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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 Goldy63on May 10, 2021 1:00pm
62 Views
Post# 33165655

Now The Other Myth

Now The Other Myth Yes agreed . Dia did not participate in this drill program but until yet again I see an NR saying DIA % will be downgraded and all I see is some thing from ADD saying that then this NR stands . Also said it often I would expect an NR clarifying the % earned in regards to DIA and ADD but until then I hedged my bets and bought both but a lot more DIA as DIA owns the claims and smaller float and you just have to read up . Read on . Vancouver, British Columbia (FSCwire) - Margaret Lake Diamonds Inc. (the “Company”) (TSX-V: DIA)  is pleased to announce that it has entered into an option and joint venture agreement with Arctic Star Exploration Corp. (“Arctic Star”) (TSX-V: ADD) to earn a 60% interest in certain mineral claims in the Northwest Territories, Canada comprising part of Arctic Star’s T-Rex Property.  The T-Rex Property is comprised of a total of 62 claims totaling 54,000 hectares, of which the Company has earned a 60% interest in 23 mineral claims totaling 18,699 hectares (the “Diagras Property”) by making a payment of approximately $200,000 worth of bond to the Government of the Northwest Territories, to obtain an extension of the 23 contiguous mineral claims comprising the Diagras Property such that they are maintained in good standing until August 13, 2017. The Company has made the required payment and the claim extension application has been filed such that the Company has effectively exercised its option, earned its 60% interest in the Diagras Property and formed a joint venture with Arctic Star (the “Diagras JV”). The Company and Arctic Star will jointly explore the new property package on a 60-40 joint venture basis, with the Company acting as operator.

Paul Bro

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