STAR - Orion South Diamond Project Processing of STAR Trench Cutter Bulk Samples Commences
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NEWS RELEASE April 23, 2020
Stock Symbol: DIAM: TSX Saskatoon, Saskatchewan
STAR - ORION SOUTH DIAMOND PROJECT
PROCESSING OF STAR TRENCH CUTTER BULK SAMPLES COMMENCES
Star Diamond Corporation (“Star Diamond” or the “Corporation” ) announced today that Rio Tinto Exploration
Canada Inc. (”RTEC”) has commenced the processing of bulk samples from RTEC’s trench cutter program . These
bulk s amples, estimated by RTEC to be approximately 8,271 wet ton nes, were collected during 2019 on the
Corporation’s Star Kimberlite and are stored on-site in approximately 6,848 cubic metre bulk bags.
The on-site bulk sampling plant (the “BSP”) was fabricated by Consulmet (Pty) Ltd of South Africa. The BSP uses X-
ray transmission sorting technology to recover any large diamonds present (6 to 25 millimetres). All the 0.85 to 6.0
millimetre kimberlite fraction is then processed through a DMS cyclone to prepare a diamond -bearing heavy
mineral concentrate for the recovery of the 0.85 to 6.0 millimetre diamonds. A secondary crushing circuit, using a
high-pressure rolls crusher, aims to maximize the liberation of smaller diamonds from the kimberlite. Star Diamond
has been advised by RTEC that it is has completed commissioning of the BSP.
The mineral concentrates produced by the BSP are expected to be shipped, on an ongoing basis, to an off-site facility
for final diamond recovery and reporting of such recovery to Star Diamond and RTEC.
Star Diamond currently expects that all or substantially all of the bulk samples collected during 2019 will be
processed through to final diamond recovery and reported over the balance of calendar 2020, provided that there
are not any unexpected material delays in this process including arising from COVID-19 issues. Star Diamond looks
forward to providing periodic updates regarding the bulk sample processing and results obtained in accordance
with its public disclosure obligations.
About Star Diamond Corporation
Star Diamond Corporation is a Canadian based corp oration engaged in the acquisition, exploration and
development of mineral properties. Shares of the Corporation trade on the TSX Exchange under the trading symbol
“DIAM”. The Corporation’s Fort à la Corne kimberlites (including the Star - Orion South Diamond Project) are located
in central Saskatchewan in close proximity to established infrastructure, including paved highways and the electrical
power grid, which provide significant advantages for future mine development.
All technical information in this press release has been prepared under the supervision of George Read, Senior Vice-
President of Exploration and Development, a registered Professional Geoscientist in the Provinces of Saskatchewan
and British Columbia and Mark Shimell, Project Manager, a registered Professional Geoscientist in the Province of
Saskatchewan, who are the Corporation’s “Qualified Persons” under the definition of NI 43-101.
Caution Regarding Forward-Looking Statements
This news release contains forward -looking statements as defined by certain securities laws, including the "safe harbour" provisions of
Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward -looking information is often,
but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "targ et", "project",
"guidance", "may", "will", "should", "could", "estimate", "predict" or similar words suggesting future outcomes or language suggesting an
outlook. In particular, statements regarding the Corporation's future operations, future exploration and development activities or oth er
development plans constitute forward-looking statements. By their nature, statements referring to mineral reserves, mineral resources, PEA
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or TFFE constitute forward -looking statements. Forward-looking statements contained or implied in this press release include, but are not
limited to, the Corporation’s expectations regarding the processing of bulk samples and the timeline for doing so.
These forward-looking statements are based on the Corporation'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 prices, risks relating to fluctuations in the Canadian dollar and other cur rencies relative to the
US dollar, changes in exploration, development or mining plans due to exploration results and changing budget priorities of RTEC or the
Corporation, risks related to the legal proceedings commenced by the Corporation against RTEC, the effects of competition in the markets in
which the Company operates, the impact of the COVID -19 pandemic, risks related to the operation of the BSP and the processing methods
being used by RTEC and the effectiveness thereof, 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 the Corporation's most recently filed Annual Information Form, annual and interim MD&A. The Corporation's anticipation of and
success in managing the foregoing risks could cause actual results to differ materially from what is anticipated in such forw ard-looking
statements.
Although management 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 Corporation, investor s and others
should not pla ce undue reliance on these statements and should carefully consider the foregoing factors and other uncertainties and
potential events. Unless required by applicable securities law, the Corporation does not undertake to update any forward-looking statement
that is made herein.
For further information: [email protected] or (306) 664-2202
www.stardiamondcorp.com
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