News!
Mr. Patrick Powerr reports
ARCTIC STAR ANNOUNCES ASSIGNMENT OF EL HAVILA PROPERTY INTEREST TO EQUITORIAL CAPITAL CORP.
Arctic Star Exploration Corp. has signed an assignment agreement dated Feb. 28, 2013, with Equitorial Capital Corp., a capital pool company, pursuant to Policy 2.4 of the TSX Venture Exchange, whereby Equitorial can earn up to 60 per cent of Arctic's interest in and to the mineral concession located in Dabeiba, Antioquia, Colombia, known as the El Havila copper-gold property. The agreement is intended to serve as Equitorial's qualifying transaction under the policies of the exchange.
El Havila copper-gold property
The property is located 32 kilometres east-northeast of Frontino in Colombia, South America, and lies within the prolific Cavca gold belt, a highly prospective area with potential for porphyry-related gold and copper and epithermal precious metal deposits. The property is hosted within the Santa Cecillia-La Equis volcanic complex in the western slope of the Colombian Western Cordillera mountain range. The area is being explored by numerous companies, including AngloGold Ashanti (La Colosa), Gran Colombia (Marmato) and Continental Gold (Buritica).