Mr. Patrick Power reports
ARCTIC STAR DISCOVERS KIMBERLITE FIRST HOLE OF ITS DRILL PROGRAM, DIAGRAS PROJECT, LAC DE GRAS, NT.
Arctic Star Exploration Corp. has made a new discovery on the Diagras project in the Lac de Gras kimberlite field, located 380 kilometres north of Yellowknife, NWT. The discovery has been named the Birch kimberlite.
It was discovered by drilling a vertical hole into an electromagnetic/gravity anomaly. The anomaly also occupies a distinct gap in an otherwise continuous Mackenzie diabase dike in the magnetic data.
Kimberlite was discovered after drilling 28 metres through 11 metres of water and 17 metres of overburden (glacial till). The drill exited the kimberlite at 71 metres. A second hole from the same drill set-up is under way to obtain more kimberlite for caustic fusion.
The drill collar is 220 metres southeast of the known Black Spruce kimberlite discovered in the 1990s. The Black Spruce kimberlite was discovered by drilling a discrete magnetic low. In contrast, the Birch kimberlite has no magnetic signature.
Buddy Doyle, vice-president of exploration, said: “We are all elated to strike kimberlite so early in our 2021 exploration program. It proves our exploration concept. We expect more discoveries as we proceed.
“After completing the current drill hole, we will move from the Birch discovery to test other similar targets. The priority is to make as many discoveries as we can before the ice melts. Material from each discovery will be sent for caustic fusion. We will return to those kimberlites with the highest microdiamond counts and give them further attention.”
The Diagras project is a joint venture with Margaret Lake Diamonds Inc. Arctic is the manager and operator of this joint venture.
Qualified person
The qualified person for this news release is Buddy Doyle, AusIMM, a geologist with greater than 30 years of experience in diamond exploration, discovery and evaluation, a qualified person under the provisions of National Instrument 43-101.
About Arctic Star Exploration Corp.
Arctic Star Exploration has commenced exploration in Lac de Gras, Northwest Territories, on its Diagras diamond project, located next to the producing Diavik and Ekati diamond mines. The company also owns 100 per cent of the Timantti diamond project, including a 243-hectare exploration permit and a 193,700-hectare exploration reservation near the town of Kuusamo, Finland. The project is located approximately 550 kilometres southwest of the operating Grib diamond mine in Russia. The company also controls drill-ready diamond exploration properties in Nunavut.
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.