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Rare Flawless Diamond Found in Canadian Mine Fetches $20.9M at Auction SPONSOR: Arctic Star $ADD.ca $RIO $DIAM.ca $NAR.ca $MPVD.ca

Posted by AGORACOM-Eric at 10:26 AM on Thursday, October 8th, 2020
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Arctic Star Exploration is currently exploiting the Diagras Diamond Property, NWT. Adjoined by both Diavik and Ekati Mines, Arctic has combined known data on Diagras with modern Gravity and EM geophysical survey techniques to delineate viable Kimberlite targets. Arctic Star is currently preparing a drill program for 2020. CLICK HERE FOR MORE INFO

  • The 102.39-carat stone went to an unnamed telephone bidder for HK$122 million, or nearly $20.9 million in Canadian money.

HONG KONG, CHINA — An exceedingly rare 102-carat flawless white diamond sold for nearly $20.9 million at an online auction in Hong Kong on Monday evening.

Described as “completely flawless” by auctioneer Sotheby’s, the 102.39-carat stone went to an unnamed telephone bidder for HK$122 million in an auction held online because of the coronavirus pandemic.

“The buyer of this diamond has bagged a bargain,” said Tobias Kormind, managing director of online jeweller 77 Diamonds.

During a time of economic uncertainty, he said, “savvy investors are currently falling over themselves to acquire alternative safe haven assets like diamonds, property and gold”.

Only seven other white diamonds bigger than 100 carats and of the same quality have ever gone under the hammer.

The stone was sold without a reserve price, meaning the diamond went to the highest bidder and did not need to meet a minimum threshold, the first time in auction history that a diamond of this calibre has been offered that way.

The tactic can be risky but can also generate a buzz that sellers hope will elevate the final price.

In this case, the seller’s move was “a brave decision that has come back to bite them”, according to Kormind.

Originally a 271-carat rough stone, the gem was discovered in the now-closed Victor Mine in northern Ontario in 2018.

“(The) diamond is the best of the best when it comes to exceptional white diamonds and it is difficult to overstate its rarity and beauty,” said Sotheby’s worldwide jewellery chairman Gary Schuler ahead of the sale.

In November 2017, the largest diamond ever presented at auction, with more than 163.41 carats, sold in Geneva for more than $33.8 million, fees and commissions included — a global record in this category.

But it is not a record overall for a diamond: in April 2017, the giant “Pink Star” pink diamond sold for $71.2 million at a Sotheby’s auction in Hong Kong.

SOURCE: https://www.ctvnews.ca/lifestyle/rare-flawless-diamond-found-in-canadian-mine-fetches-20-9m-at-auction-1.5133057

CLIENT FEATURE – The 3 Reasons Why Arctic Star Is A World Class, Small Cap Diamond Explorer $ADD.ca $RIO $DIAM.ca $NAR.ca

Posted by AGORACOM-Eric at 2:53 PM on Friday, October 2nd, 2020

The 3 Reasons Why Arctic Star Is A World Class, Small Cap Diamond Explorer

Arctic Star Exploration (ADD:TSXV / ASDZF:OTCQB / 82A1.F:FRA) is in the diamond finding business.

The Company owns 100% of its flagship Timantti Diamond Project in Finland, where Arctic Star has discovered three diamondiferous kimberlites that may represent the first finds in a large kimberlite field. If you don’t know what a kimberlite is, keep drilling down and see below because this is truly exciting.

The project is located on the same geological belt as the Grib Diamond Mine in Russia, just 450 kms away. The Grib mine is one of the largest diamond mines in the world and was discovered by a team led by Arctic Star Director Roy Spencer.  Keep drilling down to see more about him.

For those investors who have a little more experience and find themselves asking Why Finland? You should know that Finland was ranked as the World’s #2 mining jurisdiction in the world by the Fraser Institute 2020. In addition to its flagship project in Finland, the Company also controls diamond exploration properties in Nunavut (Stein) and the Northwest Territories of Canada (Diagras and Redemption).

But the real secret of Arctic Star is that it has tremendous potential to revolutionize the way in which Diamonds are discovered – and become a pioneer in the exploration industry – by finding diamonds in a place where no previous explorer has thought to do so. More than just a wild theory, Arctic Star has the team to back it up.

Here are the 3 things you need to know

1. World Class Diamond Finders

Arctic Star exploration has a highly experienced diamond exploration team previously responsible for numerous world class diamond mine discoveries.  The team is led by Buddy Doyle who originally discovered Diavik Mine, Canada’s largest diamond mine in terms of carat production. Diavik’s exceptional grades make it one of the most valuable diamond mines in the world.  Diavik is located in the Northwest Territories of Canada, where Arctic Star has 2 of their diamond properties.

Few geologists have seen 2 projects from discovery through to decision to mine. Mr. Doyle is recognized by his peers in the exploration industry as an authority on diamond exploration and kimberlite geology, and has authored/co-authored numerous papers on these subjects. He was awarded the 2007 Hugo Dummitt Award for excellence in Diamond exploration.

Roy Spencer – If that wasn’t enough, the geologist who discovered the multi-billion-dollar Grib Diamond Mine in Russia (see above). which is just 450 KMs away from Arctic Star’s project in Finland, has now joined Arctic’s Board of Directors!  Clearly, the Arctic Star team has the credibility necessary to put forth a new thesis on how to find diamonds. 

 2. Brand New Exploration Model To Find Diamonds 

In order to find diamonds, you need to first find Kimberlites. What are Kimberlites? Essentially, they are the rocks which contain diamonds. These kimberlite rocks are found underground in vertical structures known as kimberlite pipes. To illustrate in simple terms, see this basic image of a kimberlite pipe with kimberlite rocks inside of it.  

Kimberlite pipes are the biggest source of diamonds today. When exploration companies go looking for kimberlites, the industry standard for finding them is to look for magnetic signatures. This is done by taking a magnetic survey from the air and/or ground. with a device called a magnetometer.  Now, most of you won’t understand what you are looking at – but here is an example of one of the company’s magnetic surveys on its Canadian Diagras property.

The most important thing to understand is that the industry looks for magnetic signatures ….. but Buddy Doyle and the accomplished Arctic Star team have developed a NON MAGNETIC THESIS.  They believe they will find economic diamonds by locating Kimberlite that do not have a magnetic signature where previous explores sought not to look. Arctic in a sense is exploring for diamonds the opposite way the industry traditionally does. Arctic acquired property big mining company’s dropped, because they looked at them one way. Arctic is looking differently and success is occurring quickly for this small, yet accomplished exploration outfit. There are already multiple drill ready targets in 2 countries using this new way of looking for diamonds.

Arctic offers multiple opportunities in 2 countries to turn the Diamond Industry on notice with a discovery.

3. Arctic Star Has Two Diamond Projects Ready To Verify Its Non-Magnetic Theory

Arctic has 2 diamond projects on which to verify its theory: Diagras in Northwest Territories of Canada and Timantti in Finland, where early exploration searching for Non-Magnetic signatures has already yielded multiple new diamond target

A.  Diagras is next to Diavik (Canada’s largest diamond mine) and is drill ready to prove Buddy’s theory. Arctic has plans to drill in 2020

B. Timantti in Finland has 3 separate target areas and 6 targets altogether identified through non-magnetic signatures as a means to find diamonds and further excel Buddy’s theory, it is the company’s goal to drill test in 2020

If Buddy Doyle and the Arctic Star team are correct it will create a new discovery process for understanding how diamonds are brought to surface in areas previous explorers cared not to look. Arctic Star has the potential to create multiple discoveries and copycat companies trying to duplicate their success.

However, there is only one Buddy Doyle and Roy Spencer, which is why Arctic Star is the one Diamond Exploration Company every investor should be aware of.

Click Here To Discover Why Arctic Star Is The Next Diamond Discovery

CLIENT FEATURE – The 3 Reasons Why Arctic Star Is A World Class, Small Cap Diamond Explorer $ADD.ca $RIO

Posted by AGORACOM-Eric at 10:00 AM on Friday, September 11th, 2020

The 3 Reasons Why Arctic Star Is A World Class, Small Cap Diamond Explorer

Arctic Star Exploration (ADD:TSXV / ASDZF:OTCQB / 82A1.F:FRA) is in the diamond finding business.

The Company owns 100% of its flagship Timantti Diamond Project in Finland, where Arctic Star has discovered three diamondiferous kimberlites that may represent the first finds in a large kimberlite field. If you don’t know what a kimberlite is, keep drilling down and see below because this is truly exciting.

The project is located on the same geological belt as the Grib Diamond Mine in Russia, just 450 kms away. The Grib mine is one of the largest diamond mines in the world and was discovered by a team led by Arctic Star Director Roy Spencer.  Keep drilling down to see more about him.

For those investors who have a little more experience and find themselves asking Why Finland? You should know that Finland was ranked as the World’s #2 mining jurisdiction in the world by the Fraser Institute 2020. In addition to its flagship project in Finland, the Company also controls diamond exploration properties in Nunavut (Stein) and the Northwest Territories of Canada (Diagras and Redemption).

But the real secret of Arctic Star is that it has tremendous potential to revolutionize the way in which Diamonds are discovered – and become a pioneer in the exploration industry – by finding diamonds in a place where no previous explorer has thought to do so. More than just a wild theory, Arctic Star has the team to back it up.

Here are the 3 things you need to know

1. World Class Diamond Finders

Arctic Star exploration has a highly experienced diamond exploration team previously responsible for numerous world class diamond mine discoveries.  The team is led by Buddy Doyle who originally discovered Diavik Mine, Canada’s largest diamond mine in terms of carat production. Diavik’s exceptional grades make it one of the most valuable diamond mines in the world.  Diavik is located in the Northwest Territories of Canada, where Arctic Star has 2 of their diamond properties.

Few geologists have seen 2 projects from discovery through to decision to mine. Mr. Doyle is recognized by his peers in the exploration industry as an authority on diamond exploration and kimberlite geology, and has authored/co-authored numerous papers on these subjects. He was awarded the 2007 Hugo Dummitt Award for excellence in Diamond exploration.

Roy Spencer – If that wasn’t enough, the geologist who discovered the multi-billion-dollar Grib Diamond Mine in Russia (see above). which is just 450 KMs away from Arctic Star’s project in Finland, has now joined Arctic’s Board of Directors!  Clearly, the Arctic Star team has the credibility necessary to put forth a new thesis on how to find diamonds. 

 2. Brand New Exploration Model To Find Diamonds 

In order to find diamonds, you need to first find Kimberlites. What are Kimberlites? Essentially, they are the rocks which contain diamonds. These kimberlite rocks are found underground in vertical structures known as kimberlite pipes. To illustrate in simple terms, see this basic image of a kimberlite pipe with kimberlite rocks inside of it.  

Kimberlite pipes are the biggest source of diamonds today. When exploration companies go looking for kimberlites, the industry standard for finding them is to look for magnetic signatures. This is done by taking a magnetic survey from the air and/or ground. with a device called a magnetometer.  Now, most of you won’t understand what you are looking at – but here is an example of one of the company’s magnetic surveys on its Canadian Diagras property.

The most important thing to understand is that the industry looks for magnetic signatures ….. but Buddy Doyle and the accomplished Arctic Star team have developed a NON MAGNETIC THESIS.  They believe they will find economic diamonds by locating Kimberlite that do not have a magnetic signature where previous explores sought not to look. Arctic in a sense is exploring for diamonds the opposite way the industry traditionally does. Arctic acquired property big mining company’s dropped, because they looked at them one way. Arctic is looking differently and success is occurring quickly for this small, yet accomplished exploration outfit. There are already multiple drill ready targets in 2 countries using this new way of looking for diamonds.

Arctic offers multiple opportunities in 2 countries to turn the Diamond Industry on notice with a discovery.

3. Arctic Star Has Two Diamond Projects Ready To Verify Its Non-Magnetic Theory

Arctic has 2 diamond projects on which to verify its theory: Diagras in Northwest Territories of Canada and Timantti in Finland, where early exploration searching for Non-Magnetic signatures has already yielded multiple new diamond target

A.  Diagras is next to Diavik (Canada’s largest diamond mine) and is drill ready to prove Buddy’s theory. Arctic has plans to drill in 2020

B. Timantti in Finland has 3 separate target areas and 6 targets altogether identified through non-magnetic signatures as a means to find diamonds and further excel Buddy’s theory, it is the company’s goal to drill test in 2020

If Buddy Doyle and the Arctic Star team are correct it will create a new discovery process for understanding how diamonds are brought to surface in areas previous explorers cared not to look. Arctic Star has the potential to create multiple discoveries and copycat companies trying to duplicate their success.

However, there is only one Buddy Doyle and Roy Spencer, which is why Arctic Star is the one Diamond Exploration Company every investor should be aware of.

Click Here To Discover Why Arctic Star Is The Next Diamond Discovery