April 16th, 2013 – Arctic Star Exploration Corp. (TSX.v: 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 companies web site at www.arcticstar.ca
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
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.
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.