diamonds fontana

Tres-Or Completes Its Option to Acquire 100% Interest in the Fontana Gold Project Claims from Globex Mining Enterprises Inc.

Tres-Or Resources Ltd. (TSXV: TRS) (OTC Pink: TRSFF) ("Tres-Or" or the "Company") is pleased to announce the completion of its November 2011 Option Agreement with Globex Mining Enterprises Inc. (TSX: GMX) (FSE: G1MN) (OTCQX: GLBXF) ("Globex") to acquire a 100% interest in 23 mineral claims comprising the Fontana Gold Project subject to Globex retaining a 2.0% NSR.

About the Fontana Gold Project Claims

The Fontana Gold Project is the most advanced project in the Amos area of Quebec. It has been the subject of considerable past work, including the sinking of a 92-meter shaft, excavation of 242 meters of underground workings, completion of over 300 drill holes, and processing of 22,047 tonnes of bulk sample material yielding 1,450 ounces of gold.

Gold mineralization within the Fontana Gold Zone occurs within quartz veins and veinlets spatially associated with a number of northeast-southwest and northwest-southeast trending shear zones. Multiple zones of high-priority gold occurrences have been reported, including:

  • Bunkhouse Zone: Steeply dipping shear zone, extends for some 600 meters in a northeast-south-west direction. Gold occurs within white quartz veins with trace sulphides
  • Hooper Zone: Shear zone hosting massive to semi massive sulphide veins, which extends west and northwest more than 100 meters from the Bunkhouse Zone
  • Fontana Main Shear Zone: a northwest-southeast trending shear zone defined for some 400 meters.

Some of the best historic drill intersections were reported at the intersection of the Hooper and Bunkhouse zones, including 17.5 g/t gold over 38.1 meters (Drill Hole JB200B) and 17.1 g/t gold over 13.7 meters (Drill Hole JB200).


Photograph 1 - Tres-Or drill hole FT 17-01 representing a mineralized interval from the Hooper Zone where assays returned 46.1 g/t gold over 0.5m from a 52.5m to 53.0m interval (for additional information see Tres-Or news release December 8, 2017).

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Photograph 2 - Tres-Or drill hole FT 17-01 represents a mineralized interval from the Bunkhouse Zone where assays returned 10.4 g/t gold over 1.0m from an interval between 215.45m to 216.45m (for additional information see Tres-Or news release December 8, 2017).

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Recently, Tres-Or announced an Amended and Restated Option Agreement with Kiboko Gold Inc. ("Kiboko") to acquire the Company's interest in the Fontana Gold Project on or before June 30, 2022, by completion of an initial public offering of Kiboko securities having gross proceeds of a minimum of $3,000,000 (the "IPO"), as more particularly detailed in the Company's news release dated December 1, 2021. This restated option agreement, subject to TSX Venture Exchange approval, includes all 334 of the Company's contiguous claims, including Tres-Or's Duvay and Chenier gold project areas, and additional land that was staked to increase the project to more than 100 km2 of prospective terrain. The property represents a camp-scale opportunity for discovery in the heart of Canada's most prolific mining district, the Abitibi gold belt.

Having attained the Kiboko transaction, serves to complete the separation of Tres-Or's gold property assets from its current diamond property assets. Tres-Or will continue to focus on the exploration and development of its Quebec diamond assets (refer to Tres-Or news release November 16, 2021- Macrodiamond drill program completed at the Guigues diamond pipe) and continues to evaluate additional diamond project opportunities.

This news release was prepared by Laura Lee Duffett, P.Geo., President, Director and Chief Executive Officer of Tres-Or, in her capacity as a Qualified Person under National Instrument 43-101.

On behalf of the Board of Directors

"Laura Lee Duffett"

Laura Lee Duffett,
President and CEO

For further information

Laura Lee Duffett, President & CEO: +1 (604) 541-8376 - info@tres-or.com
Dean Claridge, Business Development: +1 (604) 688-8700
Website: www.tres-or.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

About the Company

Tres-Or Resources Ltd. is a Canadian resource company focused on exploring for diamonds and gold resources in the Témiscamingue and Abitibi regions of Québec and is listed on the TSX Venture Exchange under the trading symbol "TRS". Additional information related to the Company is available on SEDAR and on the Company's website (www.tres-or.com).

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STAR DIAMOND APPOINTS EWAN MASON AS ITS PRESIDENT AND CEO

Star Diamond Corp (TSX: DIAM) ("Star Diamond" or the "Company") is pleased to announce that its Board of Directors has appointed Ewan Mason to the position of President and Chief Executive Officer, effective immediately. Mr. Mason has served as Interim President and Chief Executive Officer since January 1, 2023. Mr. Mason will continue to serve as Chair of the Company's Board.

add logo (CNW Group/Star Diamond Corporation)

"We are pleased to name Ewan Mason as the President and CEO of Star Diamond," said Lisa Riley , Lead director of the Board. "Since he was appointed interim CEO in January 2023, Ewan's leadership has been integral in the successful negotiation process and the coming acquisition of Rio Tinto Exploration Canada Inc.'s 75% interest in the Fort à la Corne ("FALC") diamond district. He also continues to build strong relationships with our employees, shareholders and stakeholders, all while maintaining a focus on shareholder value."

"I am honored to accept the CEO position at Star Diamond," said Ewan Mason, President and CEO of Star Diamond. "I am excited about the prospect of an ongoing collaboration with an exceptional team and the future development of the world class diamond project that is FALC".

About Star Diamond Corporation
Star Diamond is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of Star Diamond trade on the Toronto Stock Exchange under the trading symbol "DIAM". Star Diamond's most significant asset is its interest in the Fort à la Corne property in central Saskatchewan. These kimberlites are located in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development.

Stay Connected with Us:
Twitter: https://twitter.com/StarDiamondCorp
LinkedIn: https://www.linkedin.com/company/star-diamond-corp
Facebook: https://www.facebook.com/people/Star-Diamond-Corp/100058096376664/
Instagram: https://www.instagram.com/stardiamondcorp/

Caution Regarding Forward-looking Statements

This press release contains "forward-looking statements" and/or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. The use of any of the words "anticipate", "plan", "aim", "target", "contemplate", "continue", "estimate", "expect", "intend", "propose", "might", "may", "will", "shall", "project", "should", "could", "would", "believe", "predict", "forecast", "pursue", "potential", "possible", "capable" and similar expressions are intended to identify "forward-looking statements. Forward-looking statements in this press release include, but are not limited to, expectations regarding the timing for transfer of the Permit to Operate and completion of the transactions that are the subject of the Agreement.

These forward-looking statements are based on Star Diamond's current beliefs as well as assumptions made by and information currently available to it and involve inherent risks and uncertainties, both general and specific. Risks exist that forward-looking statements will not be achieved due to a number of factors including, but not limited to, the MoE's approval processes and the impact of changes in the laws and regulations regulating mining exploration, development, closure, judicial or regulatory judgments and legal proceedings and the additional risks described in Star Diamond's most recently filed Annual Information Form, annual and interim MD&A.

Although management of Star Diamond considers the assumptions contained in forward-looking statements to be reasonable based on information currently available to Star Diamond, those assumptions may prove to be incorrect. When making decisions with respect to Star Diamond, investors and others should not place undue reliance on these statements and should carefully consider the foregoing factors and other uncertainties and potential events.

Star Diamond does not undertake any obligation to release publicly revisions to any forward-looking statement to reflect events or circumstances after the date of this release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at investors' own risk.

SOURCE Star Diamond Corporation

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