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Star Diamond Corporation

11:46 AM EST - Star Diamond Corporation : Announced that, subsequent to the recently announced transaction with Rio Tinto Exploration Canada Inc. whereby Star Diamond has agreed to acquire all of RTEC's interest in the Fort à la Corne Joint Venture, Star Diamond's technical team is once again now focussed on the technical investigation and evaluation of the Star – Orion South Diamond Project, with the aim of a future development decision. The initial work aims to prepare a revised Mineral Resource estimate for the Star – Orion South Diamond Project, which will form the foundation of an updated Pre-Feasibility study. The PFS study will enable a Feasibility Study, on which a production decision can be based. Star Diamond Corporation shares T.DIAM are trading down $0.01 at $0.08.