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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

Post by Donwaanon Nov 08, 2022 12:54pm
179 Views
Post# 35082547

Patience grasshopper

Patience grasshopperStockhouse: No news often means buried bad news, but in Arctic Star's case, the never-ending delay is just that -- a never-ending wait that has Mr. Power, president and chief executive officer, as frustrated as his backers. The problem -- the slow pace of processing at the Saskatchewan Research Council in Saskatoon. . "Fusion is easy," Mr. Power says, referring to the dissolution of the drill core, but what comes next -- the skilled and tedious process of picking the diamonds and other grains from what it left is time consuming. And so, the wait goes on, and as it does, Arctic Star's ability to raise cash for a busy 2023 season is hampered. "We have to raise money, so this pisses us off," Mr. Power concedes. "Buddy and I are really serious about what we're doing here," Mr. Power says, but that seriousness carries a hefty price tag, one that approaches $10-million if all goes to plan next year.
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