January 16, 2015 – Arctic Star Exploration Corp, (“Arctic Star” or the “Company”) (TSXv-ADD) is pleased to announce acquisition of 100% of the “Triceratops Property” in the Slave Craton of Northwest Territories, Canada. The Triceratops Property covers six historical kimberlite discoveries, and consists of 62 contiguous claims with an area of 46,840 hectares located 31km NW of the Ekati diamond mine. Arctic Star now has two 100 percent owned, highly prospective diamond properties in the Lac de Gras kimberlite field: T-Rex and Triceratops.
Six kimberlites: Vega, S-141, Torrie, Sputnik, Sue and Eddie, previously discovered during the Lac de Gras diamond rush are present on the Triceratops Property. These historical discoveries, documented in mineral exploration assessment reports, government databases and research papers contained low diamond counts, but higher grade kimberlite pipes could occur nearby.
Northwest Territories KIDD database, a spatial record of historical till sampling results, shows three unexplained kimberlite indicator mineral (KIM) dispersal trains that contain pyrope, chrome diopside, ilmenite, and olivine on the Triceratops property. Complex KIM dispersal trains near the Torrie kimberlite cluster are difficult to explain with current bedrock discoveries. Undiscovered kimberlites may have contributed to till geochemistry, but previous exploration techniques were unable to detect them.
Arctic Star plans on using heli-borne gravity and other modern diamond exploration methods at Triceratops to generate new drill targets amongst the KIM dispersal trains and kimberlite cluster. On the adjacent Ekati property, 6 new kimberlites were discovered using a modern heli-borne gravity survey. One kimberlite, called Impala, is significantly diamondiferous. Arctic Star hopes for similar success.
Arctic Star’s VP of exploration Buddy Doyle states, “We are very pleased to increase our land position in the prolific Lac de Gras kimberlite field. With T-Rex and Triceratops, Arctic Star now has one of the largest 100 percent owned land positions near the Ekati and Diavik diamond mines.”
Buddy Doyle Bc App Sc Geol. MAUSIMM, the author of this press release, has 31 years’ experience in geology, with much of this time focused on successful diamond exploration. Kevin Kivi, PGeol and Qualified Person, approves the technical content of this press release.
For further information, please visit www.arcticstar.ca and or call or office at 604-689-1799.
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
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, 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.
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