DIAMOND OPTION
TSX-listed project developer Shore Gold has consolidated its ownership in the Star-Orion South diamond project, in Saskatchewan, after buying Newmont Canada FN Holdings’ 31% interest in the Fort à la Corne joint venture (FalC JV), the company announced on Friday.
With a resulting 100% ownership of the Star-Orion South project in hand, the company has also in parallel entered an option to joint venture agreement with Rio Tinto Exploration Canada (RTEC), under which RTEC can earn up to a 60% interest in the project.
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