TSX: DIAM
SASKATOON, SK, Oct. 31,
2023 /CNW/ - Star Diamond Corporation ("Star Diamond"
or the "Company") is pleased to announce the name of the winning
diamond brand from over 1,000 names submitted in the "Name our
Diamonds" contest, which was launched on October 11, 2023.
The winning brand name Kīwētin, which is pronounced as
"kee-way-tin", is derived from the Cree Nation language and
translates into "north wind". This name is highly symbolic of
the Fort à la Corne project area and the surrounding First Nations
lands located in Northern
Saskatchewan, where the climate is often characterized by
strong winds from the north. The trademark application for Kīwētin
Diamonds has been completed.
Ewan Mason, Interim President and
CEO of Star Diamond said, "We are
excited about the further potential of the Fort à la Corne project
and now that we have our own diamond brand, Kīwētin, we are
confident that this diamond brand will be seen globally as the
hallmark for high purity, conflict free, Canadian Diamonds."
We would like to express our gratitude to everyone who
participated in our naming contest and to Amy P., (formerly of
Saskatoon) for her winning
submission. Mr. Mason said, "The next year will be very busy
while we advance this massive project for the benefit of our
shareholders and bring economic benefits to all people of the
Province of Saskatchewan."
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. Forward-looking
information is often, but not always, identified by the use of
words such as "anticipate", "believe", "expect", "plan", "intend",
"forecast", "target", "project", "guidance", "may", "will",
"should", "could", "estimate", "predict" or similar words
suggesting future outcomes or language suggesting an outlook. In
particular, statements regarding the Company's future operations,
future exploration and development activities or other development
plans constitute forward-looking statements.
These forward-looking statements are based on the Company's
current beliefs as well as assumptions made by and information
currently available to it 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, developments in world
diamond markets, changes in diamond valuations, risks relating to
fluctuations in the Canadian dollar and other currencies relative
to the US dollar, changes in exploration, development or mining
plans due to exploration results and changing budget priorities of
the Company, the effects of competition in the markets in which the
Company operates, risks related to the Company's need for
additional financing and the Company's ability to raise that
financing, the impact of changes in the laws and regulations
regulating mining exploration and development, judicial or
regulatory judgments and legal proceedings, operational and
infrastructure risks and the additional risks described in the
Company's most recently filed Annual Information Form, annual and
interim MD&A, news releases and technical reports. The
Company's anticipation of and success in managing the foregoing
risks could cause actual results to differ materially from what is
anticipated in such forward-looking statements.
Although the Company considers the assumptions contained in
forward-looking statements to be reasonable based on information
currently available to it, those assumptions may prove to be
incorrect. When making decisions with respect to the Company,
investors and others should not place undue reliance on these
statements and should carefully consider the foregoing factors and
other uncertainties and potential events. Unless required by
applicable securities laws, the Company does not undertake to
update any forward-looking statement that is made herein.
SOURCE Star Diamond Corporation