TSX: DIAM
SASKATOON, SK, Feb. 13,
2024 /CNW/ - Star Diamond Corporation (TSX: DIAM)
("Star Diamond" or the "Company") is pleased to announce that Mr.
Nelson Karun has joined the
technical team as a Diamond Specialist. Mr. Karun will be
responsible for providing the Company with detailed diamond sorting
and valuation information. Since 2021, Mr. Karun has provided
diamond sorting services to the Company as a consultant.
Mr. Karun has extensive diamond industry experience, having
commenced with Dominion Diamond Corporation in 2002, and over a
period of 18 years rose to the position of Director, Diamond Sorting and Valuation. In the latter
part of his time at Dominion Diamond, he was responsible for
controlling annual production of some ten million carats of
exclusive diamonds, worth some US$1
billion, through sorting and grading. In addition to
in-house sorting and valuation responsibilities, he participated in
the appraisal of various exploration diamond parcels for
feasibility assessments for future production. More recently, in
2021 he provided diamond sorting and valuation services to the
Saskatchewan Research Council and in 2022 and 2023 he worked for
Stornoway diamonds on the Renard
Diamond Mine in Quebec.
"We are very pleased to welcome Nelson aboard as our new Diamond
Specialist", comments Ewan Mason,
interim CEO and Chair of the board. "His extensive experience
in the diamond industry makes him a huge asset to our technical
team. We look forward to working with him."
Star Diamond SVP Corporate
Development George Read said: "We are very pleased to welcome
Nelson to our technical team and his depth of experience in diamond
sorting and valuation adds a new dimension to our in-house skills.
Since 2021 Nelson has participated in detailed diamond breakage and
sorting exercises of diamonds from the Star and Orion South
Kimberlites. Consequently, he has already developed an intimate
knowledge of the true character of our Star and Orion South diamond
evaluation parcels. His first task is to complete a detailed
valuation exercise on the Star and Orion South diamond parcels, as
this will be an integral part of our planned revised Mineral
Resource estimate for these kimberlites."
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.
For further information, please contact: Phone: (306)
664-2202
Email: stardiamondcorp@stardiamondcorp.com
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. The use of any of the words
"anticipate", "plan", "aim", "target", "contemplate", "continue",
"estimate", "expect", "intend", "propose", "might", "may", "will",
"shall", "project", "should", "could", "would", "believe",
"predict", "forecast", "pursue", "potential", "possible", "capable"
and similar expressions are intended to identify "forward-looking
statements. Forward-looking statements in this press release
include, but are not limited to, expectations regarding the timing
for transfer of the Permit to Operate and completion of the
transactions that are the subject of the Agreement.
These forward-looking statements are based on Star Diamond'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,
the MoE's approval processes and the impact of changes in the laws
and regulations regulating mining exploration, development,
closure, judicial or regulatory judgments and legal proceedings and
the additional risks described in Star
Diamond's most recently filed Annual Information Form,
annual and interim MD&A.
Although management of Star
Diamond considers the assumptions contained in
forward-looking statements to be reasonable based on information
currently available to Star Diamond,
those assumptions may prove to be incorrect. When making decisions
with respect to Star Diamond,
investors and others should not place undue reliance on these
statements and should carefully consider the foregoing factors and
other uncertainties and potential events.
Star Diamond does not undertake
any obligation to release publicly revisions to any forward-looking
statement to reflect events or circumstances after the date of this
release, or to reflect the occurrence of unanticipated events,
except as may be required under applicable securities laws.
Investors should not assume that any lack of update to a previously
issued forward-looking statement constitutes a reaffirmation of
that statement. Continued reliance on forward-looking statements is
at investors' own risk.
SOURCE Star Diamond Corporation