Arctic Star Exploration Corp V.ADD

Alternate Symbol(s): ASDZF

Metals & Mining Industrial Metals & Minerals

Arctic Star Exploration Corp. is a natural resource company. The Company is a diamond explorer engaged in the acquisition, exploration, and development of mineral properties. Its projects include Diagras Diamond Project and Timantti Diamond Project. Diagras Diamond Project is located in the north-eastern part of the prolific Lac de Gras kimberlite field, approximately 22 kilometers (km) north-northeast of the Diavik diamond mine and 36 km east of the Ekati diamond mine in the northwestern territories of Canada. Diagras Property consists of 58 contiguous claims with an area of approximately 48,346 hectares. The Timantti Project is located in Finland, approximately 17 km away from the town of Kuusamo. The Timantti project, owned 100% by the Company, consists of two Exploration permits, the 243 Ha Exploration Solavaara Permit and the 882 Hectares Vaimouso permit totaling 1125 Ha. The Project is also comprised of two Diamond Bearing Kimberlites: the Black Wolf and White Wolf Kimberlite.

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Arctic Star Exploration Corp

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Comment by tencaraton Apr 06, 2016 2:54am

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Post# 24735268

RE:RE:RE:RE:Motives

paperrockscisor wrote:

Correct me if I'm wrong, nobody has drilled any holes within the Redemption property until now, right?

It has been drilled like Swiss Cheese by Rio Tinto, Dominion and De Beers. In excess of $20,000,000 has been spent searching for the head of the S. Coppermine KIM train. I would guess NAR/ADD only have 4-5 days of budget left. ADD couldn't raise money and NAR had to create a royalty to sell to one of their directors for $800K to finance this last effort. Most of the budget is burned up and if they don't have news by Friday I'm guessing it is over.

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