Business Chief US+CAN Magazine March 2016 | Page 55

MINING
Drill pipes at Orion South
FORT Á LA CORNE Shore Gold commenced its diamond exploration activities in the Fort á la Corne Forest in 1996 with the discovery of the Star Kimberlite on claims that are held 100 percent by Shore Gold . After initial exploration of Star with core and limited large diameter drilling ( LDD ), Shore Gold elected to sink a shaft in order to collect an underground bulk sample for diamond valuation purposes . In February 2005 , the publication of the initial results of a 3,050 carats from the underground bulk sample at US135 drew significant attention to the project . Shortly after this diamond price announcement , Newmont Mining participated in a major financing round and acquired a 9.9 percent equity position in
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