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Arctic Star Exploration Corp V.ADD

Alternate Symbol(s):  ASDZF

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.


TSXV:ADD - Post by User

Post by ~TAYLOR~on May 07, 2016 12:24am
266 Views
Post# 24850226

Nope

NopeDidnt contact Add, they are waiting like us, I emailed NAR. They are the operator. Here is there response to my email.
i asked what was up with the drilling and if they would press release a kimberlite hit immediately or wait until drilling was completed. This email is from Wednesday....

"The drilling went a little longer than originally planned but it is just starting to wrap up in the next day or so.  

I would say if we did hit a kimberlite in the this area it would be material news for North Arrow and Arctic Star and we would have to press release the event.   Whether a discovery qualifies as material could vary project to project.  This year we determined that the discovery a new kimberlites at Pikoo, unless a huge tonnage increase, would not be considered a material event so in that case we put everything out in one press release at the end of the program.   For Redemption, considering its address and how much exploration has been done there in the past, any kimberlite intersection would be a very big development for the project and its intersection would most likely be disclosed quickly.

I will let you do the math.  

We should have a press release out by the end of this week or by the beginning of next week to discuss the drilling results.

Best regards,"
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