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Caustic Fusion Results Received; All Kimberlites Discovered in 2021 Program Contain Diamonds

 

Highlights

 

– Caustic Fusion results show all the kimberlites discovered from the Spring 2021 drilling program contained Diamonds.

– Sequoia…

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Highlights

 

  • – Caustic Fusion results show all the kimberlites discovered from the Spring 2021 drilling program contained Diamonds.

    – Sequoia stands as having the highest diamond counts and it is also the largest kimberlite in the group with a geophysical signature up to 1,000m long and up to 300m wide, the two holes drilling in 2021 were 220m apart.

    – The relatively small samples from the Alder and Birch kimberlites have coarse diamonds and deserve further exploration

    – An airborne EM survey over the entire property has commenced

 

Sept 29th, 2021 – TheNewswire – Vancouver, British Columbia – Arctic Star Exploration Corp. (“Arctic Star” or the “Company”) (TSXV:ADD) (Frankfurt:82A2) (WKN:A2DFY5) (OTC:ASDZF) is pleased to announce it has received all the diamond results from its Spring drilling program where 5 new kimberlites were discovered. Four of these kimberlites were processed by Caustic Fusion. The fifth kimberlite was not sampled being a small 1m dyke like intercept. The results are listed in the order of the sequence they were discovered. The Sequoia results were previously released and are shown here for comparison.

 

Table 1. Caustic Fusion Results

 

Kimberlite

0.105

mm

0.15

mm

0.212

mm

0.30

mm

0.425

mm

0.60

mm

0.85

mm

1.18

mm

Weight

Kg

Total

Stones

Stones/ 100kg

Birch

10

7

7

3

1

1

0 0

141.5

29

    20

Sequoia

282

117

39

23

10

6

1

1

505.3

499

99.8

Alder

3

6

1

2

1

0

1

0

223.72

14

6

Cedar

1

0 0 0 0 0 0 0

90.6

1

1

Black Spruce*

7

3

2

2

0 0 0 0

167.5

14

8

 

  • – Black Spruce are historic results.

Notes on the results: The Sequoia Kimberlite was sent to SRC laboratory, Saskatoon, Saskatchewan with a direct chain of custody. The other Kimberlites were originally sent to CFM laboratory in Kelowna, however, when after three weeks this lab informed Arctic Star that these samples were behind a previous client and that there would be a long delay the company decided to move the samples to other laboratories. The Birch Kimberlite samples were redirected to the SRC lab and the Alder and Cedar Kimberlite samples were redirected to the Microlithics Laboratory in Thunder Bay. The samples arrived intact, with seals, and chain of custody preserved. SRC is an independent laboratory that is SCC accredited, ISO/IEC 17025. Microlithics is also an independent laboratory. The processing methods of these laboratories are similar. The samples are assayed using the caustic fusion process, where up to 8-kilogram samples are fused in a kiln containing caustic soda at temperatures of >500oC. The hot residue is then poured through sieves and the remaining material is further chemically treated to reduce the residue to a manageable size. The residues are then observed, and the diamonds are recovered. The labs add unique diamonds to each sample which are recovered as part of a quality assurance program. All were recovered from these batches.

 

Sequoia stands out as having the highest diamond count. As previously described in the NR dated September 9th and September 15th, the diamond results at Sequoia hint at a coarser diamond size distribution as does the diamond indicator chemistry. The diamond results from assaying the second half of the DG 2021 05 drill core have not yet been received and will be reported when at hand.

 

The Alder and Birch kimberlites also have a coarser than usual diamond population but have lower stone counts than Sequoia which will equate to lower grades. The indicator chemistry (Processed at CFM laboratory), for these pipes has been received and will be released once interpreted. The Alder kimberlite is part of a larger complex that includes the HL02 kimberlite discovered in the 1990s, there is some justification to drilling more of this complex to see if the stone counts vary, between different rock types.

 

At the Birch Kimberlite, which expresses as a gravity low south of the Black Spruce kimberlite, the drilling tested the eastern edge of the gravity low. The Western portion of the gravity low remains untested. Table 1 also lists the published historic diamond results for the Black Spruce kimberlite whose counts are lower and contrast to that received from Birch, Birch has three times the diamond count and this is evidence that it is a separate event and rock type to the Black Spruce kimberlite.

 

The Cedar kimberlite only reported one microdiamond, the rock here a volcanoclastic kimberlite dominated by mudstone matrix and mudstone fragments. The mudstone falls into the crater formed by the eruption and dilutes the grade. The EM anomaly tested here is 150m in diameter. It is possible that non-diluted kimberlite occurs either laterally or at depth.

 

The Fall 2021 EM survey over the Diagras project has commenced. This survey is designed to generate new geophysical targets for future drill testing and utilizes new technology and data processing techniques that were not available in the 1990s when that last detailed exploration was conducted.

 

Once the data from the EM survey has been received the plan for the Spring 2022 program will be formulated and budgeted. This will include a drill program to expand our knowledge of the Sequoia Kimberlite complex and exploration drilling based on the EM survey and this year’s ground geophysics.

 

The Diagras project is a Joint Venture between Arctic Star and Margaret Lake Diamonds Inc. (DIA). Arctic Star took over management in early 2021 proposing a $2.1 million budget for the Spring drilling program.

 

Qualified Person

The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist with over 35 years of experience in diamond exploration, discovery, and evaluation. A Qualified Person under the provisions of the National Instrument 43-101.

About Arctic Star

Arctic Star is predominantly a diamond explorer, recently discovering 5 new kimberlites in the prolific Lac De Gras kimberlite field that supports 2 multi-billion dollar kimberlite mining complexes. The company also has a 958Ha Exploration permit containing several diamond bearing kimberlites on its Timantti project, Kuusamo Finland. Arctic Star has optioned its Stein diamond project in Nunavut to GGL diamonds who plan work once Covid restrictions lift. The company continues to look for appropriate diamond opportunities elsewhere.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.

 

Patrick Power, President & CEO
+1 (604) 218-8772

[email protected]

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. 

 

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forward-looking statements” including but not limited to statements with respect to Arctic Star’s plans, the estimation of a mineral resource and the success of exploration activities. In this release it is not certain if the kimberlite discovered will be economic or not as this depends on many factors. Forward-looking statements, while based on management’s best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Factors that could affect our plans include our potential inability to raise funds as intended, and in such event we may require all funds raised, if any, to be used for working capital rather than the intended uses as outlined. Accordingly, readers should not place undue reliance on forwardlooking statements. Arctic Star undertakes no obligation or responsibility to update forwardlooking statements, except as required by law.

Copyright (c) 2021 TheNewswire – All rights reserved.





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Kiplin Metals Looks to Expand Uranium Project Portfolio Athabasca, Saskatchewan, Canada

 

Vancouver, British Columbia – TheNewswire – October 25th, 2021  – Kiplin Metals Inc. (the “Company”) (TSXV:KIP) (Frankfurt: 17G1) announces…

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Vancouver, British Columbia – TheNewswire – October 25th, 2021  – Kiplin Metals Inc. (the “Company”) (TSXV:KIP) (Frankfurt: 17G1) announces that its board of directors has commenced a strategic review of several uranium projects in Athabasca, Saskatchewan, Canada with the plan to expand the Company’s project portfolio.

Peter Born, Director of the Company commented; “after considerable consultation with our strategic advisors, the board has determined that, given the deep technical knowledge of our team, combined with the global initiative to transition the world’s energy needs away from fossil fuels, the company has initiated a strategic review of several uranium projects in Athabasca, Saskatchewan.  The company’s technical team has extension experience with uranium exploration and we are confident the addition will bring significant value to Kiplin Metals shareholders.”

About Kiplin Metals

Kiplin Metals is an early-stage exploration and development mining company.  The Company’s management understands that the greatest value creation for shareholders is through the discovery, and development of mineral resources, therefore the company focuses on project that can provide such impact.  Kiplin Metals has the rights to two highly perspective minerals exploration assets in Canada, a region in the world known for its resources, collaborative regulatory structure and stable economic and political environment.  

The Exxeter Gold Project covers an area of 715ha located in Val d’Or Quebec, one of the premier gold camps in the world which produced over 113.4M oz Au by the end of 2019. The project covers 3.8km of the Cadillac Tectonic zone, which is the principal geologic structure responsible for cold mineralization in the Val d’Or.

The Lac Rochester Copper Project is located on the eastern border of the Val d’Or mining camp, 50km southeast of the city of Val D’Or, and 14km south of the Company’s flagship property, the Exxeter Gold Project. Past exploration of the Lac Rochester Copper Project has identified multiple high copper and iron values, concurrent with a large, northeast trending magnetic anomaly.

For further information, contact the Company at 604-622-1199.

On behalf of the Board of Directors,

“Peter Born”

Director

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

Copyright (c) 2021 TheNewswire – All rights reserved.



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Klondike Gold Closes First Tranche Raising $2,242,851

NEW YORK, NY / ACCESSWIRE / October 25, 2021 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) ("Klondike Gold" or the "Company") is pleased to…

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NEW YORK, NY / ACCESSWIRE / October 25, 2021 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) (“Klondike Gold” or the “Company”) is pleased to announce that further to its news release of September 30, 2021, the Company has closed the first tranche (the “First Tranche”) of its non-brokered private placement financing, raising $2,242,851.25 of which $1,935,000 is flow through funds. The Company anticipates to close the balance of the financing in the coming weeks.

In closing the First Tranche, the Company issued 9,675,000 flow-through units at the price of $0.20 per unit, comprising of 9,675,000 common shares which are “flow through” shares for Canadian income tax purposes and 4,837,500 warrants. The Company further issued 1,759,150 non-flow-through units at a price of $0.175 per unit, comprising of 1,759,150 common shares and 879,575 warrants.

All warrants issued in the First Tranche of the financing are exercisable at a price of $0.25 per share until October 22, 2023.

All securities issued in connection with the First Tranche are subject to a four month and one day statutory hold period expiring on February 23, 2022, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The Company intends to use the proceeds from the financing to continue exploration and development of the Company’s Yukon properties, as well as for general working capital.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. To date, multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company is focused on exploration and development of its 586 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, YT within the Tr’ondëk Hwëch’in First Nation traditional territory.

ON BEHALF OF KLONDIKE GOLD CORP.

“Peter Tallman”
President and CEO
(604) 609-6138
E-mail: [email protected]
Website: www.klondikegoldcorp.com

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.

Disclaimer for Forward-Looking Information

“This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondike’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required.”

SOURCE: Klondike Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/669603/Klondike-Gold-Closes-First-Tranche-Raising-2242851





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Discovery Harbour Announces Results from First of Five Drill Holes on Caldera Gold Property, Nevada

Vancouver, British Columbia–(Newsfile Corp. – October 25, 2021) – Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the "Company"…

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Vancouver, British Columbia–(Newsfile Corp. – October 25, 2021) – Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the “Company” or “Discovery Harbour“) announces that the first of five drill holes results have been received from the Company’s Caldera drill program. Selected core from each of the five holes has been sent for analysis, with the next results expected in late November. The initial drill hole, CP21-01, has anomalous gold results up to 324 parts per billion gold over 1.4 metres. The drillhole intersected primarily volcanic tuffs, moderate to strong propylitic and argillic / sericitic alteration as well as multiple fault zones.

The Company completed drilling a total of slightly over 1900 metres, testing five low sulphidation epithermal gold targets (see map below) on the Caldera Property. Each hole was deeper than any previous drilling on Caldera and each site was selected to test the boiling zone, typically found at approximately 300+ metres below the paleo-surface, where precious metals are concentrated. The Caldera gold property lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.

Caldera Gold Project, Completed Drill Holes

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/1559/100776_fc1ee2a344e1c8fb_001full.jpg.

Alan Morris, CPG, is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release.

About Discovery Harbour
Discovery Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions. Its current primary focus is the drill program on Caldera, a low sulphidation epithermal gold project in Nevada. Additionally, Discovery Harbour has an agreement with Newcrest Mining Limited on its Fortuity 89 property in Nevada.

ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.

“Mark Fields”

Mark Fields, B. Sc. (Geology), B.Comm.(Hon.)
President and Chief Executive Officer
Discovery Harbour Resources Corp.
Tel: (604) 681-3170
Fax: (604) 681-3552

Disclaimer for Forward-Looking Information
This news release contains forward‐looking information that involves various risks and uncertainties regarding future events. Such forward‐looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Discovery Harbour, such as statements that Discovery Harbour intends to pursue the Caldera Project. There are numerous risks and uncertainties that could cause actual results and Discovery Harbour’s plans and objectives to differ materially from those expressed in the forward‐looking information, including: (i) adverse market conditions; (ii) exploration results, (iii) permitting requirements or (iv) the financial position of the Company. Actual results and future events could differ materially from those anticipated in such 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 are expressly qualified in their entirety by this notice. Except as required by law, Discovery Harbour does not intend to update these forward‐looking statements.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100776







newcrest mining limited

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