All 2009 Till Results for Credit Lake Received-Compelling Geochemical Responses Cause Geophysical Targets to Be Upgraded to Very
03 Março 2010 - 11:30AM
Marketwired
Arctic Star Diamond Corp. ("Arctic" or the "Company") (TSX VENTURE:
ADD) is pleased to report that it received all of the 2009 till
geochemical results at Credit Lake. This program was designed to,
and succeeded in, discovering new targets that may be due to blind
(buried) mineralization along the strike of the Providence
Greenstone Belt. This belt contains the magmatic, komatiite-hosted
nickel-copper-cobalt and platinum group element (Ni-Cu-Co-PGE)
sulphide discovery made by Arctic in 2008 which was also selected
on the basis of an EM (Electro-Magnetic) target that was coincident
with a high nickel-in-soil geochemical anomaly. Arctic's best drill
hole in the discovery area reported 5.1m @ 1.73%Ni, 1.75% Cu, 0.17%
Co and greater than 2g/t platinum equivalent (Pt+Pd+Rh+Ir+Os).
The final compilation of these geochemical data clearly
indicates, enhances and defines eight high priority
nickel+copper+cobalt targets in the Central and Western Zones in
addition to the eleven targets identified in the Eastern Zone,
which were discussed in our new release of February 8, 2010. Most
of the eight priority zones coincide well with geophysical targets
that were developed from the 2008 VTEM airborne survey. Numerous of
these soil anomalies possess signatures of magnitudes equal to or
greater than that signature developed from detailed soil sampling
over the discovery area.
To view the Figure associated with this press release, please
visit the following link:
http://media3.marketwire.com/docs/soiltargets.pdf
The grey scale image in the background is a gradient map of the
total magnetic field. The arcing east-west trending bands map the
ultramafic rock types that host the nickel mineralization at the
2008 discovery site. The north-northwest striking features are
young diabase dykes that intruded the Providence Belt much later
than the mineralizing events.
The VTEM response (channel 23) is shown in color: The "hotter"
the color, the "stronger" the electromagnetic response. Anywhere
that the VTEM response and the magnetic response coincide, is
considered an excellent drill target. There are 45 separate areas
and zones where this occurs.
The nickel, plus copper, plus cobalt geochemical response from
the till sampling for which the results are being reported here are
superimposed on the image as 50ppm contours. The more anomalous
areas are represented by dense compact lines on the image. Red
arrows have been placed where there is a strong correlation between
the geochem and a nickel EM signature; the yellow arrows represent
areas where ground EM investigation is warranted.
Buddy Doyle VP Exploration for Arctic said, "These new results
continue to reinforce the notion that both this type of sampling
method is effective in the Arctic and that the Providence Belt has
potential for additional new discoveries. The proof will be in the
drilling and I am pleased to say that we are beginning mobilization
for the spring, 2010 program by ordering the fuel needed to be
hauled up the winter road. We expect drilling to begin on or about
April 1st."
Table 1 summarizes some of the characteristics of the VTEM
targets where they coincide with till geochem anomalies in the
Central and Western Zones.
----------------------------------------------------------------------------
EM Geochem VTEM Ground EM & Comments
Target Mag
Name
----------------------------------------------------------------------------
TZ-21 On south side of Good airborne Confirms the TZ-21 and the
strongest geochem- response on presence of coincident soil
soils anomaly north flank of EM and mag anomaly is well
ultramafic trend target at placed on north
in Central Zone TZ-21. flank of
ultramafic trend
and at major
structural
intersection
with N-NW
diabase dikes
----------------------------------------------------------------------------
A15 A subtle geochem No explanation To be Needs ground
response in an at surface, completed surveying before
area of thick thick cover. prior to drilling
glacial cover Moderate EM drilling
(boulder pavement response
equals poor sample
conditions) This
response suggests
the anomaly would
be more intense if
good sample medium
were present
----------------------------------------------------------------------------
TZ-5 Weaker soils Moderate-weak Needs ground No surface
response but poor airborne surveying explanation of
sample conditions. response before drill conductor, sand
Talus slope at isolated on testing & large boulders
foot of steep north side of in talus slope
cliff formational
conductor
----------------------------------------------------------------------------
A-20 Multiple moderate- Moderate Good EM and Within and on
& 21 weakly anomalous magnetic and EM mag responses north flank of
Ni, Cu, Co soil responses ultramafic
responses trend
coincident with
geophysics
----------------------------------------------------------------------------
The Qualified person for this news release as per the guidelines
of 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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