ADD news releaseAt a whopping 7 inches of interecept, but hope springs eternal!
Arctic Star drills 0.2 m of 2.92% Cu, 1.34% Ni in NWT
2008-05-27 11:14 ET - News Release
Mr. Patrick Power reports
ARCTIC STAR DIAMOND CORP.: MASSIVE SULPHIDES FROM FIRST EXPLORATION DRILL HOLE RETURN NICKEL, COPPER AND COBALT AT CREDIT LAKE, PROVIDENCE LAKE GREENSTONE BELT NT
Arctic Star Diamond Corp. has provided significant nickel, copper and cobalt assays from its 100-per-cent-owned new massive sulphide discovery at Credit Lake in the Northwest Territories.
As reported in the news release dated May 15 2008, at the end of the Credit Lake diamond exploration drill program, the Company drilled a single angled hole (08CR-10) targeting a MaxMin HLEM conductor within the Providence Lake Greenstone (PLG) Belt to investigate the potential for Ni-Cu sulphides near anomalous Ni-Cu soil samples collected in 2007. The PLG belt includes large volumes of mafic and ultramafic rocks, dated as being 2.7 billion years old and includes tholeiitic basalts, komatiites, serpentinized peridotite, and gabbro intrusions. The PLG belt features deep- penetrating faults, sulphur-bearing sediments in the form of sulphide bearing iron-formation and black shales, and massive sulphides. The various rock units within the belt are strongly deformed and have similarities to lithologic sequences that are known to host world-class nickel deposits such as the Thompson fold belt in Manitoba, the Raglan deposits in Quebec and the Kambalda deposits in Western Australia.