Arctic Star Exploration Corp. Announces Airborne Surveys Completed
14 Octobre 2011 - 8:48PM
Marketwired
Arctic Star Exploration Corp. (TSX VENTURE:ADD) (the "Company" or
"Arctic Star") is pleased to announce that Aeroquest International
Ltd. has completed airborne magnetic and radiometric surveys on
three properties located in the Carbo area of 'The Rocky Mountain
Rare Metal Belt' of northern British Columbia.
The Cap, Seebach and Javorsky rare earth element ("REE") and
rare metal properties are all located within the immediate vicinity
of Spectrum Mining Corporation's Wicheeda REE Discovery as well as
the Carbo Project which has been drilled by Canadian International
Minerals Inc. (TSX VENTURE:CIN). Arctic Star is conducting
exploration under its option to earn up to 100% interest in these
properties. The group of claims are located 80 km northeast of
Prince George and together comprises 20 mineral claims covering
approximately 9,129 hectares, making it one of the largest land
positions in the camp.
The heli-borne AeroMAG magnetic gradient and radiometric survey
consisted of approximately 1,500 line kilometres on the three
properties. The preliminary results of the survey have identified
several radiometric anomalies on the Cap property, which are
considered to be high priority with respect to the other surveyed
properties in the Carbo area. The magnetic component of the survey
further defined the strong magnetic anomaly as previously defined
by the regional magnetic survey.
The preliminary results of the airborne survey, in combination
with the 2010 prospecting program which located outcrops of syenite
with anomalous values of Nb and Zr (see November 17th News Release)
are very encouraging. In the Carbo area, syenite is often found in
close proximity to REE bearing carbonatite.
A detailed mapping and prospecting program, in combination with
soil sampling has commenced on the Cap Property in order to verify
the geophysical anomalies and define drill targets.
Publicly available records show that the nearby Wicheeda REE
Discovery owned by Spectrum Mining showed encouraging results for
REE in 2008 and 2009 drilling.
Neil G McCallum, P.Geo., a qualified person as defined by
National Instrument 43-101, supervised the preparation of the
technical information in this news release.
On behalf of the board of directors of ARCTIC STAR EXPLORATION
CORP.
Patrick Power, President and Chief Executive Officer
Forward Looking Statements
This press release contains projections and forward-looking
information that involve various risks and uncertainties regarding
future events such as: the likelihood that the property has rare
earth and that we will continue a work program on the properties.
Forward-looking information include statements based on current
expectations involving a number of risks and uncertainties and are
not guarantees of future performance of Arctic such as our ability
to raise financing, geological information resulting in changed
plans for exploration, our ability to contract equipment and
labour, current economic conditions and the state of mineral
exploration and mineral prices in general .Discoveries of minerals
on other properties are not necessarily an indication of any
commercial mineralization on nearby properties. These risks and
uncertainties could cause actual results and Arctic's plans and
objectives to differ materially from those expressed in the
forward-looking information. These and all subsequent written and
oral forward-looking information are based on estimates and
opinions of management on the dates they are made and expressly
qualified in their entirety by this notice. Except as required by
law, Arctic assumes no obligation to update forward-looking
information should circumstances or management's estimates or
opinions change.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Arctic Star Diamond Corp. Patrick Power (604) 689-1799
(604) 689-8199 (FAX)
Arctic Star Exploration (TSXV:ADD)
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