Shore Gold continues to invest in diamond project
Feb 4, 2011 | 5:28 AM
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Shore Gold made another sizeable investment to ensure that Saskatchewan's first diamond mine is built.
The company approved a budget of $12.5 million dollars to keep its operations running at the Star-Orion South developments, near Prince Albert, and to finish a final feasibility study.
In a news release Thursday, the company said they anticipated having the study completed in the second quarter of 2011. Shore would then use its findings to make a production decision on the estimated $1.6 billion dollar project that would be located in the Fort a la Corne forest.
The earliest construction could begin on a mine is 2012, but that’s pending the results of the study and environmental approval from government.
