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Arctic Star Exploration Corp V.ADD

Alternate Symbol(s):  ASDZF

Arctic Star Exploration Corp. is a natural resource company. It is engaged in the acquisition, exploration, and development of mineral properties. Its projects include Diagras Diamond Project, Timantti Diamond Project, and Stein Diamond Project. The 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. The 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 Project is comprised of two Diamond Bearing Kimberlites: the Black Wolf and White Wolf Kimberlite. The Stein Diamond Property is located approximately 85 km northwest of Taloyoak, Nunavut and consists of four prospecting permits covering an area of approximately 105,637 hectares.


TSXV:ADD - Post by User

Comment by Bigoil2113on Oct 11, 2022 8:01pm
171 Views
Post# 35018491

RE:RE:I just got confirmation

RE:RE:I just got confirmation

I agree. I mean, if RT did in fact postpone decommissioning of the diavik mine because of potentially economic mining potential of sequioa and maybe Arbutus, it's because a couple things:
1. They know what sequioa has to offer
2. Government may be offering assistance with gov grants, tax breaks etc just so the money dosnt shut down. 
3. I can tell you this though, the decommissioning is a huge cost and lots of planning, cost and people involved. The fact that RT postponed this speaks volumes.
4. Diavik employees told to resume work as per normal. There has not been any real explanation to the employees as to why they delaying decommissioning. 

lots of secrecy right now. All eyes on ADD results. 

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