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Arctic Star Exploration Corp (3)
Symbol ADD
Shares Issued 104,318,863
Close 2018-06-05 C$ 0.175
Market Cap C$ 18,255,801
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Arctic Star releases diamond results from Timantti

2018-06-05 14:00 ET - News Release

Mr. Scott Eldridge reports

ARCTIC STAR ANNOUNCES THE FIRST DIAMOND RESULTS FROM THE SPRING 2018 DRILLING ON THE TIMANTTI PROJECT, FINLAND

Arctic Star Exploration Corp. has received the first diamond results from its Spring drill program on its 100-per-cent-owned Timantti diamond project near Kuusamo, Finland. The results are from 79.95 kilograms of split HQ size drill core from the initial drill hole, WW-001 on the White Wolf kimberlite, one of the four known diamondiferous kimberlite bodies on the project area.

The results are shown in the attached table, which also gives the caustic fusion results previously received from White Wolf. The analyses are consistently reporting more than 100 stones per 100 kg. The company is also encouraged by these sets of results that have provided more than one 1.18-millimetre stone for every 100 kg of sample processed.

The company expects to now receive a constant stream of results as the laboratories process the core from approximately 18 more kimberlite intercepts on the project. To expedite this process, the company is now using two laboratories in Canada, Microlithics in Thunder Bay and SRC in Saskatoon.

                               MICRODIAMOND ASSAY RESULTS, WHITE WOLF KIMBERLITE

Kimberlite           Sample weight +0.106 mm +0.15 mm +0.212 mm +0.3 mm +0.425 mm +.60 mm +.85 mm +1.18 mm Total stones
                                Kg

White Wolf current           79.95        53       24        17       4         6       0       0        1          105
White Wolf previous          67.55        70       61        24      15         3       5       0        1          169
White Wolf total            147.60       123       85        41      19         9       5       0        2          274


Notes: New results are from Microlithics Laboratories Inc., of Thunder Bay, Ont., which is independent of the issuer and
is not an ISO lab. Previous results also include those from SRC of Saskatoon. SRC is independent of the issuer and is 
ISO accredited. A chain of custody protocol was used. Diamonds results reported using Canadian Institute of Mining 
guidelines.

Arctic Star completed first pass delineation drilling on the White Wolf kimberlite in March. Since then the drill holes have been logged, split and dispatched. The holes were drilled to obtain sample for caustic fusion and to further delineate the kimberlite. Each hole intercepted kimberlite after passing through the overburden, which is only a few metres deep at this locality. The holes were then completed when they passed out of the kimberlite into the surrounding country rock.

Notes: Co-ordinates use the KKJ system. Core diameter is 57 millilmetres. Intercepts are not true widths as the holes were collared in kimberlite. The Country Rock consisted of quartzites and greenstones, with occasional quartzite xenoliths in the kimberlite up to one-metre diameter.

The diamond results reported here are from the initial hole WW-001. Arctic now has samples from boulder float at the surface, from resampling historic drill core and from its own drilling and all confirm the kimberlite to be diamondiferous. A total of approximately 360 kilograms of sample from the White Wolf kimberlite has now been sent for analysis from this season's drilling, including the results reported here. Similar size samples have been taken from the other kimberlites in this cluster, the Black Wolf and Grey Wolf kimberlites. The company's goal at present is to accumulate enough diamond data so that predictions of grade using conventional graphical techniques can be made.

Once all the current microdiamonds sample results are reported, the company will make decisions on continuing the diamond evaluation process on these kimberlites. This work would include further delineation drilling of the individual kimberlites with caustic fusion analyses, the relationship of these bodies to one another in order to determine available tonnage, followed by three-dimensional bulk sampling to get more precise estimates of the grade and to determine the average value of the diamonds.

Importantly, the company is also focused on finding more kimberlites in the area, with continuing exploration including esker and till sampling, and focused airborne and ground geophysical surveys, all designed to generate multiple drill targets.

Qualified person

The qualified person for this news release is Buddy Doyle, AUSIMM, a geologist with over 30 years of experience in diamond exploration, discovery and evaluation.

About Arctic Star Exploration Corp.

Arctic Star Exploration owns 100 per cent of the recently acquired Timantti diamond project, including a 243-hectare exploration permit and a 95,700-hectare exploration reservation near the town of Kuusamo in Finland. The project is located approximately 550 kilometres southwest of the operating Grib diamond mine in Russia. Arctic Star has commenced its exploration in Finland on the Timantti project, where four diamondiferous kimberlite bodies may represent the first finds in a large kimberlite field. The company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in British Columbia (Cap).

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