Diamond

Tres-Or Resources Ltd. (TSXV: TRS) (OTC Pink: TRSFF) ("Tres-Or" or the "Company") announces that as contemplated by the Amended and Restated Option Agreement with Kiboko Gold Inc. ("Kiboko") dated November 30, 2021, a preliminary long form prospectus has been filed and can be found on Kiboko's SEDAR profile. Tres-Or also reports that Kiboko has filed an accompanying Technical Report (NI 43-101 report) titled "Harricana Gold Project Technical Report, Duverny Township, Quebec".

About the Fontana Gold Project (renamed the Harricana Gold Project)

The Fontana Gold Project located 16 km northeast of Amos, Québec was expanded to include Tres-Or's Duvay and Chenier gold project areas, and additional land was staked to increase the project to more than 100 km2 of prospective terrain. The Project includes 234 claims and represents a camp-scale opportunity for a discovery in the heart of Canada's most prolific mining district, the Abitibi gold belt.

Tres-Or's Fontana Gold Project has a tremendous quantity of historic data ranging from small scale mining to recent exploration drilling. This extensive dataset includes geologic mapping, detailed geophysics and geochemistry, bulk sampling, and assay data from more than 700 diamond drill holes dating back to 1937.

The Kiboko technical report provides recommendations for exploration programs with the first phase to consist of a drill program and a Mineral Resource estimate at the Fontana area of the Project. The second phase consists of additional drilling and Mineral Resource estimation at the Fontana, Monpas, and Duvay areas of the Project.

About the Amended and Restated Option Agreement

Under the amended and restated option agreement Kiboko is granted a one stage option to acquire all the Company's interest in the Fontana Gold Project (234 claims) subject to certain royalty interests as per Tres-Or news releases dated December 1, 2021, and January 19, 2022.

To exercise this Amended and Restated Option Kiboko must:

(a) return 2,000,001 Tres-Or common shares and return for cancellation 1,000,001 warrants of the Company previously issued to Kiboko;

(b) on or before June 30, 2022, complete an initial public offering of Kiboko securities having gross proceeds of a minimum of $3,000,000 (the "IPO"); and

(c) within 30 days of the closing of the IPO pay $350,000 to Tres-Or and issue to the Company shares of Kiboko (the "Kiboko Shares") having a value of $1,500,000 based upon a share price equal to the price at which Kiboko's common shares were issued in the IPO. The Kiboko Shares are to be subject to a 12 month hold period and such other restrictions as are imposed under the policies of the BC Securities Commission and the TSX Venture Exchange. Notwithstanding these restrictions the Company may distribute some or all the Kiboko Shares to its shareholders effective December 31, 2022.

It is the intention of the Company's Board of Directors to distribute the Kiboko shares received under this agreement to Tres-Or shareholders on a pro-rata basis, which will be subject to further TSX Venture Exchange submissions and approvals. The record date upon which the distribution is based will be determined once the Kiboko shares have been issued to Tres-Or.

Note: The reader is cautioned that there is no assurance that a final form prospectus will be accepted by the applicable regulatory bodies nor is there any assurance Kiboko will be successful in completing the capital raising contemplated by the prospectus.

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).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123507

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TRS:CA
Tres-Or Announces a Private Placement for Macrodiamond Testing Programs for Its Guigues Diamond Project in Quebec

Tres-Or Announces a Private Placement for Macrodiamond Testing Programs for Its Guigues Diamond Project in Quebec

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Tres-Or Resources Ltd. (TSXV: TRS) ("Tres-Or" or the "Company") is pleased to announce a non-brokered private placement for aggregate gross proceeds of up to $550,000 through the sale of Common Share Units (as defined herein) and Flow-Through Units (as defined herein) (the "Private Placement") to advance its Guigues diamond exploration project near Notre-Dame-du-Nord, Québec (the "Guigues Project"). All dollar amounts are in Canadian dollars.

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

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

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Tres-Or Amends and Restates the Option on It's Fontana Gold Project in Québec

Tres-Or Amends and Restates the Option on It's Fontana Gold Project in Québec

Tres-Or Resources Ltd. (TSXV: TRS) (OTC Pink: TRSFF) ("Tres-Or" or the "Company") announces that it has reached an agreement with Kiboko Gold Inc. ("Kiboko") to amend and restate the original option agreement between the parties dated June 6, 2019 (the "Original Agreement").

About the Fontana Gold Project

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InvestmentPitch Media Video Discusses Tres-Or Resources' First Macrodiamond Drill Program at its Guigues Kimberlite Pipe in Québec - Video Available on Investmentpitch.com

InvestmentPitch Media Video Discusses Tres-Or Resources' First Macrodiamond Drill Program at its Guigues Kimberlite Pipe in Québec - Video Available on Investmentpitch.com

 Tres-Or Resources (TSXV: TRS) (OTC Pink: TRSFF), a Canadian resource company focused on exploring for diamonds and gold in Quebec, has completed the company's first macrodiamond drill program at its Guigues Kimberlite Pipe in Québec. The company's 100% owned flagship project, the Guigues Kimberlite pipe, is located 10 kilometres from Notre-Dame-du-Nord, in southwestern Quebec.

For more information, please view the InvestmentPitch Media "video" which provides additional information on the company and this news, along with some comments from Laura Lee Duffett, President and CEO of Tres-Or. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Tres-Or" in the search box.

The Guigues kimberlite pipe has substantial size of 4.6 to 7 hectares, excellent local infrastructure, and most importantly highly encouraging diamond indicator mineral chemistry.

The planned 5-hole drill program, totalling 1,500 metres, was completed in one week, with each of the 5 holes reaching 300 metres and encountering significant kimberlite, thereby providing more than 10 tonnes of kimberlite sample for mini-bulk macrodiamond testing.

The kimberlite core will provide the sample for the recovery of macrodiamonds by testing at an independent Canadian laboratory. The company has already collected approximately 8 tonnes from the mini-bulk sample that exceeded 10 tonnes and anticipates recovering all diamonds greater than 0.425 millimetres in diameter.

Tres-Or's previous sampling programs at Guigues established that the kimberlite carries closely comparable indicator mineral and microdiamond populations to De Beers' Victor Diamond Mine in northern Ontario. Nitrogen measurements were conducted by the Saskatchewan Research Council Geoanalytical Laboratories Diamond Services on all Guigues microdiamonds larger than 0.15 millimetres, which demonstrated that more than 75% of these microdiamonds lack the impurity nitrogen, making them similar to most of the largest high value diamonds, Type II, ever produced around the world.

Management cautions that although the recovery of Type II microdiamonds from the Guigues Kimberlite is suggestive of the occurrence of larger stones, this does not mean that the Guigues Kimberlite will necessarily host large Type II diamonds.

The shares are trading at $0.08. For more information, please visit the company's website at www.tres-or.com, contact Laura Lee Duffett, President and CEO, at 604-541-8376 or by email laura@tres-or.com.

About InvestmentPitch Media

Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

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Macrodiamond Drill Program Completed at Tres-Or's Guigues Pipe in Quebec

Macrodiamond Drill Program Completed at Tres-Or's Guigues Pipe in Quebec

Tres-Or Resources Ltd. (TSXV: TRS) (OTC Pink: TRSFF) ("Tres-Or" or the "Company") is pleased to report completion of the Company's first macrodiamond drill program at the Guigues Kimberlite Pipe in southwestern Québec. The planned 5 holes have been completed to 300.00 m each, providing more than 10 tonnes of kimberlite sample for mini-bulk macrodiamond testing. Four of the holes ended in kimberlite at 300.00 m, and the fifth hole entered metasediment county rock at 262.10 m. The drill was operated 24 hours a day by Forage DCB Drilling Inc. of Rouyn-Noranda, Quebec and finished the entire 1,500 m of HQ (64 mm diameter) core program in one week.

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STAR DIAMOND CORPORATION ANNOUNCES FIRST QUARTER 2022 RESULTS

TSX: DIAM

Star Diamond Corporation ("DIAM", "Star Diamond" or the "Company") reports that the unaudited results of its operations for the quarter ended March 31, 2022 will be filed today on SEDAR and may be viewed at www.sedar.com once posted. A summary of key financial and operating results for the three months ended March 31, 2022 is as follows:

Star Diamond Corporation logo (CNW Group/Star Diamond Corporation)

Highlights
  • Reported on technical and joint venture meetings with Rio Tinto Exploration Canada Inc. ("Rio Tinto Canada") concerning the Fort à la Corne mineral properties (referred to by Rio Tinto Canada as the "FalCon" Project) regarding the data analysis and exploration activities that have been undertaken by Rio Tinto Canada over the last two years
  • Provided an update regarding the FalCon 'Orbit' exploration program being conducted by Rio Tinto Canada to review and prioritize the Fort à la Corne kimberlites outside of the Star and Orion South Kimberlites (the "Star – Orion South Diamond Project" or the "Project") which has highlighted the kimberlites of Orion North (K120, K147, K148) as having significant potential and Orion Centre (K145), Taurus (K150, K118, K122) and K119 as having a number of the attributes sought but require further evaluation
  • Announced study results identifying the abundance of Type IIa diamonds in the diamond parcels recovered from the Early Joli Fou ("EJF") Geological Units at Orion North and Taurus Kimberlites
  • Acquired an additional interest in the Buffalo Hills joint venture project
  • Completed a $5.0 million private placement

Overview
Star Diamond Corporation is a Canadian natural resource company focused on exploring and developing Saskatchewan's diamond resources. Star Diamond holds, through a joint venture arrangement with Rio Tinto Exploration Canada Inc. ("Rio Tinto Canada", a wholly-owned subsidiary of Rio Tinto plc or "Rio Tinto"), a 25% interest in certain Fort à la Corne kimberlites (including the Star – Orion South Diamond Project, or "Project"). These properties are located in central Saskatchewan , in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development. Rio Tinto Canada refers to their Fort à la Corne mineral properties as "Project FalCon".

Activities Relating to the Fort à la Corne mineral properties (including the Project)
During technical meetings concerning the FalCon Project held in March 2022 , Rio Tinto Canada indicated to the Company that a number of desktop studies have been undertaken to evaluate the mineability and economic viability of the Project (see News Release dated February 17, 2022 ). Star Diamond recently received presentations from both Rio Tinto Canada and Rio Tinto personnel concerning data analysis and exploration activities that have been undertaken by Rio Tinto Canada over the last two years (see News Release dated March 9, 2022 ). Topics of interest covered during these technical meetings included: 1) Star Kimberlite trench cutter bulk sampling program results, 2) Diamond size and quality analysis, 3) 'Orbit' program update, 4) Mineability study, 5) Geological model and resource update, 6) Community and stakeholder engagement, 7) Environmental and permitting and, 8) Green energy and carbon mineralization. As the Company analyzes the information presented at these technical meetings and materials relating to these topic areas, the Company may provide further details and/or results of these studies.

The FalCon 'Orbit' exploration program conducted by Rio Tinto Canada has resulted in a number of kimberlites being prioritized for additional diamond evaluation work (see News Release dated April 12, 2022 ). Rio Tinto Canada geologists of the Orbit exploration team have, over the past few years, used a spectrum of evaluation techniques to review and prioritize the Fort à la Corne kimberlites outside of the Star and Orion South Kimberlites, which have already been subject to extensive evaluation. This program has highlighted the kimberlites of Orion North (K120, K147, K148) as having significant potential to add to the FalCon Project. Orion Centre (K145), Taurus (K150, K118, K122) and K119 stand out in the field as having number of the attributes sought but require further work to completely evaluate. The locations of these kimberlites relative to Star and Orion South are shown on the map, which is available on the Star Diamond website. Rio Tinto Canada has indicated that it is in the process of developing additional diamond evaluation work to be conducted on these kimberlites. The evaluation techniques used thus far by the Orbit exploration team to prioritize these Orion North, Orion Centre and Taurus Kimberlites have included: componentry method of core logging; diamond inclusion studies; garnet colour studies; trace element geochemistry; thermobarometry; and microdiamond sampling. These studies have highlighted the kimberlites of Orion North (K120, K147, K148) as satisfying Rio Tinto Canada's Ore Grade Width Intercept ("OGWI") requirements and that these kimberlites will require additional evaluation work. Orion Centre (K145), Taurus (K150, K118, K122) and K119 indicate the potential to deliver OGWIs.

The Company recently announced the completion of a major study into the abundance of Type IIa diamonds in the diamond parcels recovered from the Early Joli Fou ("EJF") Geological Units at the Orion North and Taurus Kimberlites. These diamonds were recovered by Star Diamond between 2006 and 2008 from 48-inch large diameter drilling ("LDD") programs. This study confirms that unusually high proportions of Type IIa diamonds are present in both the Orion North and Taurus Kimberlites. Of particular note is the remarkably high proportion of Type IIa diamonds in the Orion North 147/148 EJF (52%) of which 66% of the 24 stones, 3 grainer (0.66 carats) and above are Type IIa. This study also confirms and augments an earlier study of Type IIa diamonds being present in the Fort a la Corne kimberlites with Star at (26.5 percent) and Orion South Kimberlite (12.5 percent) (see News Releases dated June 09, 2010 & March 04, 2019 ). Type IIa diamonds are very rare and account for less than 2 percent of all natural rough diamonds mined from kimberlites. Many high-value, top colour, large specials (greater than 10.8 carats) are Type IIa diamonds, which include all ten of the largest known rough diamonds recovered worldwide.

Activities relating to other mineral properties
The Company recently announced that pursuant to a Quitclaim, Surrender and Assignment of Interest Agreement dated May 11, 2022 , the Company has acquired an additional joint venture interest of approximately 17% in the Buffalo Hills project for nominal consideration (see News Release dated May 12, 2022 ). As a result of the transaction, Star Diamond and Canterra Minerals Corporation each hold a 50% interest in the Buffalo Hills project. Located approximately 400 kilometres  northwest of Edmonton, Alberta, Canada , the Buffalo Hills project is a significant and accessible field of diamond bearing kimberlites, with similarities to the Fort á la Corne kimberlites in Saskatchewan, Canada .

Year to Date Results
For the quarter ended March 31, 2022 , the Company recorded a net loss of $0.9 million or $0.00 per share (basic and fully diluted) compared to a net loss of $1.1 million or $0.00 per share for the same period in 2021. The losses during these quarters were due to operating costs and exploration and evaluation expenditures incurred by the Company exceeding interest income earned on cash and cash equivalents.

During April 2022 , the Company completed a private placement whereby an aggregate of 16,666,667 Units were issued for proceeds of $5.0 million (see News Releases dated April 6, 2022 and April 22, 2022 ). Each Unit was comprised of one common share and one warrant. Each whole warrant entitles the holder thereof to purchase one common share at a price of $0.40 , for a period of two years from the closing of the private placement.

Selected financial highlights include:

Condensed Consolidated Statements of Financial Position

As at

March 31,

2022

As at

December  31,

2021

Current assets

$    3.3  M

$    1.5  M

Exploration and evaluation, capital and other assets

67.7  M

67.9  M

Current liabilities

5.0  M

3.1  M

Non-current liabilities

1.0  M

1.1  M

Shareholders' equity

65.0  M

65.2  M

Consolidated Statements of Loss

Quarter Ended
March 31,

2022

Quarter Ended
March 31,

2021

Interest and other income

$    0.0  M

$    0.0  M

Expenses

0.7  M

1.4  M

Investment in Wescan Goldfields Inc.

(0.2) M

0.3  M

Net loss for the period

0.9  M

1.1  M

Net loss per share for the period (basic and diluted)

0.00

0.00

Condensed Consolidated Statements of Cash Flows

Quarter Ended
March 31,

2022

Quarter Ended
March 31,

2021

Cash flows from operating activities

$   1.1 M

$  (1.6) M

Cash flows from investing activities

0.0  M

0.0  M

Cash flows from financing activities

0.5 M

1.9 M

Net increase in cash

1.6  M

0.3  M

Cash – beginning of period

1.3 M

4.8 M

Cash – end of period

2.9  M

5.1  M

Outlook
The provincial environmental approval of the Project received in 2018, alongside the previous positive federal decision, marked a major milestone for the Project. In addition, the positive results of the 2018 independent PEA show that the Project can be economically developed and operated while providing direct employment for hundreds of people throughout the construction phase and hundreds of people continuously over its estimated 38 year mine life.

The successful completion of the 2017 consolidation of the Fort à la Corne mineral properties (including the Project) and the amended Fort à la Corne joint venture agreement that was announced in December 2021 defines a new phase for the Company. The arrangements announced in December 2021 are intended to ensure that key project milestones, and the certainty associated with them, will have been achieved before Star Diamond has to contribute any additional capital. Star Diamond will have no obligation to fund or contribute to carried interest costs until the commencement of commercial production, which will not occur until after the completion of construction of the diamond mine with it generally operating at certain specified thresholds for 90 days. Once a decision to develop the mine has been made and publicly announced, Star Diamond will have six months before it is required to begin contributing to its share of capital costs and expenditures incurred for construction of the mine.

As of May 12, 2022 , the Company had approximately $3.4 million in cash and cash equivalents (excluding $0.6 million in restricted cash). A portion of the Company's cash and cash equivalents will be used for programs (including remaining flow-through commitments) to further assess, evaluate and advance certain aspects of the Company's mineral properties, as well as for general corporate matters.

About Star Diamond Corporation
Star Diamond Corporation 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 holds, through a joint venture arrangement with Rio Tinto Canada (a wholly-owned subsidiary of Rio Tinto), a 25% interest in certain Fort à la Corne kimberlites (including the Star – Orion South Diamond Project). These properties are located in central Saskatchewan , in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development. Rio Tinto refers to their Fort à la Corne mineral properties as "Project FalCon". During 2018, Star Diamond announced the positive results of an independent Preliminary Economic Assessment on the Project. The PEA (on a 100% basis) estimated that 66 million carats of diamonds could be recovered in a surface mine over a 38-year Project life, with a Net Present Value ("NPV") (7%) of $2.0 billion after tax, an Internal Rate of Return ("IRR") of 19% and an after-tax payback period of 3.4 years after the commencement of diamond production (see news release dated April 16, 2018 ).

Caution Regarding Forward-looking Statements

This news release contains forward-looking statements as defined by certain securities laws, including the "safe harbour" provisions of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "target", "project", "guidance", "may", "will", "should", "could", "estimate", "predict" or similar words suggesting future outcomes or language suggesting an outlook. In particular, statements regarding the Company's future operations, future exploration and development activities or other development plans constitute forward-looking statements. By their nature, statements referring to mineral reserves, mineral resources or the PEA constitute forward-looking statements. Forward-looking statements contained or implied in this news release include, but are not limited to, statements relating to the Company's ability to continue as a going concern; statements regarding programs previously performed by Rio Tinto Canada; statements regarding future programs by Rio Tinto Canada; statements related to diamond breakage and other reporting; disclosure regarding the economics and project parameters presented in the PEA, including, without limitation, IRR, NPV and other costs and economic information, carats of diamonds to be recovered, after-tax payback period, tonnes of kimberlite to be mined, carats per tonne to be recovered (grade), diamond prices, project life, life of mine, capital costs, and length of pre-production period; statements related to mineral resources and/or reserves; statements related to the approval of the development of the Star - Orion South Diamond Project; statements relating to future development of the Star - Orion South Diamond Project and associated timelines; statements with respect to environmental permitting and approvals; the Company's need for and intention to seek additional financing; statements with respect to metallurgical and diamond investigations, assessments and test work including diamond breakage studies; the potential proportion of Type IIa diamonds in the Star, Orion South , Orion North and Taurus kimberlites and the potential for the recovery of large, high-quality diamonds.

These forward-looking statements are based on the Company'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, developments in world diamond markets, changes in diamond valuations, risks relating to fluctuations in the Canadian dollar and other currencies relative to the US dollar, changes in exploration, development or mining plans due to exploration results and changing budget priorities of Rio Tinto Canada or the Company, the nature and outcome of studies, analyses, criteria or conditions that Rio Tinto Canada may consider relevant to its assessment of whether to seek to further invest in the Project or seek to develop the Project into an operating mine, the effects of competition in the markets in which the Company operates, the impact of the COVID-19 pandemic, risks related to diamond breakage from extraction and diamond recovery, risks related to the Company's need for additional financing and the Company's ability to raise that financing, the impact of changes in the laws and regulations regulating mining exploration and development, judicial or regulatory judgments and legal proceedings, operational and infrastructure risks and the additional risks described in the Company's most recently filed Annual Information Form, annual and interim MD&A, news releases and technical reports. The Company's anticipation of and success in managing the foregoing risks could cause actual results to differ materially from what is anticipated in such forward-looking statements.

Although the Company considers the assumptions contained in forward-looking statements to be reasonable based on information currently available to it, those assumptions may prove to be incorrect. When making decisions with respect to the Company, investors and others should not place undue reliance on these statements and should carefully consider the foregoing factors and other uncertainties and potential events. Unless required by applicable securities laws, the Company does not undertake to update any forward-looking statement that is made herein.

www.stardiamondcorp.com

SOURCE Star Diamond Corporation

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STAR DIAMOND CORPORATION OBTAINS ADDITIONAL INTEREST IN BUFFALO HILLS JOINT VENTURE

Stock Symbol: DIAM: TSX

Star Diamond Corporation (TSX: DIAM) ("Star Diamond" or the "Corporation") is pleased to announce that, pursuant to a Quitclaim, Surrender and Assignment of Interest Agreement dated May 11, 2022 the Corporation has acquired an additional joint venture interest of approximately 17% in the Buffalo Hills project in north central Alberta, Canada for nominal consideration. As a result of the transaction, Star Diamond and Canterra Minerals Corporation (TSXV: CTM) each hold a 50% interest in the Buffalo Hills project.

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LUCARA REPORTS VOTING RESULTS FROM ANNUAL MEETING

TSX:LUC) (BSE: LUC) (Nasdaq Stockholm: LUC)

LUCARA REPORTS VOTING RESULTS FROM ANNUAL MEETING (CNW Group/Lucara Diamond Corp.)

Lucara Diamond Corp. ("Lucara" or the "Company") held its Annual General and Special Meeting of shareholders in Vancouver, British Columbia today. Shareholders voted as follows on the matters before the meeting: View PDF version .

Board Members
Shareholders elected the following 7 board members with shareholders represented at the meeting voting in favour of individual directors as follows:

Director

Votes

For

% Votes
For

Votes

Withheld

% Votes
Withheld

Paul Conibear

214,103,414

97.05%

6,501,423

2.95%

David Dicaire

219,605,131

99.55%

999,706

0.45%

Marie Inkster

220,016,073

99.73%

588,764

0.27%

Adam Lundin

199,587,635

90.47%

21,017,202

9.53%

Catherine McLeod-Seltzer

215,615,450

97.74%

4,989,387

2.26%

Peter J. O'Callaghan

213,389,302

96.73%

7,215,535

3.27%

Eira Thomas

214,539,917

97.25%

6,064,920

2.75%

Appointment of Auditors
Shareholders re-appointed PricewaterhouseCoopers LLP as Lucara's auditors with 95.22% of shareholders voting in favour.

Ordinary Resolutions to Share Unit Plan Amendments
Shareholders passed an ordinary resolution to approve certain amendments to the share units plans with 70.22% in favour. The renewal of the Company's Corporation's share unit plan which has been amended to increase the maximum share reservation and to approve the unallocated awards under the Share Unit Plan was approved with 70.21%.

Advisory Resolution on Executive Compensation
Management's approach to executive compensation, also disclosed in Lucara's management proxy circular dated March 23, 2022 was approved with 97.10% of shares represented at the meeting voting in favour.

Following the meeting, the Board of Directors selected Mr. Paul Conibear to serve as Chairman of the Board. Mr. Conibear was originally elected to Lucara's Board in 2007 and had previously served as the Company's Lead Director.

On behalf of the Board,

Eira Thomas
President and Chief Executive Officer

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ABOUT LUCARA
Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Mine in Botswana and owns a 100% interest in Clara Diamond Solutions, a secure, digital sales platform positioned to modernize the existing diamond supply chain and ensure diamond provenance from mine to finger. The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company operates transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment and community relations.

The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.

The information was submitted for publication, through the agency of the contact person set out above, on May 6, 2022 at 2:45pm Pacific Time .

SOURCE Lucara Diamond Corp.

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LUCARA'S Q1 2022 REVENUE OF $68.2 MILLION REFLECTIVE OF A STRONG START TO 2022

 (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC)

Lucara Diamond Corp. ("Lucara" or the "Company") today reports its results for the quarter ended March 31 , 2022. View PDF version .

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Mountain Province Diamonds Announces Strong First Quarter Financial Results for 2022

TSX and OTCQX: MPVD

Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVD) today announces strong financial results for the first quarter ended March 31, 2022 ("the Quarter" or "Q1 2022") continuing the strong operational and financial performance achieved in 2021 from the Gahcho Kué Diamond Mine ("GK Mine").

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FORT A LA CORNE JOINT VENTURE - SIGNIFICANT PROPORTIONS OF TYPE IIa DIAMONDS PRESENT IN ORION NORTH AND TAURUS - LARGE STONES EXHIBIT HIGH DIAMOND PRICES

TSX: DIAM

Star Diamond Corporation (" Star Diamond or the Corporation") is pleased to announce that the Corporation has completed a major study into the abundance of Type IIa diamonds in the diamond parcels recovered from the Early Joli Fou ("EJF") Geological Units at Orion North (K120, K147 & K148) and Taurus Kimberlites (K118, K122 & K150) located within the Fort à la Corne diamond district of central Saskatchewan, Canada (which contains the Star - Orion South Diamond Project), on mineral dispositions held in a joint venture with Rio Tinto Exploration Canada. These diamonds were recovered by Star Diamond between 2006 and 2008 from 48-inch large diameter drilling ("LDD") programs. This study confirms that unusually high proportions of Type IIa diamonds are present in both the Orion North and Taurus Kimberlites. Of particular note is the remarkably high proportion of Type IIa diamonds in the Orion North 147148 EJF (52%) of which 66% of the 24 stones, 3 grainer (0.66 carats) and above are Type IIa. This study also confirms and augments an earlier study of Type IIa diamonds being present in the Fort a la Corne kimberlites with Star at (26.5 percent) and Orion South Kimberlite (12.5 percent) (see News Releases dated June 09, 2010 & March 04, 2019 ). Type IIa diamonds are very rare and account for less than 2 percent of all natural rough diamonds mined from kimberlites. Many high-value, top colour, large specials (greater than 10.8 carats) are Type IIa diamonds, which include all ten of the largest known rough diamonds recovered worldwide.

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