11:21:03 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Arctic Star Exploration Corp (3)
Symbol ADD
Shares Issued 55,092,522
Close 2017-08-08 C$ 0.19
Market Cap C$ 10,467,579
Recent Sedar Documents

Arctic Star discovers carbonatite-syenite system at Cap

2017-08-08 09:19 ET - News Release

Mr. Patrick Power reports

ARCTIC STAR DISCOVERS CARBONATITE COMPLEX AT THE CAP PROPERTY, BC

Arctic Star Exploration Corp.'s summer 2017 exploration program at its wholly owned Cap property, located approximately 80 kilometres northwest of Prince George, B.C., has resulted in the discovery of a new carbonatite-syenite complex.

According to Jody Dahrouge, PGeo, president of Dahrouge Geological Consulting Ltd. (consultant to Arctic Star): "We are extremely grateful to be part of the group which conceptualized and discovered this hitherto unknown carbonatite-syenite complex. Carbonatite is an extremely rare rock type with only around 550 complexes identified worldwide. In addition to their rarity, they are also well known for being the source of production for a plethora of commodities, including being the dominate source for niobium and rare earth elements (REEs). The potential rewards associated with a new discovery such as at Cap cannot be overstated."

Mineralized carbonatite systems have been mined for and/or are potential sources for commodities such as REEs, niobium, tantalum, copper, nickel, iron, titanium, zirconium, platinum group elements (PGEs), gold, fluorspar, lime, sodalite and vermiculite. Strong demand growth, stemming in part from a number of green energy solutions, has placed upward price pressure on a number of those commodities associated with carbonatites. Some of the more notable active and past-producing carbonatite deposits known around the world include Palabora (copper, nickel, gold, PGEs and other), South Africa; Bayon Obo (REEs, iron, niobium and fluorspar), China; Araxa (niobium), Brazil; Cargill (phosphate), Canada; Niobec (niobium), Canada; Mountain Pass (REEs), United States; and Mount Weld (REEs), Australia.

To date, exploration at Cap has focused on an approximate 3,000-metre-by-1,000-metre area, which was highlighted by prior geophysical surveys as well as a number of anomalous niobium/REE geochemical rock and soil samples. The 2017 work has included the completion of four drill holes, geologic mapping and sampling, and prospecting. Highlights include:

  • Carbonatite and/or alkaline rock types intersected in two of four drill holes;
  • An approximate 90-metre mapped strike length of carbonatite in outcrop with apparent estimated thickness of over 50 metres;
  • The discovery of numerous additional outcrops of carbonatite and related rocks across an area measuring approximately 800 metres by 200 metres.

The most significant drill hole to date, CAP17-004, with an orientation of 163 degrees/minus 55 degrees, intersected:

  • 53 metres to 75 metres -- calcite carbonatite, fenite, syenite, country rock;
  • 75 metres to 152 metres -- carbonatite (variable composition);
  • 152 metres to 219 metres -- syenite and fenite; end of hole.

The true thickness of these intersections is uncertain at this time.

The company cautions that, although a diverse mineral assemblage is present throughout the core, it is too early to determine if any metals or minerals may be present in significant concentrations. Samples are currently being collected and are expected to arrive at the lab shortly.

Given the discovery of a new carbonatite complex at the Cap property, the company has staked an additional 15 claims totalling 7,657 hectares. The claims cover a north-to-northwest-trending ridge that extends from Cap toward the Wicheeda REE deposit, approximately 50 kilometres to the northwest. The total property now exceeds 10,482 hectares.

Further details will be released as they come available.

Jody Dahrouge, BSc, PGeo, of Dahrouge Geological Consulting, a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.