Positive study for Shore

Article Excerpt

SHORE GOLD $0.89 (Toronto symbol SGF; SI Rating: Start-up) (306-664-2202; www.shoregold.com; Shares outstanding: 224.5 million; Market cap: $199.8 million) released positive results from a prefeasibility study on its 100%-owned Star diamond project and the nearby 60%-held Orion South project in Saskatchewan. Newmont Mining owns the other 40% of Orion South, plus 9.9% of Shore’s common shares. The study projects that a mine would produce 35 million carats of diamonds over 20 years. Shore hopes to finish a feasibility study on the projects by early 2011. Production could begin in the first quarter of 2016. Shore Gold is a buy for highly aggressive investors. investors…