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Bullboard - Stock Discussion Forum 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... see more

TSXV:ADD - Post Discussion

Arctic Star Exploration Corp > I just got confirmation
View:
Post by Bigoil2113 on Oct 10, 2022 8:39am

I just got confirmation

That Rio Tinto Diavik mine decided to postpone the start of decommissioning the mine for a couple more years. This decision was just made a few days ago. 

I think we will be looking at some great news coming up in the next coming months. In one of the recent videos, Pat mentions that a large group is interested in partnering up for the bulk sample dependant on the results of sequioa. With Rio just recently delaying the decommissioning of the mine this is huge (maybe coincidence) but I highly doubt that.

Comment by Bigoil2113 on Oct 10, 2022 9:37am
Just wanted to correct myself on the postponed decommissioning timing and mention there was no set time. Originally I mentioned a couple years but that's not the case. There is no set time. 
Comment by blueboron99 on Oct 10, 2022 3:07pm
Bigoil, I would also suspect RT extended the decommissing of their mine for a couple more years, as they want to see what becomes of the Seqouia's upcoming drill results. I suspect ADD will have some decent results like last years drilling ops and then pursue the bulk sample. Makes total sense if another party is willing to partner bulk sample costs. Me thinks that's why RT is going to ...more  
Comment by Bigoil2113 on Oct 11, 2022 8:01pm
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 ...more  
Comment by Bigoil2113 on Oct 11, 2022 8:17pm
https://stocks.apple.com/A4ch4G-UzRLupB6qeyNh1LQ Canadian gov giving 222million dollars to RT in Quebec.  I think they may do something for RT in the NWT to keep mines operational and assist with money for more exploration to discover new diamond mines. Who knows though until it's announced 
Comment by Bigoil2113 on Oct 11, 2022 8:41pm
Over 1000 high paying jobs at stake too. The government will need to do somthing to avoid most of those workers from claiming unemployment. Not only that but can you imagine the main bread winner of the family getting laid off with no other prospects. That's when you get more drug abuse, alcoholism, domestic abuse etc. that all costs the government huge money to deal with. As long as economic ...more  
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