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News Release - July 19, 2019 4:49 PM ET 

 

 

Arctic Star Exploration Corp. discovers new kimberlites at Timanti Diamond Project, Finland

 

NEW YORK, NY, July 19, 2019 /Sector Newswire/ -- Arctic Star Exploration Corp. (TSX-V: ADD) (F: 82A1) (US Listing: ASDZF) this week announced that it has discovered more kimberlites, by excavator, at its flagship 100%-owned Timantti Project located in Northern Finland. The geological firm GTK has confirmed the presence of garnets and pseudomorphs of olivine in samples from the new kimberlites. These new kimberlites appear similar in colour and makeup to ADD.V's diamondiferous Wolf kimberlites. Laboratory analysis is pending. The 2019 kimberlite exploration program is highly prospective for major discovery. Arctic Star is also the subject of a Mining MarketWatch Journal review of the opportunity, the full review may viewed at https://miningmarketwatch.net/add.htm online.

 

The following is excerpt copy of July 16, 2019 news release of exploration update from Arctic Star:

   

Arctic Discovers More Kimberlites, By Excavator, Timanti Project, Finland

 

July 16th, 2019 – Vancouver, British Columbia – Arctic Star Exploration Corp. (“Arctic Star” or the “Company”) is pleased to announce that recent trenching work by excavator on its Timantti project, Finland, has resulted in the discovery of two new kimberlites.
 

These kimberlites occur near the Vasa dykes also discovered by Arctic Star by excavator in 2018 and located 2 kilometres north of the Wolf (Black, Grey and White Wolf) kimberlites.

 

The recent excavator has exposed 2 new heavily weathered clayey kimberlite bodies both less than 1.5 metres from the land surface in a heavily forested area. The bodies are located approximately 140 metres (named the “Plug”) and 450 metres (named “Karhu”) respectively west of the 2018 Vasa dyke discoveries and do not appear to be physically connected to these dykes. The Karhu (“bear” in Finnish) discovery has been confirmed as kimberlitic by the GTK (Geological Survey of Finland) scientists in Helsinki whom the company has engaged to assist in the exploration programme. Final confirmation of the Plug body awaits GTK confirmation and laboratory analysis.

 

The Karhu body comprises yellowish coloured clayey kimberlite (yellow ground) and had previously been identified as a target in the detailed ground magnetic surveys undertaken by the company’s geophysical consultants. This yellow ground is very similar to that encountered at the Wolf Pack bodies to the south. The GTK scientists have confirmed the presence of garnets and pseudomorphs of olivine in the sample.

 

The yellow clayey material recovered from the Plug body appears to be identical to that found at Karhu and the company geologists are confident this is also a new kimberlite discovery.

 

This phase of the trenching programme has involved the digging of a total of 7 individual trenches covering approximately 400 metres of excavations. A total of 17 samples have been collected from these trenches, 2 from the Karhu and Plug bodies, and a further 15 from other clay rich zones also discovered in the trenches. All 17 samples will be sent to a local laboratory for detailed geochemical analysis. These samples are in transit to Helsinki.

 

These discoveries occur “up ice” of an anomalous till sample that contains numerous indicator minerals where electron micro-probe results have indicated high potential for diamondiferous source rocks up-ice. The chemistry of the indicator minerals extracted from the diamondiferous 2018 Vasa Dyke discoveries did not match the chemistry of this till anomaly and the source of the high-quality indicator minerals remained to be discovered. This indicator mineral mismatch was thus strong evidence for the presence of as yet undiscovered kimberlites up-ice of the Vasa dykes, and explaining why the company has persisted in exploring in this area. The company is now waiting to find out if these new kimberlite discoveries echo the chemistry of the positive till anomaly.

 

These new discoveries further serve to confirm that Arctic Star is dealing with multiple kimberlite occurrences in a field and bodes well for more discoveries.

 

The current excavator work will continue into early August and will be followed up with ground geophysics and drilling.

 

The company is strategically planning to do more work through the fall to search for additional kimberlites and to define the size, shape and diamond content (with caustic fusion analysis) of these latest discoveries.

 

Mr. Buddy Doyle said,
I continue to be amazed that we can discover kimberlites using the very inexpensive excavator technique. This is the most efficient diamond exploration work I have been involved with in my 38 years of looking for economic diamond deposits. I thank our team in Finland led by Roy Spencer for their continued efforts.
 

The Qualified Person for this news release is Roy Spencer, Fellow AUSIMM, a Geologist of over thirty years’ experience in diamonds.
 
About Arctic Star
 

The Company owns 100% of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 95,700 Ha Exploration Reservation near the township of Kuusamo, in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. Arctic has commenced its exploration in Finland on the Timantti Project, where four diamondiferous kimberlite bodies may represent the first discoveries in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap).

 

Arctic Star has a highly experienced diamond exploration team previously responsible for several world class diamond discoveries.
 
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.

 

Patrick Power, CEO, President
+1 (604) 218-8772
ppower@arcticstar.ca

 

...click here for full copy from source

 

Arctic Star's 2019 kimberlite exploration program is currently underway at Timanti. Timantti is located 17 km from the town of Kuusamo Finland, and only ~450 km SE of the multi-billion dollar producing Lomonsov and Grib diamond mines in Russia. 'Timantti' is the Finnish word for diamond, and Arctic Star is now in the center of what could continue into a Tier 1 discovery -- having already discovered significant diamantiferous kimberlite. The large land package consists of a 243 hectare Exploration Permit and a 193,700 hectares Exploration Reservation. The caliber of the exploration professionals that are associating themselves and reputations to the project is impressive, they include the former lead geologists that discovered Diavik diamond mine in Canada, and the nearby Grib diamond mine in Russia.

 

 

Above: Location of kimberlite bodies on Arctic Star's Timantti, and location map, note same geological belt as Grib & Lomonosov mines.

 

Arctic Star has already proved-up three diamondiferous kimberlite bodies within the Exploration permit, named White, Black and Grey Wolf, respectively, and three kimberlite dykes. Following caustic fusion processing 1,746 diamonds were found in 987.06kg of samples from four kimberlites, and curve analysis yields +1.18mm stones in each kimberlite. Three of the kimberlites, known as 'the three wolves', are within 300 metres of each other, they were found under only 1 to 3 metres of overburden, only a few hundred metres off the highway, and adjacent to power. Analysis of the distribution of microdiamonds from caustic fusion of samples from Arctic Star's best grading kimberlite structure, named the White Wolf, yielded ~0.7 carats/T (+/- ~20%) commercial stones, an earmark of if not a future mine on its own, certainly part of a future mine. The Company's 2019 exploration plan is to prove the Timantti Project has world-class size potential by confirming more kimberlites; the exploration team are in the process of testing several near-surface anomalous targets that are so apparently indicative it is difficult to think what else the anomalies could be other than more kimberlite bodies.

Exceptional infrastructure: Arctic Star is able to explore for diamonds at Timantti for ~1/3 the cost of what most others spend in elsewhere due to the projects location proximal to exceptional infrastructure (roads, airport, town, power). There are regular flights from Helsinki to the local town of Kuusamo (population ~16,000); its possible to take a taxi from the airport to Arctic Star's first kimberlite discovery in ~20 minutes. Additionally noteworthy, in 2018 two of the kimberlites were discovered simply by excavating anomalies with a backhoe.

 

The following has been identified for additional DD on Arctic Star Exploration Corp.:

 

- Company website: https://www.arcticstar.ca

 

- SEDAR filings: https://sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00016216

 

- Recent Mining Journal Review: https://miningmarketwatch.net/add.htm online.

 

 

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL(s).

 

 

SOURCE: Sector Newswire editorial

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