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Last C$0.17 CAD
Change Today -0.005 / -2.86%
Volume 41.0K
SGF On Other Exchanges
As of 1:31 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

shore gold inc (SGF) Snapshot

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52 Week High
08/21/14 - C$0.34
52 Week Low
07/31/15 - C$0.17
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shore gold inc (SGF) Details

Shore Gold Inc., a natural resource company, acquires, explores, and develops mineral properties in Canada. The company primarily explores for diamonds. It principally holds interest in the Star–Orion South diamond project located in the Fort à la Corne Provincial Forest, Saskatchewan. The company was formerly known as Shore Gold Fund Inc. and changed its name to Shore Gold Inc. in August 1994. Shore Gold Inc. was incorporated in 1985 and is headquartered in Saskatoon, Canada.

8 Employees
Last Reported Date: 03/26/15
Founded in 1985

shore gold inc (SGF) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: C$300.0K
Chief Financial Officer
Total Annual Compensation: C$173.6K
Senior Vice President of Exploration & Develo...
Total Annual Compensation: C$232.7K
Compensation as of Fiscal Year 2014.

shore gold inc (SGF) Key Developments

Shore Gold Inc. Announces Star - Orion South Diamond Project Core and Large Diameter Drilling Programs Complete on Orion South

Shore Gold Inc. announced that both the Core and Large Diameter Drilling programs on the Orion South Kimberlite have been successfully completed. The LDD team of Foraco Canada Limited, the core drilling team of Newmac Industries Ltd. and Shore project managers and drill supervisors are to be complimented on their efficient work, which has led to the completion of these programs ahead of schedule. The Core Drilling program included 18 vertical NQ (48 millimetre) diamond drill holes totaling 3,617 metres that intersected 1,208 metres of Early Joli Fou and Pense kimberlite, confirming significant new intersections of kimberlite on the western flank and southern part of the OS Kimberlite. These significant new kimberlite intersections (up to 112 metres) extend the existing 100 metre grid drilling program already completed on OS. The major kimberlite intersections by hole of the core drilling program. The core will be logged in detail by Shore geologists and the results will be added to the existing Geological Model, expanding the Model to the west and the south. The LDD program included twelve 24 inch holes totaling 2,559.9 metres that sampled a total of 1,027.48 metres of EJF and Pense kimberlite units within the OS Kimberlite. A total of 439 wet recovered tonnes of kimberlite, in 97 samples, was collected from the twelve LDD holes. The kimberlite intersections and sample details of the LDD program. The samples are in the process of being shipped to Rio Tinto Canada Diamond Exploration Inc's. Thunder Bay Mineral Processing Laboratory (ISO 9001:2008 Certified). This laboratory was chosen for the commercial macrodiamond (+1.00 millimetre) recovery from the LDD kimberlite samples as its sample processing flow-sheet closely replicates that used in the past by the Shore on-site bulk sampling plant.

Shore Gold Inc. Updates on Diameter Drilling Program on the Orion South Kimberlite

Shore Gold Inc. announced that the large diameter drilling program on the Orion South Kimberlite has commenced. The mobilization of LDD equipment started last week and drilling has now commenced. This LDD program has been preceded by core drilling to confirm kimberlite thickness and geological continuity beyond the existing grid drilling completed on the Orion South Kimberlite. The LDD program, consisting of up to twelve 24 inch holes, aims to estimate macro-diamond (+0.85 millimetre) grade information from strategically located drillholes. The planned LDD program targets up to 2,600 metres of drilling, including some 1,440 metres in overburden and 1,160 metres of kimberlite, down to a maximum depth of about 250 metres below surface. The LDD program, which uses the reverse flood method of drilling, is being undertaken by Foraco Canada Limited. To date, eight holes have been completed in the NQ core drilling program, which was commenced on the Orion South Kimberlite in late March. A total of 1,596 metres of core drilling has been completed and 495 metres of kimberlite has been intersected. Due to the thickness of kimberlite intersected, the core drilling program has been expanded and will continue, with at least six holes remaining to be drilled. This core drilling extends the existing 100 metre grid drilling program already completed on the Orion South Kimberlite.

Shore Gold Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Shore Gold Inc. announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company recorded net and comprehensive loss of $1.2 million compared to a $1.0 million for the same period a year ago. Cash outflows from operating activities were $1.0 million against $0.7 million a year ago. The losses during these quarters were due to operating costs and exploration and evaluation expenditures incurred by the Company exceeding interest income earned on cash and cash equivalents and short-term investments. Losses during the three months ended March 31, 2015 were higher than the same period in the previous year primarily due to expenditures incurred relating to the 2015 drilling program.


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