Arctic Star Exploration Corp. announced it has received the final caustic fusion diamond results from drill testing the Arbutus kimberlites at the Diagras Diamond Project (Diagras), obtained from the 2022 Spring diamond drilling program. The Diagras project is located at prolific diamond production district of Lac de Gras in the Northwest Territories and is a Joint Venture (the JV) between Artic Star (81.5%) and Margaret Lake Diamonds Inc. (DIA) (18.5%).

The Arbutus caustic fusion diamond results are listed in bold, in, along with 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. The laboratory also provided descriptions of all diamonds 0.3mm in diameter and greater, of which there were 8. Of these, 2 are grey and translucent, 5 are white to off white, and 1 is yellow.

All are described as aggregates or fragments. Please note these stones are too small to be consider gem, economic stones are >1.18mm in diameter. 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.