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Star Diamond sparkles as Rio moves to snap up FalCon stake

Star Diamond (TSX: DIAM) shares jumped nearly 50% on Friday as it said Rio Tinto Exploration Canada wanted to acquire a majority stake in its diamond project in Saskatchewan, years ahead of schedule.

Star Diamond sparkles as Rio moves to snap up FalCon stake Star Diamond sparkles as Rio moves to snap up FalCon stake Star Diamond sparkles as Rio moves to snap up FalCon stake Star Diamond sparkles as Rio moves to snap up FalCon stake Star Diamond sparkles as Rio moves to snap up FalCon stake

Star Diamond diamonds from Project FalCon in Saskatchewan

Star Diamond had acquired Newmont's interest in the Fort à la Corne project, dubbed Project FalCon, in mid-2017 and concurrently entered an option to joint venture agreement over up to 60% of