SHORE GOLD INC .
Canadian exploration and development company Shore Gold Inc . is closing in on the advanced stages before development of its multi-billion dollar Star-Orion South Diamond Project , located in the Fort á la Corne Forest of Saskatchewan . The project , which has gone through rigorous testing , sampling and environmental review , has shown tremendous potential since it was first discovered in the late 1980s , and is expected to become the first diamond mine in the province .
DIAMONDS IN SASKATCHEWAN The world-class diamond mining project will be comprised of two open pit mines that would excavate some 45,000 tons of rock per day for more than 20 years . According to Senior Vice President of Exploration and Development , George Read , the project has uncommon appeal for a variety of reasons . The economics of a diamond mine are dependent not only on tonnes and grade of the kimberlite ore but also on the average price of the diamonds . The average diamond
Star - Orion South Diamond Project
price is unique for each diamond mine . In 2014 the world average rough diamond price was US $ 116 per carat , the Canadian average was US $ 173 per carat and the Star - Orion South Diamond Project had an average price of US $ 210 per carat .
“ While Star and Orion South
52 March 2016