Stornoway’s Renard Mine Road Open All-Season


September 3, 2013: Montreal, Quebec – Stornoway Diamond Corporation (Stock Profile – TSX:SWY) announce the opening of the Renard Mine Road to all-season vehicle traffic for the first time. All four road construction segments “A” to “D” of the Renard Mine Road and the Route 167 Extension that are currently under construction by Stornoway and the Québec Ministère des Transports (“MTQ”) have now been connected, allowing the full transit of construction vehicles from Temiscamie, at the end of the existing public highway, to the Renard project site 240 km to the north.

Matt Manson, President and CEO commented: “With today’s news, it is now possible to drive directly to the Renard Project by permanent road. The connection of each construction segment has been achieved two months earlier than expected, and well ahead of the 4th Quarter, 2013 schedule established when construction of Stornoway’s portion of the road began in April. We are also forecasting final completion of the Renard Mine Road within budget. These achievements have been made possible by the strong performance of our construction contractors, all of whom are Cree or locally operated businesses, and the professionalism of Stornoway’s construction management team based in Longueuil, Québec.”

Matt Manson continued: “The Renard Project is now permitted, connected by road, and ready to build. The project’s large Mineral Resource, and its extensive exploration upside, offers a project producing up to 2 million carats of diamonds per year and projected annual revenues of up to C$450m per year within its initial 11 year mine life. Renard is an outstanding, and unique, new diamond development project. Project financing discussions with lenders and prospective investors are ongoing and progressing well, with a view to first construction mobilization prior to the end of 2013.”

For more on the news – CLICK HERE.


Comments are closed.

If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.


 Daily Gainers

 Gitennes Exploration, Inc. GIT.V +100.00%
 Playfair Mining Ltd. PLY.V +100.00%
 Kermode Resources Ltd. KLM.V +100.00%
 Playfair Mining Ltd. PLY.V +100.00%
 Augur Resources Limited AUK.AX +50.00%
 Carlin Gold Corp. CGD.V +32.50%
 Casa Minerals Inc. CASA.V +30.00%
 Adelaide Resources Ltd. ADN.AX +29.41%
 Mkango Resources Ltd. MKA.V +25.00%
 Pele Mountain Resources Inc. GEM.V +25.00%

Download the latest Solaris Resources (SLSSF) Investor Kit

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

MiningFeeds will use the information you provide on this form to be in touch with you and to provide updates and marketing.