
282
|
118.86
|
273.99
|
155.13
|
Orion
South
|
FALCOSG013
|
270
|
117.33
|
263.00
|
145.67
|
Orion
South
|
FALCOSG014
|
339
|
116.60
|
333.39
|
216.79
|
Orion
South
|
FALCOSG015
|
252
|
106.03
|
244.25
|
138.22
|
Orion
South
|
FALCOSG016
|
225
|
99.86
|
216.56
|
116.70
|
Orion
South
|
FALCOSG017
|
235
|
108.37
|
215.39
|
107.02
|
Orion
South
|
FALCOSG018
|
231
|
108.84
|
226.40
|
117.56
|
Orion
South
|
FALCOSG019
|
225
|
103.36
|
218.36
|
115.00
|
Orion
South
|
FALCOSG020
|
255
|
100.66
|
249.05
|
148.39
|
Orion
South
|
FALCOSG022
|
264
|
115.02
|
254.75
|
139.73
|
Orion
South
|
FALCOSG024
|
246
|
123.00
|
240.34
|
117.34
|
Orion
South
|
FALCOSG025
|
249
|
102.62
|
240.13
|
137.51
|
Totals
|
|
7,056
|
|
|
3,976.52
|
|
* Does not
include Kimberlitic Sediments
|
Table 2: Summary of Sonic Drilling
Kimberlite
|
Hole
ID
|
Total Hole
Depth (m)
|
Base of
Overburden (m)
|
Star
|
FALCS011
|
129.5
|
91.4
|
Star
|
FALCS012
|
123.4
|
88.4
|
Star
|
FALCS013
|
129.5
|
89.7
|
Orion
South
|
FALCOSS001
|
111.3
|
100.3
|
Orion
South
|
FALCOSS002
|
105.2
|
100.3
|
Orion
South
|
FALCOSS003
|
123.4
|
102.8
|
Orion
South
|
FALCOSS004
|
108.2
|
97.7
|
Orion
South
|
FALCOSS005
|
105.2
|
102.1
|
Orion
South
|
FALCOSS006
|
120.4
|
98.7
|
Orion
South
|
FALCOSS007
|
114.3
|
102.1
|
Orion
South
|
FALCOSS008
|
124.4
|
104.5
|
Orion
South
|
FALCOSS009
|
99.1
|
98.1
|
Orion
South
|
FALCOSS011
|
123.4
|
102.1
|
Orion
South
|
FALCOSS012
|
123.4
|
107.9
|
Orion
South
|
FALCOSS013
|
115.8
|
105.8
|
Orion
South
|
FALCOSS014
|
111.3
|
108.2
|
Orion
South
|
FALCOSS015
|
111.3
|
93.0
|
Orion
South
|
FALCOSS016
|
105.2
|
99.1
|
Orion
South
|
FALCOSS017
|
111.3
|
102.1
|
Orion
South
|
FALCOSS019
|
108.2
|
99.8
|
Orion
South
|
FALCOSS020
|
105.2
|
99.1
|
Orion
South
|
FALCOSS022
|
71.6
|
Unknown
|
Orion
South
|
FALCOSS024
|
123.4
|
104.3
|
Orion
South
|
FALCOSS025
|
105.2
|
101.6
|
Total
|
|
2,326.5
|
|
Senior Vice President Exploration and Development, George Read, states: "This core and geotechnical
drilling program is an important precursor to RTEC's bulk sampling
with the Trench Cutter Sampling Rig scheduled to commence once the
warmer weather arrives. The selected locations of these core holes
on the Star and Orion South Kimberlites will act as pilot holes for
the upcoming program. Core hole FALCOSG008 interescted one of the
feeder vents of the Orion South Kimberlite and drilled 449.48
metres of kimberlite before terminating at a total depth of 562.37
metres below surface in dolomite country rock. This deep
intersection of kimberlite is consistent with the Orion South
geological model prepared by Star
Diamond geologists."
Star Diamond Corporation is a Canadian based corporation engaged
in the acquisition, exploration and development of mineral
properties. Shares of the Corporation trade on the TSX
Exchange under the trading symbol "DIAM". The Corporation's
Fort à la Corne kimberlites (including the Star - Orion South
Diamond Project, or "Project") are located in central Saskatchewan in close proximity to established
infrastructure, including paved highways and the electrical power
grid, which provide significant advantages for future mine
development. Rio Tinto Exploration Canada Inc. ("RTEC") refers to
Star Diamond's mineral dispositions
in the Fort à la Corne diamond district as Project FalCon.
All technical information in this press release has
been prepared under the supervision of George Read,
Senior Vice-President of Exploration and
Development, a registered
Professional Geoscientist in
the Provinces of Saskatchewan and
British Columbia and Mark Shimell,
Project Manager, a registered
Professional Geoscientist in the Province of
Saskatchewan, who
are the Corporation's "Qualified
Persons" under the definition
of NI 43-101.
Caution Regarding Forward-Looking Statements
This news release contains forward-looking statements as defined
by certain securities laws, including the "safe harbour" provisions
of Canadian securities legislation and the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
information is often, but not always, identified by the use of
words such as "anticipate", "believe", "expect", "plan", "intend",
"forecast", "target", "project", "guidance", "may", "will",
"should", "could", "estimate", "predict" or similar words
suggesting future outcomes or language suggesting an outlook. In
particular, statements regarding the Corporation's future
operations, future exploration and development activities or other
development plans constitute forward-looking statements. By their
nature, statements referring to mineral reserves, mineral
resources, PEA or TFFE constitute forward-looking statements.
Forward-looking statements contained or implied in this press
release include, but are not limited to, RTEC's and the
Corporation's objectives for the ensuing year, including the
proposed bulk sampling program.
These forward-looking statements are based on the Corporation's
current beliefs as well as assumptions made by and information
currently available to it and involve inherent risks and
uncertainties, both general and specific.
Risks exist that forward-looking statements will not be achieved
due to a number of factors including, but not limited to,
developments in world diamond markets, changes in diamond prices,
risks relating to fluctuations in the Canadian dollar and other
currencies relative to the US dollar, changes in exploration,
development or mining plans due to exploration results and changing
budget priorities of the Corporation or its partners, the effects
of competition in the markets in which the Corporation operates,
the impact of changes in the laws and regulations regulating mining
exploration, development, closure, judicial or regulatory judgments
and legal proceedings, operational and infrastructure risks and the
additional risks described in the Corporation's most recently filed
Annual Information Form, annual and interim MD&A. The
Corporation's anticipation of and success in managing the foregoing
risks could cause actual results to differ materially from what is
anticipated in such forward-looking statements.
Although management considers the assumptions contained in
forward-looking statements to be reasonable based on information
currently available to it, those assumptions may prove to be
incorrect. When making decisions with respect to the Corporation,
investors and others should not place undue reliance on these
statements and should carefully consider the foregoing factors and
other uncertainties and potential events. Unless required by
applicable securities law, the Corporation does not undertake to
update any forward-looking statement that is made herein.
SOURCE Star Diamond Corporation