(via TheNewswire)
The Diagras project is located at prolific diamond production district of
The Arbutus caustic fusion diamond results are listed in bold, in the table below, along with our other discoveries on the Diagras property to date. Scanning the table, it can quickly be seen the Arbutus result is the second-best result to date. Mr.
Table 1. Caustic Fusion Results: All Diagras Discoveries descending order of stones per 100/kg
Kimberlite | 0.105 mm | 0.15 mm | 0.212 mm | 0.3 mm | 0.435 mm | 0.6 mm | 0.85 mm | 1.18 mm | Weight Kg | Total Stones | Stones/ 100kg |
Sequoia | 282 | 117 | 39 | 23 | 10 | 6 | 1 | 1 | 505.3 | 499 | 99.8 |
Arbutus | 29 | 19 | 5 | 2 | 4 | 2 | 0 | 0 | 143.05 | 61 | 43 |
Birch | 10 | 7 | 7 | 3 | 1 | 1 | 0 | 0 | 141.5 | 29 | 20 |
Alder | 3 | 6 | 1 | 2 | 1 | 0 | 1 | 0 | 223.72 | 14 | 6 |
Cedar | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90.6 | 1 | 1 |
A chain of custody protocol was used. Sample weights are dry weights.A total of 143.05 kg of half NQ core, from drill hole 8 and full core from drill hole 9 consisting of 18 samples weighing on average 7.9kg, where sent to the
The Arbutus Kimberlite is adjacent and to the south of the Finlay kimberlite discovered in the 1990’s. Previous workers drilled serval holes into Finlay but never made the results public. With Arbutus proving diamond positive the JV now plans to test Finlay for diamonds.
The JV awaits the diamond results from the Spring drilling program on Sequoia these should become available over the next weeks. Once these diamond results are in hand the JV will be able to scope further work and Sequoia. The JV also plans to continue to explore for new kimberlites on the property in 2023.
Qualified Person
The Qualified Person for this news release is
About
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
“Patrick Power”
President & CEO
Tel: +1 (604) 218-8772 | email: ppower@arcticstar.ca
Neither the
Forward-Looking Statements:
Certain statements in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this press release include that the
The Wolf kimberlite assets have not been the subject of any recent resource work, much less a feasibility study and as such there is no certainty that any future resource will be defined or that the assets will be able to produce a commercially marketable product. There is a significant risk that any future efforts at the project will not demonstrate any merit for evaluation work to progress to a defined NI 43-101 compliant resource and economic study. General risks inherent in the Project include the reliance on available data and assumptions and judgments used in the interpretation of such data, the speculative and uncertain nature of exploration and development, exploration and development costs, capital requirements and the ability to obtain financing, volatility of global and local economic climates, possible political instability, share price volatility, estimate price volatility, changes in equity markets, increases in costs, exchange rate fluctuations and other risks involved in the mineral exploration and development industry. There can be no assurance that the forward-looking statements or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors described are beyond our control. Accordingly, readers should not place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update any forward-looking statements or information except as required by law.
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