Star Diamond Says Bulk Sampling Facility In Works For Saskatchewan Diamond Project

Star Diamond Corporation

Saskatchewan Diamond Exploration

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Star Diamond Says Bulk Sampling Facility In Works For Saskatchewan Diamond Project

posted on May 15, 2018 04:51PM

2018-05-15 03:16:57 PM ET (MT Newswires)

03:16 PM EDT, 05/15/2018 (MT Newswires) -- Star Diamond (DIAM.TO) said Tuesday Rio Tinto's (RIO) Canadian unit and Consulmet have finalized arrangements for a bulk sampling facility at Star Diamond's Star-Orion South diamond project in Saskatchewan.

The bulk sampling facility will be built by Consulmet in South Africa in modular units for container shipment and will use x-ray sorting technology to protect large diamonds, technology that Star intends to use in its final plant at the site.

The company did not say when the plant would be installed on site. Rio Tinto Exploration Canada has an option to acquire up to 60% of the planned mine.

Star Diamond shares were last seen unchanged at $0.195 on the Toronto Stock Exchange. The shares have traded between $0.15 and $0.44 over the past 12 months.