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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 Scoop61on May 09, 2016 10:39pm
362 Views
Post# 24856421

Future possibilities...

Future possibilities...While reading the Stornoway write up in todays diamond news it occured to me that perhaps De Beers Canada may have made the same mistake with the Hardy Lake cluster that Rio Tinto did regarding the Renard Pipes...

Stornoway acquired Ashton Mining of Canada and the Renard claims and went on to prove the Renard pipe contained many more diamonds than originally were believed to be present...

From todays write up - The area surrounding Adamantin hosted a furious diamond promotion in the early 2000s, after Ashton Mining of Canada Inc. discovered the rich Renard pipes. (Stornoway acquired Ashton in 2007, when Ashton's majority shareholder, Rio Tinto PLC, decided Renard was too small to be of interest. Rio Tinto may regret that decision today, as Stornoway went on to discover many more diamonds than were previously thought to be present.) Mr. Manson is hoping his company has the same luck at Adamantin, as all the earlier explorers in the area either came up empty, or found a kimberlite or two with little or no diamond content.

Going Forward - The Trex property hosts at least 8 known diamondiferous kimberlite pipes and one has increased in size since De Beers originally discovered it and the diamond content was higher when Majescor drilled the last two holes back in 2006. See below:

Jack Pine is the largest kimberlite on the T-Rex property with 500m north-south axis, and estimated surface area of 5 Ha. Majescor reports excellent mineral chemistry and significant diamond content at Jack Pine.

  Sample
Weight (kg)
Diamond Size (mm) Stones
Per 20 kg
1 0.5 0.3 0.212 0.15 0.104 0.074 -0.074 Total
Jack Pine 436.26 0 0 4 12 42 89 248 177 572 26
(Source: De Beers Canada from Majescor Resources News Release, March 30, 2005)

De Beers diamond results are not 43-101 compliant and do not conform to CIM diamond reporting standards. These results are considered relevant as De Beers is an industry leader in diamond exploration and diamond mining.

In 2005 Majescor tested Jack Pine with two core holes and submitted 359.75 kg of kimberlite for microdiamond recovery.

  Sample
Weight (kg)
Diamond Sieve Size (mm) Total
Per 20 kg
0.425 0.300 0.212 0.150 0.106  
Jack Pine 359.75 2 6 25 80 186 299
(Source: Majescor Resources News Release, August 4, 2005, Processing by SRC)

Majescor results are CIM and 43-101 compliant, and were completed by Saskatchewan Research Council, which is an ISO accredited laboratory. The largest diamond recovered from Majescor's Jack Pine drill program measured 0.78 x 0.70 x 0.52 mm.

 - So there are a few questions to be answered on the T-Rex property 

1. Are there richer phases in the Jack Pine kimberlite body and can it be expanded in size? Very possible...
2. Are there subtle magnetic targets in the area that could be drilled and possibly result in new kimberlite discoveries using modern methods? I think so...
3. Several indicator mineral trains on the property with no known kimberlite origin.
4. Is there one or more diamond bearing kimberlite yet to be discovered on the T-Rex property? I believe there is....Just need to raise the funds to carry out the exploration required.

Just something to think about while we wait for the Redemption news....

GLTA
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