Journal of Commerce: Prince Albert, Saskatchewan diamond mine may go ahead

MINING.com Editor | July 25, 2011 | 8:56 pm Precious Metals Canada Europe Diamond Gold

Shore Gold Inc. could be one step closer to opening Canada’s next diamond mine, according to a story published in the Journal of Commerce.

The newspaper says Shore Gold’s recently released feasibility study for the Star-Orion South Project, located near Prince Albert, Sask., shows that the dimaond deposit is large enough to support a mine:

The project consists of the Star Diamond Project and the Orion South Project, which includes the excavation of an open pit at the Star Kimberlite and potentially, a second open pit at the Orion South Kimberlite.

According to the company, the feasibility study said the Star-Orion South project has a net present value of US$2.1 billion and is economically able to support the construction and operation of a mine.

JOC says construction of the Star-Orion project is scheduled to start in the third quarter of 2012, while full-scale ore production will start in early 2017.