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ADD Arctic Star Exploration Corp

0.04
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Arctic Star Exploration Corp TSXV:ADD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.04 0.035 0.04 0.04 0.035 0.035 30,100 16:55:58

Arctic Star to Commence Drilling on Its Redemption Diamond Project

16/04/2013 2:32pm

Marketwired Canada


Arctic Star Exploration Corp. (TSX VENTURE:ADD) (the "Company" or "Arctic Star")
is pleased to announce that it has engaged the services of Peak Drilling. The
drill rig and crew have mobilized to the 100% owned Redemption Diamond Project
located in the Lac de Gras diamond fields in the Northwest Territories (NT). 


Several compelling Geophysical targets will be drill tested, one of which is
located at the head of the South Coppermine Diamond Mineral train. The South
Coppermine indicator mineral train has excellent diamond indicator mineral
chemistry. It includes numerous pyrope garnets, high-magnesium ilmenites, chrome
diopsides, chromite, and eclogitic garnets. All of these indicator minerals
exhibit compositions that are related to strong diamond mineralization.
Furthermore, micro-diamonds were recovered from this train, confirming the
source is mineralized with diamonds. The indicator minerals are also very
angular, have soft alteration coats and some are even attached to kimberlite,
all evidence that the source is close by. 


In the Lac de Gras area, there are already three producing diamond mines, Ekati
(32 km from Arctic Property), Diavik (47 km from Arctic property), and Snap Lake
(97 km distant). These are comprised of a number of economic diamond kimberlite
pipes and dykes within a prolific diamond field consisting of more than 200
kimberlites. 


The author of this news release is Mr. Buddy Doyle, MAusIMM, a geologist of 30
years experience, 20 years of which is in diamond exploration. The qualified
person is Kevin Kivi, P Geol., a geologist with 20 years experience in diamond
exploration.


The company also encourages the reader to visit our website for an updated
company presentation, which includes maps, as well as geophysical and
geochemical data. To see images of the South Coppermine Target please visit the
company's web site at www.arcticstar.ca.


ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.

Patrick Power, President

Forward Looking Statements

This press release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events such as: (a) the
drilling of kimberlite targets; and (b) the likelihood that the property has
diamonds or other commercial mineralization. Such forward-looking information
can include statements based on current expectations involving a number of risks
and uncertainties and are not guarantees of future performance of Arctic.
Factors which can materially change the results of the forward looking
statements include factors such as the approval of the transaction by the
Exchange, our ability to raise financing to pay our obligations, our ability to
contract equipment and labor, current economic conditions and the state of
mineral exploration and mineral prices in general . These risks and
uncertainties could cause actual results and Arctic's plans and objectives to
differ materially from those expressed in the forward-looking information. These
and all subsequent written and oral forward-looking information are based on
estimates and opinions of management on the dates they are made and expressly
qualified in their entirety by this notice. Except as required by law, Arctic
assumes no obligation to update forward-looking information should circumstances
or management's estimates or opinions change.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Arctic Star Exploration Corp.
Patrick Power
President
(604) 689-1799
(604) 689-8199 (FAX)
info@arcticstar.ca
www.arcticstar.ca

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