Now The Other Myth Yes agreed . Dia did not participate in this drill program but until yet again I see an NR saying DIA % will be downgraded and all I see is some thing from ADD saying that then this NR stands . Also said it often I would expect an NR clarifying the % earned in regards to DIA and ADD but until then I hedged my bets and bought both but a lot more DIA as DIA owns the claims and smaller float and you just have to read up . Read on .
Vancouver, British Columbia (FSCwire) - Margaret Lake Diamonds Inc. (the “Company”) (TSX-V: DIA) is pleased to announce that it has entered into an option and joint venture agreement with Arctic Star Exploration Corp. (“Arctic Star”) (TSX-V: ADD) to earn a 60% interest in certain mineral claims in the Northwest Territories, Canada comprising part of Arctic Star’s T-Rex Property. The T-Rex Property is comprised of a total of 62 claims totaling 54,000 hectares, of which the Company has earned a 60% interest in 23 mineral claims totaling 18,699 hectares (the “Diagras Property”) by making a payment of approximately $200,000 worth of bond to the Government of the Northwest Territories, to obtain an extension of the 23 contiguous mineral claims comprising the Diagras Property such that they are maintained in good standing until August 13, 2017. The Company has made the required payment and the claim extension application has been filed such that the Company has effectively exercised its option, earned its 60% interest in the Diagras Property and formed a joint venture with Arctic Star (the “Diagras JV”). The Company and Arctic Star will jointly explore the new property package on a 60-40 joint venture basis, with the Company acting as operator. Paul Bro