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Arctic Star Exploration Corp (3)
Symbol ADD
Shares Issued 125,061,363
Close 2019-04-16 C$ 0.075
Market Cap C$ 9,379,602
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Arctic Star receives exploration permit at Timantti

2019-04-16 07:42 ET - News Release

Mr. Patrick Power reports

ARCTIC ACQUIRES SECOND EXPLORATION PERMIT, "VAIMOSOU", TIMANTTI PROJECT FINLAND

Arctic Star Exploration Corp. has successfully applied for and received its second exploration permit totalling 882 hectares, named Vaimosou, on its 100-per-cent-owned Timantti project near Kuusamo, Finland. The permit adjoins and partially surrounds the existing 289-hectare exploration permit named Salvarra which contains all of the company's kimberlite discoveries to date. Vaimosou falls within the company's exploration reservation totalling 193,700 hectares. A drone/UAV-based (unmanned aerial vehicle) magnetic survey was completed over the new permit last year and revealed three primary high-priority pipe-like targets. The magnetic survey also covered the western portion of the Wolf kimberlite trend which is expressed as a series of magnetic anomalies stretching 1.8 kilometres, of which the most eastern 300 metres are the Wolves themselves. Permission to access these targets from the surface rights owners is now being sought, and exploration will begin with ground geophysical surveys.

Arctic Star now has a total 1,171 hectares of exploration permits and plans to continue to add to this as warranted by the company's regional exploration work.

Qualified person

The technical data in this news release have been reviewed and approved by Buddy Doyle, a diamond geologist with over 30 years of experience, a qualified person under the provisions of National Instrument 43-101.

About Arctic Star Exploration Corp.

The company owns 100 per cent of the recently acquired Timantti diamond project, including a 243 ha exploration permit and a 193,700 ha exploration reservation near the town of Kuusamo in Finland. The project is located approximately 550 km southwest of the operating Grib diamond mine in Russia. Arctic 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) and the Northwest Territories (Diagras and Redemption).

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