(TheNewswire)
September 2nd, 2022 – TheNewswire - Vancouver, British Columbia – ArcticStar Exploration Corp. (“ Arctic Star ” or the“ Company ”) (TSXV:ADD) (Frankfurt:82A2) (WKN:A2DFY5) (OTC:ASDZF) hasbeen tracking the progress of our samples at SRC diamond laboratory inSaskatchewan. Recent correspondence with the laboratory suggests,caustic fusion results should start becoming available at the end ofnext week, September 9 th . Previously in our June 31 st 2022 we hadindicated that results should be expected through July and August.
The Diagras Joint Venture (Arctic Star 81.5%, Margaret Lake Diamonds Inc. 18.5%) will report the results as soonas they are available. They will be crucial in planning our nextexploration program. The joint venture is in the process ofplanning, permitting and budgeting the 2023 program.
About Arctic Star
Arctic Star is predominantly a diamond explorer,recently discovering 5 new kimberlites in the prolific Lac De Graskimberlite field that supports 2 multi-billion dollar kimberlitemining complexes. The company also has a 958Ha Exploration permitcontaining several diamond-bearing kimberlites on its Timanttiproject, Kuusamo Finland. Arctic Star has optioned its Stein diamondproject in Nunavut to GGL Resources Corp who plan work once Covidrestrictions lift. The company continues to look for appropriatediamond opportunities elsewhere.
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAREXPLORATION CORP.
Patrick Power, President & CEO
+1 (604) 218-8772
ppower@arcticstar.ca
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accept responsibility for theadequacy or accuracy of this release.
Cautionary Statement Regarding“Forward-Looking” Information
This news release contains“forward-looking statements” including but not limited tostatements with respect to Arctic Star’s plans, the estimation of amineral resource and the success of exploration activities. In thisrelease it is not certain if the kimberlite discovered will beeconomic or not as this depends on many factors. Forward-lookingstatements, while based on management’s best estimates andassumptions, are subject to risks and uncertainties that may causeactual results to be materially different from those expressed orimplied by such forward-looking statements. There can be no assurancethat such statements will prove to be accurate, as actual results andfuture events could differ materially from those anticipated in suchstatements. Factors that could affect our plans include our potentialinability to raise funds as intended, and in such event we may requireall funds raised, if any, to be used for working capital rather thanthe intended uses as outlined. Accordingly, readers should not placeundue reliance on forward?looking statements. Arctic Star undertakesno obligation or responsibility to update forward?lookingstatements, except as required by law.
Copyright (c) 2022 TheNewswire - All rights reserved.