Shore Gold Close to Decision on Proposed Mine

Friday, February 04, 2011 at 15:07

Shore Gold says it’s nearing a decision on a proposed new diamond mine near Fort a la Corne.

The company has approved a budget that includes $4.4 million for its joint venture in the area.

Part of the money will be used to complete a feasibility study on the Star Orion south diamond project.

That study should be ready by the end of the second quarter.

After that, the company says it will be in a position to see whether or not a mine is feasible.