Star-Orion South Diamond Project core and geotechnical drilling scheduled to commence mid-October
Friday, Oct 13, 2017
George H. Read, P. Geo., Senior Vice President Exploration and Development of Shore Gold Inc. ("Shore" or the "Company") is pleased to announce that Shore and Rio Tinto Exploration Canada Inc. ("RTEC") have scheduled an HQ core drilling program, consisting of ten holes and some 2,500 metres of drilling, on the Star Kimberlite, to commence in mid-October 2017. This core drilling is required to accurately document the internal stratigraphy of the Star Kimberlite prior to a proposed large diameter drilling ("LDD") mini-bulk sampling program, which is expected to commence in 2018. The core drilling program is being conducted by George Downing Estate Drilling Ltd. of Grenville, Quebec. Shore and RTEC geologists are responsible for the supervision of the drilling program and subsequent detailed core logging. In conjuction with this diamond drill program geotechnical investigations on the overburden are being conducted by Paddock Drilling of Brandon, Manitoba and ConeTech of Richmond, B.C. The ten hole locations that have recently been selected are in close proximity (10 to 15 metres) to the underground bulk samples and past 48 inch LDD holes and include areas of significant intersections (80 – 110 metres) of the Early Joli Fou ("EJF") Kimberlite, the principal economic unit the Indicated Resources previously estimated by Shore for the Star Kimberlite in December 2015.

Senior Vice President Exploration and Development, George Read, states: "This core and geotechnical drilling program is an important precursor to a proposed LDD mini-bulk sampling program scheduled to commence in 2018. The selected locations of these core holes will act as pilot holes for the upcoming program."

The Star-Orion South Diamond Project (the "Project") is located in central Saskatchewan some 60 kilometres east of the city of Prince Albert. The Project is in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development. The Technical Report on the Revised Resource Estimate for the Project dated November 9, 2015 provided an updated Mineral Resource Estimate for the Star and Orion South kimberlite deposits: Indicated Mineral Resources of 393 million tonnes containing 55.4 million carats of diamonds at a weighted average price of US$210 per carat. In addition to the Indicated Mineral Resource Estimate, the Star and Orion South Kimberlites include Inferred Resources containing 11.5 million carats. Accordingly, the mineral reserves and economic assessment previously disclosed by Shore for the Project should no longer be relied upon. Shore has granted RTEC an option to earn up to a 60% interest in the Fort à la Corne mineral properties (including the Project) on the terms and conditions contained in the Option Agreement (see SGF News Release dated June 23, 2017). Completion of the proposed 2018 sampling program (First Option) does not entitle RTEC to an interest in the Fort à la Corne mineral properties (including the Project).

For more information, please visit: http://www.shoregold.com/

Featured Profile

Featured Videos

Featured Case Studies