Highlights
- Drill hole DG2021-08, discovery hole at the Cedar kimberlite intersecting kimberlite from 31.0m to 113.6m
- This completes our successful spring drill program.
- A fifth kimberlite intersection was confirmed in DG2021-03. A kimberlite dyke, 50cm in width was intersected at 55m east of the Birch Kimberlite.
- Planning for a Summer exploration program will complete upon receive caustic fusion results.
May 21, 2021 – Vancouver, British Columbia – Arctic Star Exploration Corp. (“Arctic Star” or the “Company”) (TSXV: ADD) (Frankfurt: 82A2) (WKN: A2DFY5) (OTC: ASDZF) Arctic Star is pleased to announce that drill hole DG2021-08 completed at 145m, intersecting kimberlite from 31.0m to 113.6m in the Cedar kimberlite discovery.
This completes our successful spring program discovering 5 kimberlites named Birch, Sequoia, Alder, and Cedar. A 0.5m kimberlite dyke has been confirmed by detailed logging DG2021-03 a hole drilled 125m east of the Birch kimberlite.
Buddy Doyle VP Exploration said, “We at Arctic Star are extremely pleased by the outcome of our Spring exploration program, and thanks and congratulations to the team that carried out the work.” The work was entirely done with Yellowknife based consultants managed by Aurora Geosciences Ltd.
The core from each kimberlite has been sent to Yellowknife for detailed geological logging. Dan Gainer, P. Geol a geologist with kimberlite experience, is logging the core. Once the logging is finished the core is split in half by mechanical means and half of the core is sent to the laboratory. Kimberlite from Birch has been sent to CFM laboratories in Kelowna and kimberlite from Sequoia to SRC laboratories in Saskatoon.
A primary review of the kimberlites discovered shows them to be volcanoclastic kimberlites with varying degrees of country rock and kimberlite clasts. Coarse grained olivine and abundant mantle derived indicator minerals.
Summer exploration plans will focus on and around the kimberlites that return interesting diamond results.
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist of over 35 years’ experience in diamond exploration, discovery, and evaluation. A Qualified Person under the provisions of National Instrument 43-101.
About Arctic Star
Arctic Star has commenced exploration in Lac de Gras NWT on its Diagras Diamond Project next to the producing Diavik & Ekati diamond mines. The Company also owns 100% of the 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. The Company also controls drill ready diamond exploration properties in Nunavut (Stein).
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
Patrick Power, President & CEO
+1 (604) 218-8772
ppower@arcticstar.ca
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.
Cautionary Statement Regarding “Forward-Looking” Information
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. In this release it is not certain if the kimberlite discovered will be economic or not as this depends on many factors. 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. Factors that could affect our plans include our potential inability to raise funds as intended, and in such event we may require all funds raised, if any, to be used for working capital rather than the intended uses as outlined. 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.
