Arctic Star Announces Management Changes
Momentum Public Relations
Press Release: October 23, 2018
Arctic Star Exploration Corp. (TSXV: ADD) (“Arctic Star” or the “Company”) is pleased to report that Executive Chairman and Director Patrick Power, has been appointed as President and Chief Executive Officer. Scott Eldridge has resigned as President and Chief Executive Officer, and will remain with Arctic Star as a Director. In the new corporate structure, effective immediately, Mr. Power will assume all operational duties.
Patrick Power is a seasoned venture capitalist and financier with over 20 years of experience as a stock market professional and as director of public companies. Arctic Star benefits from Mr. Power’s wealth of experience as a savvy deal maker, an adept financier and as a results-driven leader of dynamic public companies. The company enjoys Mr. Power’s large network of contacts within the industry.
About Arctic Star
The Company owns 100% of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 193,700 Ha Exploration Reservation near the town of Kuusamo, in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. Arctic has commenced its exploration in Finland on the Timantti Project, where four diamondiferous kimberlite bodies may represent the first finds in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap). Arctic Star has a highly experienced diamond exploration team previously responsible for several world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
Patrick Power, Chief Executive Officer
ppower@arcticstar.ca
+1 (604) 218-8772
- Published in Arctic Star Exploration, Mining, News Home
Arctic Star Announces Diamond Results from Black and Grey Wolf Kimberlites, Timantti Project, Finland
Momentum Public Relations
Press Release: October 4, 2018
Arctic Star Exploration Corp (TSXV: ADD) (FSE: 82A1) (OTCQB: ASDZF) (“Arctic Star” or the “Company”) is pleased to announce it has received the final caustic fusion diamond results from drill testing the Black and Grey Wolf kimberlites, obtained from the 2018 Spring diamond drilling program. The results for the Black Wolf kimberlite from 349.75 kg of split HQ size drill core are shown in Table 1, the results from Grey Wolf are shown in Table 2.
Table 1: Micro Diamond Assay Results, Black Wolf Kimberlite
Kimberlite |
Sample
Weight Kg
|
+0.106
mm
|
+0.15
mm
|
+0.212
mm
|
+0.3
mm
|
+0.425
mm
|
+.60
mm
|
+.85
mm
|
+1.18
mm
|
Total
Stones
|
Black Wolf | 349.75 | 267 | 138 | 87 | 45 | 16 | 3 | 3 | 0 | 559 |
Notes: Results are from SRC of Saskatoon. SRC is independent of the Issuer. A chain of custody protocol was used. Sample weights are dry weights. SRC is an ISO 9000 laboratory.
Table 2: Micro Diamond Assay Results, Grey Wolf Kimberlite
Kimberlite |
Sample
Weight Kg
|
+0.106
mm
|
+0.15
mm
|
+0.212
mm
|
+0.3
mm
|
+0.425
mm
|
+.60
mm
|
+.85
mm
|
+1.18
mm
|
Total
Stones
|
Grey Wolf (Drill) | 101.66 | 29 | 14 | 13 | 8 | 1 | 1 | 0 | 0 | 66 |
Grey Wolf(Trench) | 99.98 | 28 | 18 | 20 | 8 | 1 | 2 | 0 | 1 | 78 |
Total | 201.64 | 57 | 32 | 33 | 16 | 2 | 3 | 0 | 1 | 144 |
Notes: Results are from Microlithics. Microlithics is independent of the Issuer. A chain of custody protocol was used. Sample weights are dry weights. Microlithics is an ISO 9000 laboratory.
A diamond that sits on the 0.85mm sieve was also reported from the Grey Wolf trench samples in an 18kg sample sent for indicator mineral analysis.
Table 3: Micro Diamond Assay Results, White Wolf Kimberlite
Kimberlite | Sample
Weight Kg
|
+0.106
mm
|
+0.15
mm
|
+0.212
mm
|
+0.3
mm
|
+0.425
mm
|
+.60
mm
|
+.85
mm
|
+1.18
mm
|
Total
Stones
|
White Wolf | 409.93 | 516 | 253 | 136 | 81 | 27 | 16 | 7 | 5 | 1,032 |
Notes: Results are from Microlithics and SRC laboratories, both independent of the Issuer. A chain of custody protocol was used. Sample weights are dry weights. Microlithics and SRC are ISO 9000 laboratories.
Arctic Star completed first pass exploration and delineation drilling on the Timanitti Diamond Project in March this year and located four separate kimberlites. This release completes results expected from this drill program. Table 3 showing the results from the White Wolf kimberlite are also given here for completeness and easy comparison.
Arctic Star’s management and exploration team are pleased to see that each of the kimberlites discovered to date contain diamonds and are significantly mineralised when compared to other exploration projects worldwide at this stage of exploration. Based on laboratory descriptions of the diamonds the majority are white in colour and octahedral in shape. Colours are described as white, brown and grey.
Diamond Bearing Wolves
The positive results from the Wolf kimberlites are such that further evaluation work is warranted. These kimberlites where drilled from the perceived centre of the kimberlite to obtain the maximum amount of kimberlite for diamond analysis. This drilling has shown that the “Wolves” are not vertical pipes but bodies dipping to the North — North East at approximately 35 degrees. The Wolves occur in a linear East West trend 300m long with Grey Wolf in the West and White Wolf in the East. The best interpretations to date are that these kimberlites are, “Blows” along a feeder dyke or a fault displaced semi-continuous sill. The next step is to further delineate the Wolves with angled drill holes from the north to intercept the dipping kimberlite. This work would outline the tonnage and allow planning for bulk sampling.
Main Focus, More Kimberlites
However, further exploration of the Wolf kimberlites is seen as secondary. Since kimberlites predominantly occur in groups or families averaging 30 members or more, the main focus will be finding more kimberlites. Thereafter, the kimberlites will be prioritized based on their diamond content. The logistics of bulk sampling a number of kimberlites are superior to sampling a few and it is wiser to sample the best first. Thus, the main task of the next phase of exploration will be geophysics, till sampling, excavator sampling and drilling to discover new kimberlites. There is strong evidence that there are more kimberlites in the area from the till sampling.
Ground and UAV airborne geophysics have revealed numerous magnetic targets similar to the anomalies over the Wolves. Management is confident that more kimberlites will be found. One of the prime targets will be drilling existing magnetic anomaly along the East-West extension of the Wolves.
The company plans to mobilize the excavator and ground geophysical crews in November, with drill testing in early 2019.
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist of over 30 years’ experience in diamond exploration, discovery and evaluation.
About Arctic Star
The Company owns 100% of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 193,700 Ha Exploration Reservation near the town of Kuusamo in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. Arctic has commenced its exploration in Finland on the Timantti Project, where four diamondiferous kimberlite bodies may represent the first finds in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap).
Arctic Star has a highly experienced diamond exploration team previously responsible for several world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
Scott Eldridge, President & CEO
+1 (604) 722-5381
scott@arcticstar.ca
Patrick Power, Executive Chairman
+1 (604) 218-8772
- Published in Arctic Star Exploration, Mining, News Home
Arctic Star Exploration Corp. Enters Option Agreement for Stein Diamond Project Nunavut, Canada
Momentum Public Relations
Press Release: August 23, 2018
Arctic Star Exploration Corp. (TSXV: ADD) (FSE: 82A1) (OTCQB: ASDZF) (“Company”) is pleased to announce that it has entered into an Option Agreement with GGL Resource Corp. (TSXV: GGL) (“GGL”) to earn a 60% interest in Arctic Star’s wholly owned Stein Diamond Project, Nunavut Canada.
The Stein Diamond property consists of 4 contiguous prospecting permits covering an area of 1,065 square kilometers on the Southern Boothia Peninsula, 45 kilometers from tide water. It is located 85 kilometers northwest of the community of Taloyoak, Nunavut which is serviced daily by commercial flights and seasonally by barge.
Stein is an advanced diamond exploration project having the benefit of numerous successive exploration campaigns and over $1.5 million in previous exploration expenditures. This historic work included multiple seasons of heavy mineral sampling in which kimberlitic indicator minerals were followed in the up-ice direction to a region believed to be the source area. This area was subsequently flown with detailed airborne magnetic surveys. No kimberlite drill testing has been conducted on the project to date.
The indicator mineral suite contains grains that are indicative of diamond inclusion chemistry showing high chrome, low calcium G10D pyrope garnets. The detailed airborne magnetic surveys have identified numerous high priority targets that have signatures similar in characteristics to kimberlites found elsewhere in Canada’s north. The Stein project is further complimented with the existence of a major structural feature identified on regional government airborne magnetic surveys which is greater than 100 kilometers in length and traverses the area of the project containing the high priority targets. In fields elsewhere, kimberlites can be geologically observed exploiting larger structural features and utilizing them as conduits for emplacement.
The nearest known kimberlite discovery is over 230 kilometers to the southeast and perpendicular the regional ice flow direction. The distance and direction greatly reduces the potential for the Stein mineral grains being an overprint from this field.
Historically, the Stein project was identified and advanced by previous explorers from 2004 to 2008 with a small amount of additional work in 2011. The Global Financial Crisis in 2008 and resulting inability to fund exploration programs essentially halted significant advancement of the project as the next step was to drill test the compelling geophysical targets with associated supporting geochemistry. The lack of advancement caused the mineral tenure to lapse. Arctic Star reacted to this opportunity and acquired the mineral rights in 2015. Arctic Star’s recent focus and deployment of resources has been the ongoing successful exploration of the Timantti Diamond Project in Finland, leaving Stein in portfolio yet to be advanced to drill testing.
GGL can acquire a 60% undivided interest in the Stein Project by conducting detailed ground geophysics on high priority airborne targets and discovering kimberlite by drilling, trenching or in outcrop. Once kimberlite is discovered, a Joint Venture is triggered with an initial 60/40 contributing relationship.
The Company is pleased to be partnered with Arctic Star on this compelling diamond project which is on the cusp of potentially delivering a new, yet undiscovered Canadian kimberlite field. The project has a Class A land use permit which includes drilling.
Nunavut represents a favorable mining and exploration jurisdiction both globally and within Canada. Canadian junior diamond explorers such as Peregrine Diamonds Ltd. (Chidliak Project), Dunnedin Ventures Inc. (Kahuna Project) and North Arrow Minerals Inc. (Mel and Nuajaat Projects) have successfully conducted drilling programs in Nunavut during the 2017 — 2018 seasons. Nunavut currently has three operating mines, one of which received operational status as recently as 2017.
The technical information in this news release has been approved by David Kelsch, P.Geo, President of GGL Resources Corp. and a qualified person for the purposes of National Instrument 43-101.
About Arctic Star
The Company owns 100% of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 193,700 Ha Exploration Reservation near the town of Kuusamo, in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. Arctic has commenced its exploration in Finland on the Timantti Project, where four diamondiferous kimberlite bodies may represent the first finds in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap).
Arctic Star has a highly experienced diamond exploration team previously responsible for several world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
Scott Eldridge, President & CEO
+1 (604) 722-5381
scott@arcticstar.ca
Patrick Power, Executive Chairman
+1 (604) 218-8772
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: Certain statements in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this press release include that the Timantti Project transaction is a pre-eminent opportunity.
- Published in Arctic Star Exploration, Mining, News Home
ARCTIC STAR REPORTS SPRING EXPLORATION PROGRAM RESULTS FROM DIAGRAS PROPERTY, NORTHWEST TERRITORIES, CANADA
Momentum Public Relations
Press Release: July 31 2018
Arctic Star Exploration Corp.(ADD:V) has provided an update on the outcome of its 2018 spring exploration program on its Diagras property (located in the Northwest Territories, Canada). Diagras is a contributing joint venture between Arctic Star, which holds a 40-per-cent interest, and Margaret Lake Diamonds Inc., which holds a 60-per-cent interest, and acts as project operator.
Diagras property
Exploration at Diagras consisted of gravity, magnetic and electromagnetic (EM) ground surveys focused around historically identified kimberlites as well as other airborne geophysical anomalies with kimberlite-like signatures. This groundwork is designed to develop targets for a spring 2019 drill program.
Diagras is located in the prolific Lac de Gras diamond field just 35 kilometres from the world-class Diavik diamond mine. The property lies directly on trend with the Diavik deposits currently being mined by a joint venture between Rio Tinto and Dominion Diamond Diavik. The Diagras land package consists of 18,699 contiguous hectares of mineral claims containing 12 previously identified kimberlites.
Fieldwork was completed by Aurora Geosciences Ltd. (AGL) and Initial Exploration Services Inc. (IES) between May 27 and June 6, 2018. The surveys targeted kimberlite intrusions and were designed to investigate areas proximal to known kimberlites as well as explore new target areas. Warm temperatures during the time of the surveys caused a rapid snowmelt and flooding of the ice-covered lakes. The conditions forced a premature end to the program leaving some of the planned target areas untested. This work is planned to be completed in 2019.
A total of 133 gravity stations, 152 line kilometres of magnetics and 11.2 line kilometres of OhmMapper survey were completed.
Drill targets identified
Of the surveys conducted this year, DG007, HL02 and Suzanne have emerged as interesting, drillable targets, showing evidence of multiphase kimberlite complexes.
At Suzanne, a combined EM and gravity anomaly distinctly breaks a diabase dike, with a separate magnetic low to the south. The company has not located the previous drill holes, but it is likely they targeted either the EM or the magnetic anomaly, but not both. The anomaly is large enough (250 m) to deserve more than one drill hole to search for different phases.
At HL02, two long-angle holes from the shoreline (the anomaly is in a lake) were targeted and completed within this kimberlite by the previous explorers. The magnetic signature in this area is complex, suggesting the possibility of untested phases. The partly completed EM survey conducted this year shows an EM anomaly associated with the kimberlite but not tested directly by previous drilling.
At the DG007 anomaly, previous explorers targeted a classic Lac de Gras, magnetic and EM anomaly. Two holes were drilled but failed to explain this anomaly, intersecting only granite. One of the drill collars has been found in the field and its position is displaced from that reported in assessment files, possibly due to GPS (global positioning system) errors. Drilling to properly explain this target, which the company believes is likely to be kimberlite, is required.
The joint venture was also successful using this strategy during the spring 2017 exploration program. This work revealed gravity and EM anomalies proximal to known magnetic kimberlites that constitute compelling drill targets. At the Jack Pine kimberlite, which is one of the largest kimberlite complexes in the Lac de Gras diamond field (over 1.5 km in its longest dimension), the geophysical methods (ground gravity, EM and magnetics) highlighted obvious magnetic kimberlite phases drilled by previous explorer De Beers Canada while also successfully defining a new kimberlite-like geophysical expression, in the form of coincident gravity and EM anomalies. At the Black Spruce kimberlite, a series of gravity lows occur adjacent to the south of the known magnetic phase of the kimberlite. One of these gravity anomalies clearly breaks and disturbs a diabase dike, a common characteristic of many Lac de Gras kimberlites.
The company now has drill targets with high potential to discover new kimberlite or untested kimberlite phases in one of the best diamond addresses in the world, close to the operating Ekati and Diavik diamond mines.
Future plans Diagras project
The company plans to drill test the referenced targets as well as generate more targets through an expanded ground geophysical and drill program in spring 2019.
Qualified person
The qualified person for this news release is Buddy Doyle, AUSIMM, a geologist of over 30 years experience in diamond exploration, discovery and evaluation.
About Arctic Star Exploration Corp.
The company owns 100 per cent of the recently acquired Timantti diamond project, including a 243-hectare exploration permit and a 193,700-hectare exploration reservation near the town of Kuusamo, in Finland. The project is located approximately 550 kilometres southwest of the operating Grib diamond mine in Russia. Arctic has commenced its exploration in Finland on the Timantti project, where four diamondiferous kimberlite bodies may represent the first finds in a large kimberlite field. The company also controls diamond exploration properties in Nunavut (Stein), the Northwest Territories (Diagras and Redemption) and a rare metals project in British Columbia (Cap).
We seek Safe Harbor.
- Published in Arctic Star Exploration
Arctic Star Announces The First Diamond Results From The Spring 2018 Drilling On The Timantti Project, Finland
Momentum Public Relations
Press Release: June 5 2018
Arctic Star Exploration Corp (TSXV: ADD) (FSE: 82A1) (OTCQB: ASDZF)(“Arctic Star” or the “Company”) is pleased to announce it has received the first diamond results from its Spring drill program on its 100% owned Timantti Diamond Project near Kuusamo, Finland (the “Project”). The results are from 79.95kg of split HQ size drill core from the initial drill hole, WW-001 on the White Wolf kimberlite, one of the four known diamondiferous kimberlite bodies on the Project area.
The results are shown below in Table 1 which also gives the caustic fusion results previously received from White Wolf. The analyses are consistently reporting more than 100 stones per 100kg. The Company is also encouraged by these sets of results that have provided more than one 1.18mm stone for every 100kg of sample processed.
The Company expects to now receive a constant stream of results as the laboratories process the core from approximately 18 more kimberlite intercepts on the Project. To expedite this process, the Company is now using two laboratories in Canada, Microlithics in Thunder Bay and SRC in Saskatoon.
Table 1: Micro Diamond Assay Results, White Wolf Kimberlite
Kimberlite | Sample Weight Kg |
+0.106 mm |
+0.15 mm |
+0.212 mm |
+0.3 mm |
+0.425 mm |
+.60 mm |
+.85 mm |
+1.18 mm |
Total Stones |
White Wolf current | 79.95 | 53 | 24 | 17 | 4 | 6 | 0 | 0 | 1 | 105 |
White Wolf previous | 67.55 | 70 | 61 | 24 | 15 | 3 | 5 | 0 | 1 | 169 |
White Wolf total | 147.60 | 123 | 85 | 41 | 19 | 9 | 5 | 0 | 2 | 274 |
Notes: New results are from Microlithics Laboratories Inc., of Thunder Bay, ON (“Microlithics”) which is independent of the issuer and is not an ISO lab. Previous results also include those from SRC of Saskatoon. SRC is independent of the Issuer and is ISO accredited. A chain of custody protocol was used. Diamonds results reported using CIM guidelines.
Arctic Star completed first pass delineation drilling on the White Wolf kimberlite in March. Since then the drill holes have been logged, split and dispatched. Table 2 lists the drill holes completed at the White Wolf kimberlite in 2018 along with their kimberlite intercepts. The holes were drilled to obtain sample for caustic fusion and to further delineate the kimberlite. Each hole intercepted kimberlite after passing through the overburden, which is only a few meters deep at this locality. The holes were then completed when they passed out of the kimberlite into the surrounding country rock.
Table 2: Drill Intercepts from White Wolf Kimberlite 2018
Hole No. | Easting (m) |
Northing (m) |
Bearing/Dip (degrees) |
Total Depth |
From (m) |
To (m) |
Kimberlite (m) |
Description |
WW-001 | 4470858 | 7335700 | 55/45 | 56.5 | 4.2 | 47.75 | 43.55 | Kimberlite |
WW-001B | 4470858 | 7335700 | 55/60 | 56.5 | 5.1 | 23.3 | 18.2 | Kimberlite |
WW-002 | 4470874 | 7335713 | 55/55 | 40.0 | 3.3 | 34.75 | 31.45 | Kimberlite |
WW-002B | 4470715 | 7335710 | 135/60 | 26.4 | 4.4 | 21.65 | 17.21 | Kimberlite |
Notes: Co-ordinates use the KKJ system. Core diameter is 57mm. Intercepts are not true widths as the holes were collared in kimberlite. The Country Rock consisted of quartzites, and greenstones, with occasional quartzite xenoliths in the kimberlite up to 1m diameter.
The diamond results reported here are from the initial hole WW-001. Arctic now has samples from boulder float at the surface, from resampling historic drill core and from its own drilling and all confirm the kimberlite to be diamondiferous. A total of approximately 360kg of sample from the White Wolf kimberlite has now been sent for analysis from this season’s drilling, including the results reported here. Similar size samples have been taken from the other kimberlites in this cluster, the Black Wolf and Grey Wolf kimberlites. The Company’s goal at present is to accumulate enough diamond data so that predictions of grade using conventional graphical techniques can be made.
Once all the current micro-diamonds sample results are reported, the Company will make decisions on continuing the diamond evaluation process on these kimberlites. This work would include further delineation drilling of the individual kimberlites with caustic fusion analyses, the relationship of these bodies to one another in order to determine available tonnage, followed by three-dimensional bulk sampling to get more precise estimates of the grade and to determine the average value of the diamonds.
Importantly, the Company is also focused on finding more kimberlites in the area, with ongoing exploration including esker and till sampling and focused airborne and ground geophysical surveys, all designed to generate multiple drill targets.
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist of over 30 years’ experience in diamond exploration, discovery and evaluation.
About Arctic Star
The Company owns 100% of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 95,700 Ha Exploration Reservation near the town of Kuusamo in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. Arctic has commenced its exploration in Finland on the Timantti Project, where four diamondiferous kimberlite bodies may represent the first finds in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap).
Arctic Star has a highly experienced diamond exploration team previously responsible for several world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
Scott Eldridge, President & CEO
+1 (604) 722-5381
scott@arcticstar.ca
Patrick Power, Executive Chairman
+1 (604) 218-8772
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: Certain statements in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this press release include that the Timantti Project offers high potential for numerous further diamond-bearing kimberlite discoveries; Arctic’s drilling and surveying plans and the expected outcome of those plans; that Arctic can swiftly discover more kimberlite on the property; that the Wolf kimberlites themselves may have the potential to be economic
The Wolf kimberlite assets have not been the subject of any recent resource work, much less a feasibility study and as such there is no certainty that any future resource will be defined or that the assets will be able to produce a commercially marketable product. There is a significant risk that any future efforts at the project will not demonstrate any merit for evaluation work to progress to a defined NI 43-101 compliant resource and economic study. General risks inherent in the Project include the reliance on available data and assumptions and judgments used in the interpretation of such data, the speculative and uncertain nature of exploration and development, exploration and development costs, capital requirements and the ability to obtain financing, volatility of global and local economic climates, possible political instability, share price volatility, estimate price volatility, changes in equity markets, increases in costs, exchange rate fluctuations and other risks involved in the mineral exploration and development industry. There can be no assurance that the forward-looking statements or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors described are beyond our control. Accordingly, readers should not place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update any forward-looking statements or information except as required by law.
- Published in Arctic Star Exploration
Arctic Star Reports Positive Results in Finland: Best Diamond Results Found in Finland
Momentum Public Relations
Blog: June 4 2018
Diamonds Are Forever
Arctic Star Reports Positive Results in Finland: Best Diamond Results Found in Finland
Monster Diamonds found by Lucara
The surprising thing about diamonds is that people pay so much for them. The price was controlled for a very long time by De Beers which prevented too many diamonds from hitting the market at the same time to keep the price up.
De Beers also controlled diamond marketing and so is also responsible for that ubiquitous slogan, Diamonds are Forever.
The value of diamonds benefits from a superb marketing effort that has lasted for generations and convinced much of the global middle and upper classes that diamonds are the only way to express your love.
And then there is the lasting effect of Marilyn Munro singing “Diamonds Are a Girl’s Best Friend,” in the movie version of Gentlemen Prefer Blondes.
For something which is really only valuable as an industrial cutting tool, diamonds have secured an emotional value that has captured and held the imagination for a very long time. Diamonds show no indication of losing the monetary value associated with them.
Over the recent past the diamond market has been in a bit of a doldrum as millennials with cash to burn look to other luxury items. This will probably become just a market blip lasting as long as it takes the marketing machine to get revved up again. Then again, that may not be necessary. In a January 8, 2018 report the CBC quoted diamond analyst Paul Zimnisky predicting that the price of rough diamonds will increase by as much as four percent this year.
Unlike copper, gold or silver which regularly go in and out of high demand and high value cycles, as a commodity diamonds just appear to sit there looking pretty with an almost constant value, going up or down in cost in the low single digits.
This year, 2018, may just go down in the history books as the monster year of enormous diamond finds. On April 26, 2018 Bloomberg News reported in a headline: Another Week and Another Huge Diamond Is Found in Botswana.
The story reports that Lucara Diamond has just discovered a 327 carat white diamond at its mine in Botswana, hard on the heels of discovering a 427 carat light brown one. In comparison, most diamonds used in jewelry are in the one to two carat range.
Last year, Lucara sold a 1,109 carat diamond, the second biggest so far discovered for US$53 million. Last year Lucara also sold an 813 carat diamond for US$63 million. Lucara is not alone. Gem Diamonds Ltd. discovered a 910 carat diamond in Lesotho this year that it has already sold for US$40 million.
Along their way to the marriage ceremony or engagement party diamonds took a detour when they became the preferred way of financing murder and mayhem in Africa. This stigma has been done away with by the development and continuing exploration of diamond fields in Canada and Russia.
If matters pan out those productive diamond fields will soon be joined by the Timantti Diamond Project in Finland. Canadian junior Arctic Star Exploration has assembled a dream team of diamond finders who believe that the diamond rich Russian pipes extend into Finland and recent exploration results back up this theory.
There is a certain amount of wisdom in adages and folk sayings. In mining there is the one that goes, “The best place to find a gold mine is next to a gold mine.” This can be followed up by saying that the best person to find a diamond mine is someone who has found one before. Arctic Star’s exploration team is run by two of the most experienced diamond finders now working. Among other discoveries Buddy Doyle found the Diavik diamond mine in Northern Canada and Roy Spencer discovered the Grib diamond mine in Russsia. Both are multi-billion dollar mines.
In an April 16, 2018 press release Arctic Star’s Vice-President of Exploration Buddy Doyle said, “We are greatly encouraged by the results, to date. So far every kimberlite we have discovered on the Timantti property has proven to be diamondiferous. We are particular pleased by the results from the Wolves, as demonstrated from table 3, these are the best diamond results to date ever reported from Finland, at least at this initial discovery phase. We look forward to adding to this as the diamond results from our drilling become available.”
Arctic Star has a 100% interest in the 243 hectare Timantti property and exclusive exploration rights for two years on a further 95,700 hectares. The Finnish property is in the same geological belt as both the Russian multi-billion dollar Grib and Lomonsov diamond mines. The company is well financed and just finished an over-subscribed private placement for more than a million dollars.
To further pique your interest in Arctic Star, the company is far from being a one trick pony. It has three more highly prospective diamond projects in the Canadian north, the Diagras project, a joint venture with Margaret Lake, located close to and in the same geological formations as the multi-billion dollar Diavik diamond mine, the 100% owned Stein Diamond Project which has six drill ready targets and Redemption, which is close to the two major discoveries, Ekati and Diavik, that sparked the Canadian diamond exploration rush.
Just for variety, along with its four diamond projects Arctic Star also has a rare earth elements project in British Columbia called Cap. One way or another the odds appear stacked in Arctic Star’s favour.
- Published in Arctic Star Exploration, Blog
Arctic Star Announces Commencement of Exploration at Diagras Property, Northwest Territories, Canada and Private Placement
Momentum Public Relations
Press Release: May 30 2018
Arctic Star Exploration Corp (TSXV: ADD) (OTCQB: ASDZF) (FSE: 82A1) (“Arctic Star” or the “Company”) is pleased to report that exploration has commenced on its Diagras Property (“Diagras” or the “Property”) located in the Northwest Territories, Canada. Diagras is a contributing Joint Venture (the “Joint Venture”) between Arctic Star, which holds a 40% interest, and Margaret Lake Diamonds Inc. which holds a 60% interest, and acts as project operator.
The exploration program will consist of Gravity, Magnetic and Electromagnetic (EM) ground surveys focused around historically identified kimberlites as well as other airborne geophysical anomalies with kimberlite like signatures. This ground work will provide detailed data for further analysis and interpretation to identify additional kimberlite potential and targets.
Diagras is located in the prolific Lac de Gras diamond field, Northwest Territories, Canada and just 35 km from the world-class Diavik diamond mine. The Property lies directly on trend with the Diavik deposits currently being mined by a joint venture between Rio Tinto and Dominion Diamond Diavik. The Diagras land package consists of 18,699 contiguous hectares of mineral claims containing 12 previously identified kimberlites.
Diagras Land Package within Lac de Gras Diamond Field
To view an enhanced version of the Diagras Land Package within Lac de Gras Diamond Field, please visit: [http://orders.newsfilecorp.com/files/4806/34925_a1527685801637_98.jpg]
Detailed, modern ground geophysical techniques are being employed to define possible additional kimberlite(s) or kimberlite phases missed by previous explorer De Beers Canada, who did not utilize all these techniques. This exploration approach has been successful elsewhere and recent examples include the discoveries of additional diamondiferous kimberlite at the Kelvin and Faraday kimberlite complex (Kennady North project). A second example that further validates the exploration premise is the Tli-Kwi-Cho DO 27, DO18 kimberlite complex also located in the Lac de Gras diamond field. It comprises multiple eruptive/intrusive events of kimberlite, each of a different style and with different geophysical expressions (Mag only, Mag and EM, Gravity, EM and Gravity).
2017 Exploration Program
The Joint Venture was also successful using this strategy during the spring 2017 exploration program. This work revealed gravity and EM anomalies proximal to known magnetic kimberlites that constitute compelling drill targets. At the Jack Pine kimberlite, which is one of the largest kimberlite complexes in the Lac de Gras diamond field (over 1.5km in its longest dimension), the geophysical methods (ground gravity, EM and magnetics) highlighted obvious magnetic kimberlite phases drilled by previous explorer De Beers Canada while also successfully defining a new kimberlite-like geophysical expression. This area remains to be drill tested. Previous drilling elsewhere in the Jack Pine kimberlite complex has demonstrated it is diamond bearing. Targets of great interest were also generated in 2017 at the Black Spruce kimberlite. A series of gravity lows occur adjacent to the south of the known magnetic phase of the kimberlite. One of these gravity anomalies clearly breaks and disturbs a diabase dyke, a characteristic similar to known Lac de Gras kimberlites.
Private Placement
Additionally, Arctic Star is pleased to announce a non-brokered private placement (the “Private Placement”) of 1,130,000 units (the “Units”) at a price of $0.17 per Unit, for gross proceeds of $192,100. Each Unit will be comprised of one common share in the capital of the Company (each, a “Share”) and one non-transferable share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to purchase one additional Share in the capital of the Company (each, a “Warrant Share”) for a period of 24 months from the closing date at an exercise price of $0.25.
All securities will be subject to a four-month hold period from the closing date. The Private Placement is subject to TSX Venture Exchange (“TSXV”) approval.
The Company intends to use the proceeds from the Private Placement for exploration on the Timantti and Diagras Diamond Projects and for general working capital.
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist of over 30 years’ experience in diamond exploration, discovery and evaluation.
About Arctic Star
The Company owns 100% of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 95,700 Ha Exploration Reservation near the town of Kuusamo, in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. Arctic has commenced its exploration in Finland on the Timantti Project, where four diamondiferous kimberlite bodies may represent the first finds in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap).
Arctic Star has a highly experienced diamond exploration team previously responsible for several world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
Scott Eldridge, President & CEO
+1 (604) 722-5381
scott@arcticstar.ca
Patrick Power, Executive Chairman
+1 (604) 218-8772
- Published in Arctic Star Exploration
Arctic Star Announces 100% Increase to Land Position, Timantti Project, Finland
Momentum Public Relations
Press Release: May 10 2018
Arctic Star Exploration Corp. (TSXV: ADD) (OTCQB: ASDZF) (FSE: 82A1) (“Arctic Star” or the “Company”) is pleased to announce that it has increased its land position by 100% on the Timantti Diamond Project in Finland (the “Project”). The Project now comprises a total of 193,700 Ha under an Exploration Reservation, representing a district scale land package that is 100% owned with no underlying royalties.
Highlights:
- The Timantti Diamond Project has increased by 98,000 Ha, for a total land package of 193,700 Ha.
- The new Exploration Reservation package extends the pre-existing land package to the south where previous work has discovered at least one kimberlite body.
- The new Exploration Reservation was acquired directly from the Finish Mining Authority at an approximate acquisition cost of $3,750 CDN plus associated legal costs.
- The Company has applied for and anticipates it will receive an Exploration Permit in short order for the new ground to thus begin exploration activity this summer.
+1 (604) 218-8772
- Published in Arctic Star Exploration
Arctic Star Announces Diamonds Recovered from the New Kimberlite Discoveries, Timantti Project, Finland
Momenum Public Relations
Press Release:April 16 2018
Arctic Star Exploration Corp. (TSXV: ADD) (OTCQB: ASDZF) (FSE: 82A1) (“Arctic Star” or the “Company”) is pleased to announce that it has received diamond results from caustic fusion analyses on the recent kimberlite discoveries within the 100% owned Timantti Diamond Project in Finland (the “Project”), namely the Grey Wolf kimberlite and the Vasa Dykes. Both kimberlitic bodies were discovered by excavator, and these first results are from samples within the discovery pits. In addition, the Company is awaiting caustic fusion analyses results from its diamond drill program.
The results are shown in Table 1, together with the previous caustic fusion results reported by Arctic Star as per the July 26, 2017 news release. The White Wolf and Grey Wolf results are also shown as a combined total as the 2 kimberlitic bodies occur in close proximity.
Table 1: Caustic Fusion Results Timantti Project
Kimberlite | Sample Weight (Kg1,2,3) |
+0.106 mm |
+0.15 mm |
+0.212 mm |
+0.3 mm |
+0.425 mm |
+.60 mm |
+.85 mm |
+1.18 mm |
Total Stones |
Grey Wolf | 99.98 | 28 | 18 | 20 | 8 | 1 | 2 | 0 | 1 | 76 |
Vasa Dykes | 25.74 | 1 | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 11 |
White Wolf | 67.55 | 70 | 61 | 24 | 15 | 3 | 5 | 0 | 1 | 169 |
Total Wolves | 167.53 | 98 | 79 | 44 | 23 | 4 | 7 | 0 | 2 | 245 |
Notes:
1. Samples processed at Microlithics Laboratories Inc., of Thunder Bay, ON (“Microlithics”). Microlithics is independent of the issuer
2. Dry weights
3. The samples followed a chain of custody and were received sealed at the laboratory
4. Diamond results as per CIM guidelines
In general, diamondiferous kimberlites show an exponential relationship between the size and frequency of small diamonds and larger diamonds. Microdiamond counts can thus be used as a semi-quantitative, predictive guide to diamond grade. The higher the diamond count and the more larger diamonds present in a sample, the higher the expected grades for a particular kimberlite. The accuracy and reliability of this grade estimation method increases with the size (weight) of the sample and the numbers of stones.
Arctic Star’s goal at this early stage of the evaluation of the Timantti kimberlites is to gather and process enough caustic fusion sample to give guidance on the grade of each discovery.
For comparison purposes and to understand the significance of these discoveries, the Company has compiled published caustic fusion micro-diamond results from other kimberlites located elsewhere in Finland and recent discoveries Canada.
Table 2: Recent Micro-Diamond Results Comparison
Kimberlite | Sample Weight (Kg) |
+0.106 mm |
+0.15 mm |
+0.212 mm |
+0.3 mm |
+0.425 mm |
+.60 mm |
+.85 mm |
+1.18 mm |
+1.70
mm
|
Total
Stones
|
Rabbits Foot1 | 99.75 | 81 | 40 | 16 | 13 | 5 | 1 | 0 | 0 | 0 | 156 |
Pikoo (150)2 | 582 | 618 | 348 | 150 | 82 | 45 | 32 | 29 | 2 | 2 | 11 |
Seitapeira3 | 100.2 | 28 | 28 | 4 | 7 | 0 | 0 | 0 | 0 | 0 | 67 |
No. 21 Kimberlite4 | 287 | – | 87 | 55 | 29 | 10 | 4 | 0 | 0 | 0 | 185 |
Lahtojoki5 | 1771.17 | – | 410 | 326 | 208 | 102 | 27 | 13 | 7 | 1 | 1096 |
Total Wolves | 167.53 | 98 | 79 | 44 | 23 | 4 | 7 | 0 | 2 | 0 | 245 |
Sources:
1. Rio Tinto Diamonds Exploration Ltd. Assessment Report 2015 Oskabukuta Property near White River, Ontario. Rio Tinto Thunder Bay laboratories
2. North Arrow Minerals website. Saskatchewan Pikoo kimberlite discoveries
3. A kimberlite near Kuhmo, Finland, Karelian Diamond July 2008 NR, Lakefield Laboratories
4. Nordic Diamonds News Release 2002, Koupio Kaavi Kimberlite Field Finland
5. European Diamonds 2004 Koupio Kaavi Kimberlite Field Finland
Table 3: Comparison Caustic Fusion Results Normalize to 100kg Including Ratio of Larger Macro to Smaller Micro Diamonds
Kimberlite | +0.15 mm |
+0.212 mm |
+0.3 mm |
+0.425 mm |
+.60 mm |
+.85 mm |
+1.18 mm |
+1.70 mm |
St/100kg | Ratio >.6/>.425mm |
Rabbits Foot | 40 | 16 | 13 | 5 | 1 | 0 | 0 | 0 | 75 | 0.01 |
Pikoo (150) | 60 | 26 | 14 | 1 | 5 | 5 | 0.3 | 0.3 | 111 | 0.1 |
Seitapeira | 28 | 4 | 7 | 0 | 0 | 0 | 0 | 0 | 67 | – |
No. 21 Kimberlite | 30 | 19 | 10 | 3 | 1 | 0 | 0 | 0 | 63 | 0.01 |
Lahtojoki | 23 | 18 | 12 | 5.7 | 1.5 | 0.73 | 0.39 | 0.056 | 62 | 0.045 |
Total Wolves | 47 | 26 | 14 | 2 | 4.2 | 0 | 1.19 | 0 | 94 | 0.06 |
Note: To date about 30 kimberlites have been discovered in the country of Finland by previous workers, from three main kimberlite fields, Lenturia, Kuhmo and Koupio Kaavi, most discoveries where from the Koupio Kaavi field near Outokumpo, 250km to the SW of Kuusamo where more than 20 separate bodies were found, the most diamondiferous examples from this field are Lahtojoki and 21# shown in table 2 and 3. A result from another field around the town of Kumho is shown from the Seitapeira Kimberlite, 200km to the south of Kuusamo.
Buddy Doyle, VP of Exploration stated, “We are greatly encouraged by the results, to date. So far every kimberlite we have discovered on the Timantti property has proven to be diamondiferous. We are particular pleased by the results from the Wolves, as demonstrated from table 3, these are the best diamond results to date ever reported from Finland, at least at this initial discovery phase. We look forward to adding to this as the diamond results from our drilling become available.”
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist of over 30 years’ experience in diamond exploration, discovery and evaluation.
About Arctic Star
The Company owns 100% of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 95,700 Ha Exploration Reservation near the township of Kuusamo, in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. Arctic has commenced its exploration in Finland on the Timantti Project, where four diamondiferous kimberlite bodies may represent the first discoveries in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap).
Arctic Star has a highly experienced diamond exploration team previously responsible for several world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
Scott Eldridge, President & CEO
+1 (604) 722-5381
scott@arcticstar.ca
Patrick Power, Executive Chairman
+1 (604) 218-8772
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING INFORMATION
This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the Company’s strategic plans, future operations, future work programs and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The diamond results reported here are first pass exploration results and although they encourage further study they do not constitute an “economic” discovery at this time. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
- Published in Arctic Star Exploration
Arctic Star Drills Grey Wolf Kimerlite Discovery, Timantti Diamond Project, Finland
Momentum Public Relations
Press Release: March 26 2018
Arctic Star Exploration Corp (TSXV: ADD) (OTCQB: ASDZF) (FSE: 82A1) (“Arctic” or the “Company”) is pleased to announce that 5 drill holes have been completed at the new kimberlite discovery, called Grey Wolf, on its 100% owned Timantti Diamond Project in Finland (the “Project”). Highlights of the drilling include:
- All 5 holes intersected kimberlite.
- Longest intercept in this drill program was 45m.
- Grey Wolf is part of an east-west 300m long chain of kimberlite open in both directions.
- Core to be sampled for diamonds.
The discovery is in close proximity to the other Wolf kimberlites in the Project area. Split core samples will be sent for caustic fusion for diamonds and diamond indicator minerals.
The following table summarizes the drill intercepts on the Grey Wolf kimberlite discovery:
Hole No. | Easting (m) |
Northing (m) |
Bearing/Dip (degrees) |
Total Depth |
From (m) |
To (m) |
Width (m) |
Description |
GW-001 | 4470715 | 7335710 | 15/45 | 21.7 | 3.5 | 15.5 | 12.0 | Kimberlite |
GW-002 | 4470715 | 7335710 | 105/45 | 42.0 | 3.0 | 38.2 | 35.2 | Kimberlite |
GW-003 | 4470715 | 7335710 | 195/45 | 20.5 | 3.5 | 15.3 | 11.8 | Kimberlite |
GW-004 | 4470715 | 7335710 | 310/45 | 17.5 | 4.4 | 9.9 | 5.5 | Kimberlite |
GW-005 | 4470715 | 7335710 | 105/80 | 47.5 | 2.0 | 47.5 | 45.5 | Kimberlite |
Note: Co-ordinates use the KKJ system. Core diameter is 64.4mm. Maximum true widths will be approximately 70% of the drill intercepts reported if the kimberlite walls are vertical and perpendicular. The Country Rock consisted of quartzites, and greenstones, with occasional quartzite xenoliths in the kimberlite up to 1m diameter.
Visual observation of the core confirms that it contains kimberlitic indicator minerals that demonstrate that the kimberlite sampled the mantle.
As per the February 20, 2018 new release, the Grey Wolf kimberlite was discovered by excavator whilst collecting a basal till sample from the center of a 120m diameter gravity low as determined by our recently completed ground geophysical program. The drill rig was located near one of the discovery pits and commenced drilling angle holes, in the direction of the cardinal points of the compass (north–south, east–west) plus 15 degrees. The final hole was vertical. All entered kimberlite beneath a 3-4m till cover (down hole).
From the present drilling, the Grey Wolf kimberlite seems to be a 20-30m wide body on the same east-west trend as the other Wolf kimberlites to the east, and the D476 dyke to the west. The entire Wolf Pack group of kimberlites: White, Black, Grey and D476 now extend for approximately 300m. Further drilling will be required to understand the geometry and size of these bodies. There are further magnetic, EM and gravity anomalies along the same east-west trend further to the east and the west that will make interesting future drill targets.
The drill rig has now moved to the White and Black Wolf kimberlites to obtain more sample for caustic fusion micro-diamond analysis and to gain further understanding of their size and shape.
The Qualified Person for this news release is Roy Spencer, Fellow AUSIMM, a Geologist of over thirty years’ experience in diamonds.
About Arctic Star
The Company owns 100% of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 95,700 Ha Exploration Reservation near the township of Kuusamo, in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. Arctic has commenced its exploration in Finland on the Timantti Project, where four diamondiferous kimberlite bodies may represent the first discoveries in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap).
Arctic Star has a highly experienced diamond exploration team previously responsible for several world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
Scott Eldridge, President & CEO
+1 (604) 722-5381
scott@arcticstar.ca
Patrick Power, Executive Chairman
+1 (604) 218-8772
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: Certain statements in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this press release include that the Timantti Project transaction is a pre-eminent opportunity.
- Published in Arctic Star Exploration