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Shore Gold at Year Lows As Updates on Star Orion South Diamond Project; Pilot Hole Core Drilling Completed
11:00 AM EST, 12/12/2017 (MT Newswires) -- Shore Gold (SGF.TO ) shares on Tuesday added 3.1% to 52-week lows at $0.165 apiece after saying that Shore and Rio Tinto Exploration Canada have completed an HQ core drilling program, consisting of ten holes and some 2,409 metres of drilling, on the Star Kimberlite.
The company said in a statement that it intersected 1,210 metres of kimberlite. This core drilling is required to accurately document the internal stratigraphy of the Star Kimberlite prior to a proposed mini-bulk sample drilling program, which is expected to commence in 2018, said the company.
The ten hole locations are in close proximity to previously collected underground bulk samples and past 48 inch large diameter drill holes and include areas of significant intersections of the Early Joli Fou Kimberlite.