Article Article on AWS from Germany.
Today the Japanese are likely to get angry. For almost exactly 43 years ago, the Asians were making plans for the future: They were aware and that applies even today, that for the construction of the then emerging industrial countries such as just Japan more and more iron ore will be needed as the main raw material for steel production. Therefore, the planned 1970 Japanese Society Marcona in Alaska, at today's Snattisham project of Arrow Star Resources, the mining of iron ore concentrate. However, when iron ore prices fell heavily, gave the Japanese (Marcona Corporation and Marubeni) on its plans to open up to the Snettisham Peninsula, the most valuable resource.
Today the situation is quite different: iron ore is in high demand. This time, not so much from the established industrial nations such as the emerging markets, especially China. Although the price of iron ore currently not on the peak, a lucrative prize for the mining companies appears inevitable. The Canadian mining company Arrow Star Resources (TSX: A1JU5Y) just created an exploration plan for the area you wanted to open up in front of more than 40 years the Japanese. Today it consists of 49 commodity concessions Arrow Star holds.
First, soil and rock samples are taken, carried out studies to investigate the grave prepared samples and an IP-magnetic and gravity measurements. The planned for late summer diamond drill program should enable the Company to evaluate results of the existing tonnage and grade by the end of the year to bring to the table.
After the Japanese in 1970, calculated already based on a feasibility study with a capacity of 5 million tons per year and that over 50 (!) Years project period, giving the previously published by Arrow Star numbers on the scope and content of the deposit base, on winning success of the Titan containing Magnetitlagerstätte hope. According to previous studies, the iron ore content in the concentrate be 63.2 percent. This outstanding quality is given.
Arrow Star has secured mine in Canada, yet friendly concessions for two other iron ore projects (Roberts Lake and Lake Rannie). In addition, the company owns two gold and silver projects in British Columbia, Northern Treasure and Bryer. The first geological investigations began last summer. These projects are therefore still at an early stage, but the directly adjacent neighboring Brixton was able to make a high-grade mineralization zone. Located in North America for gold and copper project, Arrow Star also signed an option agreement and is planning exploration work in the near future.