article on arctic star
<div style="display:none;"> <img src="//pixel.quantserve.com/pixel/p-d4-kgbwVmhuME.gif" border="0" height="1" width="1" alt="Quantcast"/> </div> <img src="https://d5nxst8fruw4z.cloudfront.net/atrk.gif?account=MYn2f1aoyn00Ge" style="display:none" height="1" width="1" alt="" />
Arctic Star Looking for Diamond Redemption
IN STOCKVINE EXCLUSIVES / BY ALLAN BARRY LABOUCAN / ON MARCH 1, 2013 AT 1:15 PM /
One of the best places in the world to look for diamonds is in the Northwest Territories of Canada. The Lac De Gras region is where Canada’s two diamond mines are located, and also where Arctic Star has been exploring for several years to find diamonds. They didn’t find kimberlite (which is the host rock for diamonds) at their Credit Lake project, but now they have a new group of claims and are gearing up the drill to again start the hunt for diamonds.
To put things in prospective, they had spent years looking at their Credit Lake project for diamond-bearing kimberlite. While there, they did extensive surface sampling to look for diamond indicator minerals. A kimberlite is a volcanic eruption that comes to surface and brings lots of indicator minerals that get dispersed onto the ground. Diamond exploration companies use these indicator minerals as a guide to look for the kimberlite source they came from. At Credit Lake they had done extensive surface sampling, and found many diamond indicator minerals, they even found some micro diamonds in their surface sampling. This all told them there is a kimberlite source near where they were exploring.
After finding all these indicators over the years, they drilled several high priority drill targets, but unfortunately had no success finding the source of where the diamonds and diamond indicator minerals came from. These indicator minerals formed distinct mineral trains that lead them right to the edge of their claim block, so the company had to wait for years for that ground to become available for staking, and cross their fingers that nobody else would get it. Recently the ground became available, and Arctic Star was able to get all the ground they didn’t have at the head of the diamond indicator mineral train. Now they are ready to roll up their sleeves, crank up the drill rig, and get looking for diamond-bearing kimberlite.
Appropriately, they called this new ground The Redemption Project, as they feel this is where, after many years of exploring, their theory of where they should find diamonds will be proved correct. This project is in the Lac De Gras area, which was where diamonds were initially found in the 1990’s, and ultimately resulted in two diamond mines. In fact, one of the highest grade diamond-bearing kimberlites in the world is in this area. So having high priority drill targets, in such an exceptional place to look for diamonds, is very exciting.
I have been following the diamond exploration and mining business since the early 1990’s, and have been writing reports on the industry since 2005. The reason I have always followed diamonds so closely is because if a company finds the right kimberlites, the diamonds in them can be worth billions, and very profitable to mine. But the diamond exploration business is not easy, finding a diamond mine can be very challenging, and you really need exceptionally talented people to find a diamond mine.
Arctic Star is very fortunate to have Buddy Doyle, leading the search for the company. He formally worked for Kennecott Canada which was a subsidiary of Rio Tinto, they are part of the ownership group of the Diavik Diamond mine. When he was in charge of exploration at the Diavik mine, his team was responsible for finding a vast amount of kimberlites. He has extensive experience in this area, knows the technical hallmarks of what it takes to find diamond-bearing kimberlite, has done it many times in the past, and looks to be ready to do it again.
For the past couple decades, Buddy Doyle has been not only looking, but also finding diamond-bearing kimberlites in the Lac De Gras region of Canada. He knows what leads to success, and he knows the tools to use to find kimberlites, and that talent gives Arctic Star a great chance of having success with their upcoming drilling.
In a nutshell, they are in a great area to look for diamonds, they have plenty of indicator minerals and geophysical targets, extremely talented people leading the team, and now they are getting ready to put drill holes into the ground to look for new discoveries. This puts them in a very good position, with a high probability of success, and based on the fact that they have strong diamond indicator minerals and diamonds in their surface sampling, that when they find a source kimberlite, where these indicator minerals and diamonds came from, that they will find diamond-bearing kimberlites.
In reality, the diamond indicator mineral trains and the geophysical anomalies suggest there could be several kimberlites. I’m looking forward to Arctic Star drilling and looking for diamonds, this could really be the start of something exciting. If they are successful, they have the potential for exceptional growth, and I really like their chances of making diamond discoveries with their upcoming drilling.
Arctic Star’s diamond redemption is in their crosshairs.
Their website is www.arcticstar.ca where you can find plenty of information to do your research on the company. They are one of the banner sponsors on our website, so you can click on their banner that will take you to their website. Arctic Star Exploration trades on the Toronto Stock Exchange Venture, with the ADD symbol.