April 16, 2019 – Vancouver, British Columbia – Arctic Star Exploration Corp. (“Arctic Star” or the “Company”) is pleased to announce that it has successfully applied for and received its second Exploration permit totaling 882 hectares named Vaimosou on its 100% owned Timantti project near Kuusamo, Finland. The permit adjoins and partially surrounds the existing 289 Hectare Exploration permit named Salvarra which contains all of our kimberlite discoveries to date. Vaimosou falls within our Exploration Reservation totaling 193,700 Hectares. A drone/UAV based magnetic survey was completed over the new permit last year and revealed three primary high priority pipe like targets. The magnetic survey also covered the western portion of the Wolf Kimberlite trend which is expressed as a series of magnetic anomalies stretching 1.8km, of which the most eastern 300m is the Wolves themselves. Permission to access these targets from the surface rights owners is now being sort, and exploration will begin with ground geophysical surveys.
Arctic Star now has a total 1171 Hectares of exploration permits and plans to continue to add to this as warranted by our regional exploration work.
The technical data in this news release has been reviewed and approved by Buddy Doyle, a diamond geologist with over 30 years of experience, a Qualified Person under the provisions of National Instrument 43-101.
About Arctic Star
The Company owns 100% of the recently acquired Timantti Diamond Project including a 1171 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) and the NWT (Diagras and Redemption).
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, President & CEO
+1 (604) 218-8772
Forward Looking Statements: This news release contains “forward-looking statements” including but not limited to statements with respect to Arctic Star’s plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management’s best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Arctic Star undertakes no obligation or responsibility to update forward-looking statements, except as required by law.
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.