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RAPAPORT... Shore Gold Inc. posted a loss of $2.2 million for the second quarter that ended on June 30, which was down from a loss of $4 million one year ago. Revenue was minimal for the mineral explorer as it prepares a revised environmental impact statement (EIS) for its Star–Orion South Diamond Project and continues to seek capital. The Star–Orion South Diamond Project is located in the Fort à la Corne kimberlite field in central Saskatchewan, Canada. The Star–Orion South Diamond Project includes Shore Gold's own Star Diamond Project as well as Star West and the Orion South kimberlite, which fall within the adjacent Fort à la Corne joint venture it holds with Newmont Canada FN Holdings. Shore Gold is focused on completing federal and provincial requirements for project approval and permitting, while pursuing development capital. For the first six months of 2012, Shore Gold recorded a loss of $6 million or 3 cents per share, compared with a $5.3 million or 2 cents per share one year ago. Shore Gold held interest-bearing short-term deposits, while ensuring funds were available to meet cash outflow requirements associated with the exploration and evaluation projects and for general corporate matters. For the first half, it recorded interest and other revenue of $75,000, up from $62,000 one year ago.
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