Stornoway Diamond Corp. Proceeds to Mine Construction; Ground Breaking Ceremony Held Today

Stornoway Diamond Corporation (TSX:SWY) announced that it has made a formal decision to proceed to mine construction and production at the Renard Diamond Project in Quebec. The Company also held a ground breaking ceremony today at the site, attended by Quebec Premier M. Philippe Couillard M. Jacques Daoust, the Québec Minister of the Economy, Innovation and Exports, M. Jean Boucher, the Member of the Québec National Assembly for Ungava, Chief Richard Shecapio, Chief of the Cree Nation of Mistissini, Mme Manon Cyr, Mayor of Chibougamau and M. Steve Gamache, Mayor of Chapais.

As quoted in the press release:

Project construction has now been fully mobilized, with commercial production on schedule for the second quarter of 2017 based on first plant commissioning in late 2016.

Stornoway Diamond President and CEO, Matt Manson, said:

The formal decision to proceed to construction and production at Renard, announced today at a ground breaking ceremony in the presence of Premier Coulillard and our partners in the communities of Mistissini, Chibougamau and Chapais, represents the most significant milestone yet in the long journey to bring Québec’s first diamonds to market. The Renard Diamond Project is now fully permitted, financed, and ready to build. This is a moment to acknowledge the immense effort of all those that have been involved over the last 18 years in the exploration, discovery, assessment, design and financing of Renard, and to look forward to the significant undertakings of mine construction, commissioning and successful operation that lie ahead.

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