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Stornoway Diamond Corporation Opens Renard Mine Road

Investing News Network
Sep. 03, 2013 07:54AM PST
Diamond Investing

Stornoway Diamond Corporation (TSX:SWY) announced the opening of the Renard Mine Road to all-season vehicle traffic. All four road construction segments “A” to “D” of the Renard Mine Road and the Route 167 Extension that are currently under construction by Stornoway and the Québec Ministère des Transports have now been connected, allowing the full transit of construction vehicles from Temiscamie, at the end of the existing public highway, to the Renard project site 240 km to the north.

Stornoway Diamond Corporation (TSX:SWY) announced the opening of the Renard Mine Road to all-season vehicle traffic. All four road construction segments “A” to “D” of the Renard Mine Road and the Route 167 Extension that are currently under construction by Stornoway and the Québec Ministère des Transports have now been connected, allowing the full transit of construction vehicles from Temiscamie, at the end of the existing public highway, to the Renard project site 240 km to the north.

As quoted in the press release:

The Renard Mine Road has opened initially for construction traffic only, and is not yet open for public use. Overall completion stands at 50%. To date, all temporary bridges have been completed, 9 of 16 permanent bridges have been installed, more than 80% of all culverts have been installed, and approximately 1.6 million tonnes of gravel has been extracted from 7 borrow pits.

Stornoway Diamond President and CEO Matt Manson said:

With today’s news, it is now possible to drive directly to the Renard Project by permanent road. The connection of each construction segment has been achieved two months earlier than expected, and well ahead of the 4th Quarter, 2013 schedule established when construction of Stornoway’s portion of the road began in April. We are also forecasting final completion of the Renard Mine Road within budget. These achievements have been made possible by the strong performance of our construction contractors, all of whom are Cree or locally operated businesses, and the professionalism of Stornoway’s construction management team based in Longueuil, Québec.

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

See this press release on Marketwire
Click here to see the Stornoway Diamond Corporation (TSX:SWY) profile.

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