Mr. Scott Eldridge reports
ARCTIC STAR COMMENCES EXPLORATION AT THE TIMANTTI DIAMOND PROJECT, FINLAND
Arctic Star Exploration Corp. has commenced its diamond exploration program on its 100-per-cent-owned Timantti diamond project in Finland. The land package includes a 243-hectare exploration permit and has a district-scale 95,700-hectare exploration reservation near the township of Kuusamo. The project benefits from excellent infrastructure and exploration activity can be conducted year-round.
Highlights of the proposed program:
- Ground geophysics will be conducted over the area of the exploration permit which contains the diamondiferous Black and White Wolf kimberlites. The ground-based, magnetic, gravity and electromagnetic surveys are designed to help define the shape and size of the Wolf kimberlites, as well as to detect possible new kimberlite-like anomalies within the area for drill testing.
- Twenty backhoe till samples will be undertaken in the near vicinity of the Wolf kimberlites to identify potential drill targets based on diamond indicator mineral results.
- The drill program consists of approximately eight drill holes (1,500 metres) including the two Wolf kimberlites. A 500-kilogram drill core sample will be taken from each of the Wolf bodies for caustic fusion analysis. Any additional kimberlite-like targets identified from the ground geophysics will be drilled at this time where appropriate. The associated table summarizes the microdiamond results to date. If new kimberlites are found these will also be further tested to give caustic fusion diamond results.
TOTAL MICRODIAMOND ASSAY RESULTS FOR THE WHITE WOLF KIMBERLITE TO DATE
Sample
Kimberlite weight +0.106 +0.15 +0.212 +0.3 +0.425 +0.60 +0.85 +1.18 Total
kg mm mm mm mm mm mm mm mm stones
White Wolf 67.55 70 61 24 15 3 5 0 1 169
* Sample includes both surface samples and 52.7 m of drill core.
Buddy Doyle, vice-president, exploration, stated: "The assay results demonstrate that the Wolf kimberlites have significant microdiamond counts comparable in number to those found in economic kimberlites. The current drill program is designed to significantly boost the size of the sample, at which stage the company should have an estimate on the size and the grade of the diamonds, and allow us to make a decision to proceed to bulk sampling."
Microdiamonds can be used as a predictive guide to diamond grade by constructing graphs of size (carats or millimetres) versus frequency (number of stones). The majority of diamondiferous kimberlites around the world show an exponential relationship between the number of small diamonds and large diamonds.
- Samples were sent to Microlithics Laboratories Inc., of Thunder Bay, Ont. Microlithics is independent of the issuer, and is not ISO accredited. Kevin Kivi, PGeo, has audited Microlithics to verify sample preparation and analytical methods for diamond recovery were appropriate.
- Core was sent to SRC of Saskatoon, Sask., is independent of the issuer and is ISO accredited.
- There was a chain of custody in use for these samples, supervised by GTK (Geological Survey of Finland).
- Diamond results reported using CIM (Canadian Institute of Mining, Metallurgy and Petroleum) guidelines.
Qualified person
The content of this news release has been read and approved by Roy Spencer, FAusIMM, a director of the company who is the qualified person for this news release.
About Arctic Star Exploration Corp.
Arctic Star is an experienced diamond and mineral exploration company, with diamond exploration properties in Nunavut (Stein), the Northwest Territories (Diagras and Redemption) and in the Athabasca basin of Saskatchewan. The company has been planning and derisking its entry to Finland over the last year and is pleased to present what it believes is the pre-eminent new field opportunity to shareholders in the Timantti project.
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