Star Diamond Corp. currently holds 100% of the Fort à la Corne mineral dispositions (including the Star-Orion South Diamond Project).
Star Diamond’s Fort à la Corne mineral dispositions are located in the Fort à la Corne provincial forest of central Saskatchewan, situated some 60 kilometres east of the city of Prince Albert, Saskatchewan, Canada. The Fort à la Corne provincial forest is an island forest, surrounded by agricultural land and urban development. Access to the Fort à la Corne area is provided by paved highways, a grid gravel road system and an extensive network of forestry roads, passable by four-wheel drive and high clearance two-wheel drive vehicles all year round. The vast extent of, and massive kimberlite volume contained in, the Fort à la Corne Field has been noted since the original discovery of these kimberlites in the late nineteen eighties.
In the past Star Diamond and other companies have completed extensive exploration on these Fort à la Corne kimberlites, including geophysical surveys, pattern core drilling, large diameter drilling and micro- and macrodiamond analyses, which resulted in the documentation of geological models for a number of these bodies.
Geological models have been prepared for five partially evaluated Fort à la Corne kimberlites as well as the Star and Orion South Kimberlites (see Star Diamond Corp. News Release dated March 6, 2014).
The aim of Rio Tinto Exploration Canada’s (“RTEC”) current Brownfields program is to reinvestigate these other kimberlites to assess and prioritise them for future exploration and evaluation work (see Star Diamond Corp. News Release dated October 25, 2018). While RTEC’s work under the Option Agreement1 between Star Diamond and RTEC involves the bulk sampling of the Star and Orion South kimberlites, the additional Brownfields exploration programs by RTEC aims to investigate and prioritise the Corporation’s other kimberlite bodies in the Fort à la Corne diamond district.
RTEC is using current exploration methods, in addition to in-house exploration methods to reinvestigate the other Fort à la Corne kimberlites to assess and prioritise them for future exploration and evaluation work. During the fourth quarter of 2018, approximately 5,350 line kilometres of magnetic field data and LiDAR (Light Detection and Ranging or Laser Altimeter Survey) data are being collected, concurrent with the airborne gravity gradiometry (“AGG”) survey data, to produce a complete set of gravity field, magnetic field and topographic data over the surveyed area.
1 Rio Tinto Exploration Canada has an option to earn up to a 60% interest in the Corporation’s Fort à la Corne mineral properties (including the Star - Orion South Diamond Project) on the terms and conditions contained in the Option Agreement (see News Release dated June 23, 2017). RTEC refers to Star Diamond’s mineral dispositions in the Fort à la Corne diamond district as Project FalCon.