TSX.V: AWS
VANCOUVER, June 6, 2012 /PRNewswire/ - Robert L. Card, President of Arrowstar Resources
Ltd., ("Arrowstar" or the "Company") (TSXV: AWS), is
pleased to report that Company personnel have expedited to
Alaska to begin the first
exploration Phase on the Company's Alaska iron ore project located near Port
Snettisham, about 30 miles SE of Juneau, the State Capitol of Alaska.
The team is composed of Senior Geologist and
Vice President of Exploration, Phillip
Thomas, along with a technician and a prospector. The
Team will conduct mapping, hand held geophysics data collection and
sample work over the Snettisham iron ore prospect with a view to
upgrade the known information to National Instrument (NI) 43-101
compliant data to aid the Company in further exploration and
development of the project.
This Phase of work is expected to take 7-10 days
and will help pave the way for further exploration including a
proposed drilling program to confirm the grade and quantity of the
previously studied magnetite ore resource situated on the prospect
claims. The goal of the team is to take up 1400 samples of
mineralization which can be assayed and analyzed to provide a
surface profile of the property, and a correlation between the
magnetic signal of the magnetite and the contained Fe values, that
will assist in locating drilling locations. Some of the
proposed drilling in the next Phase will be designed to confirm
results of some of the previous 49 holes drilled on the property
for grade and structure. The Company intends to initiate the
drilling phase soon after the sample program and ground geophysics
program has been completed and the samples analyzed and mapped.
Further drilling, mapping and design work is
expected to proceed as exploration is pushed forward into the
autumn months.
Phillip Thomas,
BSc, MBus, MAIG, a Qualified Person under NI 43-101, has
reviewed the content of this release.
On Behalf of the Board of Directors,
Arrowstar Resources Ltd.
"Robert L. Card"
Robert L.
Card
President
"Neither 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."
Forward-Looking Statements: This document
includes forward-looking statements. Forward-looking statements
include, but are not limited to, statements concerning AWS's
planned exploration programs and other statements that are not
historical facts. When used in this document, the words such as
"could," "plan," "estimate," "expect," "intend," "may,"
"potential," "should," and similar expressions are forward-looking
statements. Although AWS believes that its expectations reflected
in these forward looking statements are reasonable, such statements
involve risks and uncertainties and no assurance can be given that
actual results will be consistent with these forward-looking
statements. Important factors that could cause actual results to
differ from these forward-looking statements are disclosed under
the heading "Risk Factors" and elsewhere in the corporation's
periodic filings with Canadian securities regulators.
SOURCE Arrowstar Resources Ltd.