By paNOW Staff

Shore Gold releases feasibility study

Jul 14, 2011 | 10:39 AM

Shore Gold released its feasibility study on the Star-Orion South Kimberlites, in the Fort à la Corne project a little after noon today.

The long awaited document caused trading to be stopped pending it’s release, but Shore Gold trading has been resumed on the Toronto Stock exchange.

The study shows good news.

“The combined FS shows that the Star and Orion South Kimberlites can be economically developed as a world class diamond mine,” said George Read, senior vice-president exploration and development in a released.

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* Probable Mineral Reserves of 279 million diluted tonnes at a weighted average grade of 12.3 carats per hundred tonnes (“cpht”) containing 34.4 million carats at a weighted average price of US$242 per carat over the Life of Mine (“LOM”);

* Total diamond production of 34.4 million carats over a 20 year LOM;

* Robust project economics over a 20 year LOM due to proximity to infrastructure (electric power, paved highways, railroads, water and labour) in Saskatchewan

For the study: COMBINED STAR – ORION SOUTH FEASIBILITY STUDY

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