Star Diamond Expands Portfolio with Acquisition of Buffalo Hills Project in Alberta

Star Diamond has significantly bolstered its assets with the complete acquisition of the Buffalo Hills project in north-central Alberta
Star Diamond Expands Portfolio with Acquisition of Buffalo Hills Project in Alberta
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This strategic move, announced on Monday, involves acquiring the remaining 50% interest from Canterra Minerals, marking a pivotal development in the company's expansion within the diamond mining sector.

The acquisition, valued at C$1.1 million and finalized through the issuance of 17.5 million common shares to Canterra, also includes a 1% royalty interest retained by Canterra.

Located approximately 400 km northwest of Edmonton, the Buffalo Hills project encompasses a substantial area known for its diamond-bearing kimberlites, positioning it as a promising asset akin to the renowned Fort à la Corne kimberlite fields in Saskatchewan.

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