Stock Symbol: SGF:
TSX
SASKATOON, Dec. 21, 2015 /CNW/ - George H. Read, P. Geo., Senior Vice President
Exploration and Development, Shore Gold Inc. ("Shore") is pleased
to announce that the Technical Report documenting the Revised
Mineral Resource Estimate (see SGF News Release dated November 9, 2015) for the Star – Orion South
Diamond Project ("Technical Report") has been filed on SEDAR
(www.sedar.com). This Technical Report has also been posted on the
Shore website www.shoregold.com.
The scientific and technical information contained in the
Technical Report has been prepared and verified by A.C.A. Howe
International Limited ("Howe"), under the supervision of Mr.
Daniel C. Leroux, M.Sc., P. Geo. and
the Mineral Resource estimation methodology under the supervision
of Peter Ravenscroft, FAusIMM, of
Burgundy Mining Advisors Ltd., an independent mining consultant,
both Qualified Persons ("QPs") within the meaning of National
Instrument ("NI") 43-101 of the Canadian Securities
Administrators.
The Revised Mineral Resource estimate will now be incorporated
into a re-optimized open pit mine plan for the Project, which will
include a re-evaluation of mineral reserves and an economic
assessment based thereon. It is anticipated this work will be
completed during 2016 and will result in an Updated Feasibility
Study including a revised statement of Mineral Reserves for the
Project, if warranted, and an economic assessment based thereon.
Accordingly, the mineral resources/reserves and economic assessment
disclosed prior to November 9, 2015
by Shore for the Star – Orion South Diamond Project should no
longer be relied upon.
George Read, Senior Vice
President of Exploration and Development, Professional Geoscientist
in the Provinces of Saskatchewan
and British Columbia and
Mark Shimell, Project Manager,
Professional Geoscientist in the Province of Saskatchewan, are the Company's "QPs" under
the definition of NI 43-101 and are responsible for the contents of
this press release.
The Project is located in central Saskatchewan some 60 kilometres east of the
city of Prince Albert. The Project is in close proximity to
established infrastructure, including paved highways and the
electrical power grid, which provide significant advantages for
future mine development.
Shore is a Canadian based corporation engaged in the
acquisition, exploration and development of mineral properties.
Shares of the Company trade on the TSX Exchange under the trading
symbol "SGF".
SOURCE Shore Gold Inc.