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    Construction of Route 167 Extension Commences

    Investing News Network
    Feb. 03, 2012 11:02AM PST
    Diamond Investing

    Construction activities have commenced on the Route 167 Extension, the road development project that will provide year round road access to the Stornoway Diamond Corp. (TSX:SWY) 100% owned Renard Diamond Project by way of the communities of Mistissini and Chibougamau.

    Construction activities have commenced on the Route 167 Extension, the road development project that will provide year round road access to the Stornoway Diamond Corp. (TSX:SWY) 100% owned Renard Diamond Project by way of the communities of Mistissini and Chibougamau.

    As quoted in the press release:

    Initial contracts have now been awarded by the Québec ministère des Transports (the “MTQ”) for several aspects of road construction, including a contract for the clearing (or “slashing”) of trees along the full 243 kilometers length of the new road to the Eenatuk Forestry Corporation, a wholly-owned subsidiary of the Eskan Company, a development corporation of the Cree Nation of Mistissini (“CNM”). Stornoway notes that actions recently taken by Uuchii General Contractors Inc. (“Uuchii”) and other parties in connection with the construction of the Route 167 Extension project have received recent media coverage in Québec. Stornoway reports that construction work is proceeding on schedule, following dismissal of an injunction sought by Uuchii against the CNM and the MTQ in respect of certain construction contracts.

    Click here to read the Stornoway Diamond Corp. (TSX:SWY) press release


    Click here to see the Stornoway Diamond Corp. (TSX:SWY) profile.

    stornoway diamondtsx:swystornoway diamond corprenard diamond project
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