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VIDEO – Diamonds are Back! Arctic Star $ADD $ASDZF is Leading the Charge with the Discovery of a Kimberlite Complex, NWT $RIO $DIAM.ca $NAR.ca $MPVD.ca

Posted by AGORACOM-JC at 7:29 PM on Sunday, May 2nd, 2021

Arctic Star $ADD $ASDZF Is exploring for diamonds at its Diagras Property, NWT and are using non-traditional methods to identify Kimberlites they believe host economic diamond potential.

Early success through drilling to date suggests they may have indeed made a discovery at time when very few peers exist while demand for diamonds is increasing. This success supports the overall exploration concept and indicates Arctic may be on to a new method of identifying diamonds.

If you are going to explore for diamonds, you need to look where other mines are with the right geology; and this is where Buddy Doyle comes in to play for Arctic. Buddy made a major discovery in the same area with Rio Tinto and the Diavik mine ( produced over 100 million carats since 2003) and is currently guiding the exploration drilling targeting Non-Magnetics to identify Kimberlite; which Arctic is now 3 for 3 in identifying.

The exploration success Arctic is encountering couldn’t be happening at a better time as the market appears to be waking up to the incredible opportunity Arctic offers. Have a listen and discover why Arctic Star is the next SmallCap discovery.

Arctic Star $ADD $ASDZF Discovers Kimberlite First Hole of its Drill Program Between Ekati and Diavik Diamond Mines $RIO $DIAM.ca $NAR.ca $MPVD.ca

Posted by AGORACOM-Eric at 1:33 PM on Friday, April 16th, 2021
Arctic star logo
  • New Kimberlite discovered, named the Birch Kimberlite
  • Discovered by targeting an EM and gravity anomaly 
  • Proof of exploration concept, company confident of more discoveries
  • The Birch Kimberlite is situated between Ekati and Diavik, both operating diamond mines.


Arctic Star Exploration Corp. (“Arctic Star” or the “Company”) (TSXV:ADD) (Frankfurt:82A2) (WKN:A2DFY5) (OTC:ASDZF) is pleased to announce that it has made a new discovery on the Diagras project in the Lac de Gras kimberlite field, Northwest Territory. 380km north of Yellowknife. The discovery has been named the Birch Kimberlite.

It was discovered by drilling a vertical hole into a EM and gravity anomaly. The anomaly also occupies a distinct gap in an otherwise continuous Mackenzie diabase dyke in the magnetic data. 

Kimberlite was discovered after drilling 28m through 11m of water and 17m of overburden (glacial till). The drill exited the kimberlite at 71m. A second hole from the same drill setup is underway to obtain more kimberlite for caustic fusion.


The drill collar is 220m SE 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 VP Exploration of Arctic 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.”

Mr. Doyle continued, “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 micro-diamond 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.

Read More: https://agoracom.com/ir/arcticstar/forums/discussion/topics/759203-arctic-star-discovers-kimberlite-first-hole-of-its-drill-program-diagras-project-lac-de-gras-nt/messages/2312344#message

Arctic Star $ADD $ASDZF Commences Drilling Diagras Diamond Project Lac De Gras, NWT Canada $RIO $DIAM.ca $NAR.ca $MPVD.ca

Posted by AGORACOM-Eric at 8:52 AM on Tuesday, April 13th, 2021

Arctic Star Exploration Corp. (“Arctic Star” or the “Company”) (TSXV:ADD) (Frankfurt:82A2) (WKN:A2DFY5) (OTC:ASDZF) is pleased to announce drilling has commenced on the Diagras diamond project located in the diamond corridor of the prolific Lac de Gras kimberlite field, 22km NNE of the Diavik diamond mine & 36km east of the Ekati diamond mine in NWT Canada. Arctic Star’s Diagras project contains 23 kimberlites previously discovered by DeBeers.

Highlights

  • $2 Million Financing Completed for Drilling
  • Arctic Assumes Operator of JV
  • Diamond Drilling 10-15 Targets

Project Management

The Diagras diamond project, originally a 60/40 joint venture between Margaret Lake Resources Inc. (TSXV: DIA) and Arctic Star (TSXV: ADD) respectfully. Margaret Lake has recently undergone management changes and has shifted its focus elsewhere. In 2019 Margaret Lake informed Arctic Star that it had no exploration plans for Diagras.

The joint venture agreement allows for Arctic Star to take over management in such a situation by proposing and excuting a plan and budget. Arctic Star proposed a $2,100,000 budget for the Diagras project 2021. Margaret Lake has informed Arctic Star that it will not to participate. In such a case the JV agreement has a dilution formula. At the time Arctic Star expends the proposed 2021 budget the ownership will change to approximately 77% Arctic Star and 23% Margaret Lake. Arctic Star will continue as the operator. If Margaret Lake dilutes below 10% in the future, the company’s interest converts to a 1.5% GOR.

Diamond Drill Program Commences

Arctic Star has commissioned Aurora Geoscience to be the operator of the Diagras drilling and geophysics program. Aurora is a Yellowknife based group and is able to operate without travel restrictions in the northwest territories. David Kelsch will be responsible for the day to day management of Aurora. David has over 30 years experience predominantly in diamond exploration and has been involved in a number of discoveries. David has been managing the geophysical programs that led to the development of the drill targets on the Diagras property over the past years.

David has been working closely with Buddy Doyle, our exploration manager.

Any Kimberlite intercepted in the drill program will be flown to Yellowknife for detailed logging and sampling by Aurora staff who are familiar with kimberlites. Aurora manged exploration progams for Mountian Province and Dominion diamonds and have been in diamond exploration in the Territories since the 1990’s. Samples will be sent to Chuck Fipke’s lab, CF laboratories of Kelowna, where they will be reviewed by Kelsch and Doyle prior to undergoing analysis for diamonds for Caustic Fusion.

Qualified Person

The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist of over 30 years’ experience in diamond exploration, discovery, and evaluation. A Qualified Person under the provisions of National Instrument 43-101.

About Arctic Star

Arctic Star has commenced exploration in Lac de Gras NWT on its Diagras Diamond Project next to the producing Diavik & Ekati diamond mines. The Company also owns 100% of the Timantti Diamond Project including a 243 Ha Exploration Permit and a 193,700 Ha Exploration Reservation near the town of Kuusamo, in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. The Company also controls drill ready diamond exploration properties in Nunavut (Stein).

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

”Patrick Power”

Patrick Power, President & CEO
+1 (604) 218-8772
[email protected]

Arctic Star $ADD.ca Further Increases Financing to $1.3M $RIO $DIAM.ca $NAR.ca $MPVD.ca

Posted by AGORACOM-Eric at 2:10 PM on Wednesday, February 24th, 2021
Arctic star logo
  • Arctic Star Announces Further Increase To Non-Brokered Private Placement
  • Amended the terms of its previously announced financing described in its press releases of Feb. 2, 2021, Feb. 4, 2021, and Feb. 19, 2021
  • Issue up to 26 million units for gross proceeds of up to $1.3-million.

Arctic Star Exploration Corp. has amended the terms of its previously announced financing described in its press releases of Feb. 2, 2021, Feb. 4, 2021, and Feb. 19, 2021. The company previously disclosed that it would issue up to 17 million units at a price of five cents per unit for gross proceeds of $850,000. Due to further increased demand, the company has increased the number of units to be issued, such that it will issue up to 26 million units for gross proceeds of up to $1.3-million.

Each unit will comprise one common share in the capital of the company and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional share in the capital of the company for a period of 24 months from the closing date at an exercise price of 10 cents.

All securities will be subject to a four-month hold period from the closing date. The private placement is subject to TSX Venture Exchange approval.

The company intends to use the proceeds from the private placement for exploration on the Diagras diamond project and for general working capital.