Arctic Star Commences Drilling At Redemption (NWT)
March 22, 2016 – Arctic Star Exploration Corp, (“Arctic Star” or the “Company”) (TSXvADD) is pleased to announce that its partner, North Arrow Minerals Inc. (TSXV-NAR) has provided an update. Ground geophysical surveys and drilling are under way at the Redemption diamond project, Northwest Territories. The Redemption diamond project is located in the Lac de Gras region of the Northwest Territories, approximately 32 kilometres southwest and 47 km west of the Ekati and Diavik diamond mines, respectively. Ground geophysical surveys will be completed this week and drilling is expected to continue through to the end of April, 2016. Drilling is focused on the discovery of a kimberlite bedrock source to the South Coppermine indicator mineral train.
North Arrow is exploring the Redemption property under an option agreement with Arctic Star Exploration Corp., under which North Arrow can earn a 55-per-cent interest by incurring $5-million in exploration expenditures prior to July 1, 2017.
For further details please visit www.arcticsta.ca.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.
Patrick Power, President
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, including but not limited to: risks related to the successful integration of acquisitions; risks related to general economic and market conditions; closing of financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible variations in mineral resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. Although Arctic Star has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. 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.