(TheNewswire)
Highlights
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- Third kimberlite discovered, named Alder
- Drilling intersects kimberlite testing a distinct EM anomaly
May 5, 2021 – TheNewswire - Vancouver, British Columbia – Arctic Star Exploration Corp. (“ Arctic Star ” or the “ Company ”) (TSXV:ADD) (Frankfurt:82A2) (WKN:A2DFY5) (OTC:ASDZF) is pleased to announce that a third kimberlite has been discovered during our Spring 2021 exploration program on the Diagras project, Lac de Gras district, NWT. The discovery has been named Alder.
The Alder kimberlite was found by drilling a distinct EM anomaly in the vicinity of the known HL02 kimberlite. Drilling at a dip of 60° it encountered kimberlite at 19 meters in depth. As of writing this news release, the drill continues to intersect kimberlite at 115 meters in depth. Drilling will continue in order to obtain more kimberlite for caustic fusion diamond analysis.
After completion of this hole the rig will move to the next target.
Earlier in the week the drill tested a target near the known Kong kimberlites. No kimberlite was intersected however, the drilling did not explain the EM anomaly being tested. Arctic Star will likely return to this target in this or future exploration programs.
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist of over 35 years’ experience in diamond exploration, discovery, and evaluation. A Qualified Person under the provisions of National Instrument 43-101.
About Arctic Star
Arctic Star has commenced exploration in Lac de Gras NWT on its Diagras Diamond Project next to the producing Diavik & Ekati diamond mines. The Company also owns 100% of the Timantti Diamond Project including a 243 Ha Exploration Permit and a 193,700 Ha Exploration Reservation near the town of Kuusamo, in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. The Company also controls drill ready diamond exploration properties in Nunavut (Stein).
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
Patrick Power, President & CEO
+1 (604) 218-8772
ppower@arcticstar.ca