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STAR - ORION SOUTH DIAMOND PROJECT INCREASED ROUGH DIAMOND PRICES HIGHEST VALUE STONE IDENTIFIED: $15,000 PER CARAT, 11.96 CARATS
Mar. 2, 2011 (Canada NewsWire Group) -- Stock Symbol: SGF: TSX SASKATOON, March 2 /CNW/...
About this update from Star Diamond Corporation
[{"type":"text","content":"\n\n\n Mar. 2, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nStock Symbol: SGF: TSX\n\n\nSASKATOON, March 2 /CNW/ - George H. Read, P. Geo., Senior Vice\n President Exploration & Development, is pleased to announce the\n completion of an updated valuation of the diamond parcels from the Star\n and Orion South Kimberlites. This valuation will be used in the Final\n Feasibility Study for resource estimation, pit optimization and\n associated financial model. These parcel and modeled prices were\n determined by WWW International Diamond Consultants Limited ("WWW"), an\n industry leading rough diamond valuation and consulting company. In\n this current valuation exercise WWW has applied its February 1, 2011\n price book to parcels from Star and Orion South. All price figures are\n expressed in US dollars.\n\n\nThis detailed valuation of all Star and Orion South diamonds has\n identified the highest value stone recovered to date, in a parcel of\n diamonds recovered from a large diameter drill (LDD) hole in the Early\n Joli Fou (EJF) unit of the Star Kimberlite. This 11.96 carat stone was\n valued on the basis that it is E colour and has a price of $15,000 per\n carat (stone value: $179,325). WWW assumes that it will produce a\n polished stone of over 4 carats. This high value diamond has been\n confirmed as a Type IIa diamond using Fourier Transform Infra Red\n (FTIR) spectroscopy at the University of Saskatchewan (Saskatoon). LDD\n diamond parcels were specifically reco...