Arctic Star Diamond Corp.: Credit Lake Property-Drill Testing Commences on Nickel and Diamond Targets
March 25 2010 - 2:48PM
Marketwired
Arctic Star Diamond Corp. ("Arctic" or the "Company") (TSX VENTURE:
ADD) is pleased to report that our field crews have mobilized to
the Credit Lake camp and field work has commenced. Drilling testing
will commence in the next 48 hours utilizing a light weight
heli-portable Reverse Circulation (RC) drill rig. The drill rig
will initially target some of the shallower nickel targets. The
concept is to intercept these targets with the RC rig and then
follow-up successful holes with a diamond drill coring rig.
After testing the nickel targets, the RC rig will be deployed to
test kimberlite targets at the head of the indicator mineral
trains.
In the eastern part of the Credit Lake property the Company has
recognized three separate and distinct indicator trains, named the
south Coppermine (Alpha) the Central and the Northern Coppermine
anomalies. The Alpha and Northern trains appear to terminate on the
Credit Lake property. The prime drill target that may explain the
Alpha train has been named the "Abyss", it consists of a Max Min EM
anomaly coincident with a prominent circular bathymetry feature,
180m by 120m in area.
On the Northern train the prime targets are 2 gravity anomalies.
Both are gravity lows, one is 0.6 milligals in magnitude, and the
other is 0.4 milligals. The stronger anomaly is a double lobed
feature, 430m by 230m in area. The other anomaly is 490m by 300m in
area.
The above named targets and a number of other magnetic features
will be drill tested with the RC rig. If kimberlite is intercepted,
the Company will follow up with a diamond rig, to retrieve core for
caustic fusion, microdiamond testing.
The Qualified person for this news release as per the guidelines
of the NI 43-101 is Buddy Doyle.
Statements Regarding Forward-Looking Information: Some
statements contained in this news release are forward-looking
statements. Investors are cautioned that forward-looking statements
are inherently uncertain and involve risks and uncertainties that
could cause actual results to differ materially. There can be no
assurances that future developments affecting Arctic will be those
anticipated by management.
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.
Contacts: Arctic Star Diamond Corp. Pat Power 604.689.1799
604.689.8199 (FAX) www.arcticstardiamond.com
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