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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 blueboron99on May 24, 2023 11:09am
216 Views
Post# 35461892

MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED DEC/22

MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED DEC/22For what it's worth, I have attached a copy of the above Report from Sedar for your update & general interest.

To me it appears our present financial support from our existing Partner has been inconsistent along with difficulting trying to raise additional funds to further explore the Diagras diamond project. 
Having another junior exploration Company for financial support for exploration, just doesn't cut it when some years they are supportive, and other years they are non-committed.

ADD need's to focus on seeking out a larger mid-tiered or Major partner to provide funding to finish exploration work at the Diagras property within the next two years to prepare Diagras for a sale.
IMO, the Finland diamond project "Tamantti" should be placed on hold, until Diagras is gift wrapped and sold.

I believe our Mgmt needs to focus on our three diamond properties in NWT, Nunavat & Finland and not bother chasing the high demand for rare earth minerals, which appears to be trendy these days.

A suggested option, marketing themselves to seek out a larger, mid-tiered Company as a partner, to provide committed financing for exploration year after year to advance the Diagras & Tamantti diamond projects. The Nunavat "Stein" diamond project appears fine with GGL Resources Corp being optioned the drilling operations for a 60% ownership on that project.
Just some food for thought. 

https://www.sedar.com/CheckCode.do

Blue
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