(via TheNewswire)
Highlights
- Caustic Fusion results show all the kimberlites discovered from the Spring 2021 drilling program contained Diamonds.
- Sequoia stands as having the highest diamond counts and it is also the largest kimberlite in the group with a geophysical signature up to 1,000m long and up to 300m wide, the two holes drilling in 2021 were 220m apart.
- The relatively small samples from the Alder and Birch kimberlites have coarse diamonds and deserve further exploration
- An airborne EM survey over the entire property has commenced
Table 1. Caustic Fusion Results
----------------------------------------------------------------------------- |Kimberlite|0.105|0.15|0.212|0.30|0.425|0.60|0.85|1.18|Weight|Total |Stones/| | |mm |mm |mm |mm |mm |mm |mm |mm |Kg |Stones|100kg | |---------------------------------------------------------------------------| |Birch |10 |7 |7 |3 |1 |1 |0 |0 |141.5 |29 | 20 | |---------------------------------------------------------------------------| |Sequoia |282 |117 |39 |23 |10 |6 |1 |1 |505.3 |499 |99.8 | |---------------------------------------------------------------------------| |Alder |3 |6 |1 |2 |1 |0 |1 |0 |223.72|14 |6 | |---------------------------------------------------------------------------| |Cedar |1 |0 |0 |0 |0 |0 |0 |0 |90.6 |1 |1 | |---------------------------------------------------------------------------| |Black |7 |3 |2 |2 |0 |0 |0 |0 |167.5 |14 |8 | |Spruce* | | | | | | | | | | | | -----------------------------------------------------------------------------
- Black Spruce are historic results.
Notes on the results: The Sequoia Kimberlite was sent to SRC laboratory,
Sequoia stands out as having the highest diamond count. As previously described in the NR dated
The Alder and Birch kimberlites also have a coarser than usual diamond population but have lower stone counts than Sequoia which will equate to lower grades. The indicator chemistry (Processed at CFM laboratory), for these pipes has been received and will be released once interpreted. The Alder kimberlite is part of a larger complex that includes the HL02 kimberlite discovered in the 1990s, there is some justification to drilling more of this complex to see if the stone counts vary, between different rock types.
At the Birch Kimberlite, which expresses as a gravity low south of the Black Spruce kimberlite, the drilling tested the eastern edge of the gravity low. The Western portion of the gravity low remains untested. Table 1 also lists the published historic diamond results for the Black Spruce kimberlite whose counts are lower and contrast to that received from Birch, Birch has three times the diamond count and this is evidence that it is a separate event and rock type to the Black Spruce kimberlite.
The Cedar kimberlite only reported one microdiamond, the rock here a volcanoclastic kimberlite dominated by mudstone matrix and mudstone fragments. The mudstone falls into the crater formed by the eruption and dilutes the grade. The EM anomaly tested here is 150m in diameter. It is possible that non-diluted kimberlite occurs either laterally or at depth.
The Fall 2021 EM survey over the Diagras project has commenced. This survey is designed to generate new geophysical targets for future drill testing and utilizes new technology and data processing techniques that were not available in the 1990s when that last detailed exploration was conducted.
Once the data from the EM survey has been received the plan for the Spring 2022 program will be formulated and budgeted. This will include a drill program to expand our knowledge of the Sequoia Kimberlite complex and exploration drilling based on the EM survey and this year’s ground geophysics.
The Diagras project is a Joint Venture between
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The Qualified Person for this news release is
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ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
+1 (604) 218-8772
ppower@arcticstar.ca
Neither the
Cautionary Statement Regarding “Forward-Looking” Information
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. In this release it is not certain if the kimberlite discovered will be economic or not as this depends on many factors. 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. 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. Factors that could affect our plans include our potential inability to raise funds as intended, and in such event we may require all funds raised, if any, to be used for working capital rather than the intended uses as outlined. Accordingly, readers should not place undue reliance on forward‐looking statements.
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