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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 ~TAYLOR~on Apr 01, 2004 3:42pm
181 Views
Post# 7301708

2 points

2 pointsThese 2 points are key in this news release. (a) They have found another gem quality diamond. This time it is a macro. (b) And this is a quote. "The core drill is currently drilling on two 12-hour shifts per day, and is being used to test a variety of diamond indicator mineral trains, auger intersects of kimberlite and geophysical targets of varying priorities. Currently more than 50 core holes are planned." The key is " auger intersects of kimberlite". Technically we have only hit one kimberlite occurence.(besides the first 2 they drilled that were barren) They have not confirmed the 700 by 400 or anything else for that matter. Now question? They know what kimberlite looks like, right? They drill a core and it's not kimberlite. They don't send it to the lab, right? Maybe there isn't that much stuff at the lab. Obviously I hope I am wrong. Wish we could get a look at the macro. Size, dimensions etc.
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