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Arctic Star Diamond Corp.

Publié le 12 avril 2016

Arctic Star provides update for T-Rex Property

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Mots clés associés :   9/11 | Canada | Carats |

Arctic Star provides update for T-Rex Property

April 12th, 2016 - Arctic Star Exploration Corp. (TSX.v: ADD) (the 'Company' or 'Arctic Star') would like to update shareholders of its T-Rex diamond exploration property in NWT, Canada.

Arctic Star has 100% interest in T-Rex, which consists of 62 claims totaling 54,000 hectares. T-Rex is situated 22km NNE of the Diavik diamond mine along a wide corridor of economic diamond deposits that include kimberlite pipes A-21, A418, A154S, A154N, A841, Lynx, Misery, Point Lake, and Jay. This kimberlite corridor includes the Hardy Lake kimberlite cluster where Arctic Star holds 13 kimberlites.

The closest economic kimberlite to the T-Rex property is Jay, only 10 km SW, part of the Buffer Zone joint venture between Dominion Diamonds Corp (64.3%) and Archon Minerals Ltd (34.7%). The Jay Project Pre-feasibility study (2015) reports a resources estimate of 45.6 Mt with grade 1.9 Ct/t for 84.6 million carats. Jay will be a stand-alone open-pit operation that is expected to supply 4.3m dry metric tonnes per annum for 11 years beyond the current projected closure of the Ekati Diamond Mine.

Arctic Star has compiled available public domain data and has identified several Kimberlite Indicator Mineral (KIM) dispersal trains that have not been explained by the current kimberlite inventory. Careful ground follow-up prospecting, mapping, sampling and geophysics is required to discover new kimberlite and explain these headless KIM dispersal trains.

Previous explorers significantly increased the size of diamond-bearing kimberlites on the T-Rex property by continuing to explore a pipe after discovery of its magnetic phase. Ground gravity surveys and subsequent core drilling allowed the Jack Pine kimberlite to grow to 5 hectares. Arctic Star has the opportunity to continue the process of searching for diamond-rich phases of existing kimberlites defined by magnetics alone and one or two core holes.

Buddy Doyle Bc App Sc Geol. MAUSIMM, the author of this press release, has 31 years' experience in geology, with much of this time focused on successful diamond exploration. Kevin Kivi, PGeol and Qualified Person, has approved the technical content of this press release.

For further information, please visit www.arcticstar.ca and or call or office at 604-689-1799.

ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.

Patrick Power
Patrick Power,
President

Forward Looking Statements:

This news release contains 'forward-looking statements' including but not limited to statements with respect to Arctic Star's plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to general economic and market conditions; closing of financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible variations in mineral resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. Although Arctic Star has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Arctic Star undertakes no obligation or responsibility to update forward-looking statements, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Arctic Star Diamond Corp.

EXPLORATEUR
CODE : ADD.V
ISIN : CA03967T1012
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Arctic Star Diamond est une société d’exploration minière basée au Canada.

Ses principaux projets en exploration sont ATTAWAPISKAT, CREDIT LAKE, SIKU, NEW BIGG et T1 (KYLE LAKE) au Canada.

Arctic Star Diamond est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,3 millions CA$ (953 518 US$, 893 351 €).

La valeur de son action a atteint son plus haut niveau récent le 28 février 2003 à 1,37 CA$, et son plus bas niveau récent le 18 septembre 2023 à 0,01 CA$.

Arctic Star Diamond possède 52 450 000 actions en circulation.

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Communiqués de Presse de Arctic Star Diamond Corp.
10/05/2016Arctic receives Redemption project update from North Arrow
12/04/2016Arctic Star provides update for T-Rex Property
22/03/2016Arctic Star Commences Drilling At Redemption (NWT)
25/01/2016Arctic Star Prepares for 2016 Drill Program at Redemption (N...
05/08/2015Arctic Star Reports on T-Rex Property
05/02/2015Arctic Star Announces "Stein Diamond Project" Nunavut, Canad...
18/11/2014Arctic Announces new 100% owned Property in the heart of the...
16/04/2013to Commence Drilling on Its Redemption Diamond Project
09/01/2013Identifies Diamond Targets for Drilling in the Prolific Lac ...
01/10/2012Stakes 10,000 Ha in Northwest Territories
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