TSX: DIAM
SASKATOON, SK, July 31,
2023 /CNW/ - Star Diamond Corporation (TSX: DIAM)
("Star Diamond" or the "Company") is pleased to announce the
following management appointments, effective August 1, 2023:
George Read has been appointed
Senior Vice President Corporate Development. In this role George
will be responsible for the furtherance of the Company's interests
in the Fort à la Corne and Buffalo Hills projects in Saskatchewan and Alberta, respectively. In addition,
George will also assume responsibility for all incoming corporate
development opportunities. George recently provided
consulting services to the Company in the role of Senior Technical
Advisor on a part-time basis. Mr. Read has
over 39 years of experience in the diamond industry including a
stint as Senior Vice President Exploration and Development at Star
Diamond from October 2003 to
September 2020. Ewan Mason,
Chairman and Interim CEO said "We are excited to have George back
in the fold as we prepare to move forward with two extremely
interesting, advanced stage diamond projects."
Mark Shimell has been appointed
Vice President Exploration. In this role Mark will be
responsible for coordinating all technical work as it pertains to
the evolution of the Fort à la Corne and Buffalo Hills
projects. Mark has worked with Star Diamond since 2000,
initially as a geological consultant and later in the role of
Project Manager for the Fort à la Corne and Buffalo Hills
properties. Mark has worked as a geologist in mineral exploration
and evaluation, both internationally and in Canada, for over 27 years.
Brian Desgagnes has been
appointed Operations Manager for the Fort à la Corne Properties and
was first employed by Star Diamond in 2005 on the Fort à la Corne
and Buffalo Hills projects, in roles of ever-increasing
responsibilities.
Mr. Mason said "We are pleased to offer both
Mark and Brian increased responsibilities as we move forward with
work on our diamond projects. They are both long-term, highly
valued employees and we look forward to them tackling aspects of
these two world class projects".
About Star Diamond
Corporation
Star Diamond is a Canadian-based corporation engaged in the
acquisition, exploration and development of mineral properties.
Shares of Star Diamond trade on the Toronto Stock Exchange under
the trading symbol "DIAM". Star Diamond's most
significant asset is its interest in the Fort à la Corne property
in central Saskatchewan. These kimberlites are located in
close proximity to established infrastructure, including paved
highways and the electrical power grid, which provide significant
advantages for future mine development. The Company also holds a
50% interest in the exploration and evaluation properties and
assets of the Buffalo Hills-JV located in north-central
Alberta, Canada. Canterra Minerals
Corporation ("Canterra") holds the remaining 50% interest. Canterra
is the operator of the Buffalo Hills-JV.
Website www.stardiamondcorp.com
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Caution Regarding
Forward-looking Statements
This press release contains "forward-looking statements" and/or
"forward-looking information" (collectively, "forward-looking
statements") within the meaning of applicable securities
legislation. All statements, other than statements of historical
fact, are forward-looking statements.
These forward-looking statements are based on Star Diamond's
current beliefs as well as assumptions made by and information
currently available to Star Diamond and involve inherent risks and
uncertainties, both general and specific. Risks exist that
forward-looking statements will not be achieved due to a number of
factors including, but not limited to, the Company's ability to
continue as a going concern, changes in exploration, development or
mining plans due to exploration results and changing budget
priorities of Star Diamond, developments in world diamond markets,
changes in diamond prices, risks relating to fluctuations in the
Canadian dollar and other currencies relative to the US dollar, the
impact of changes in the laws and regulations regulating mining
exploration, development, closure, judicial or regulatory judgments
and legal proceedings, operational and infrastructure risks and the
additional risks described in Star Diamond's most recently filed
Annual Information Form, annual and interim MDA.
SOURCE Star Diamond Corporation