Arctic Star recovers commercial-sized diamonds from the other half of the small-diameter Discovery Hole at the newly found Sequoia Kimberlite, NWT
Almost exactly 30 years after the announcement by Chuck Fipke‘s Dia Met Minerals Ltd. in November 1991 to have found 89 microdiamonds in a 59 kg drill core sample in the vicinity of Lac de Gras, NWT, Pat Power‘s and Buddy Doyle‘s Arctic Star Exploration Corp. today announced to have recovered commercial-sized diamonds from the other half of the core from Discovery Hole DG2021-04 at the recently found Sequoia Kimberlite Complex located some 30 km east of the Ekati, North-America‘s first diamond mine that began mining operations in 1998.
Arctic Star Exploration is a junior natural resource company engaged in the acquisition, exploration and development of mineral properties. Co. is in the process of exploring its resource properties and has not determined whether these properties contain mineral reserves which are economically recoverable. The recoverability of amounts shown for resource properties and related deferred costs is dependent upon the discovery of economically recoverable reserves, the ability of Co. to obtain necessary financing to complete the development and future profitable production from the property or proceeds from its disposition.
Rockstone is a research house specialized in the analysis and valuation of capital markets and publicly listed companies. The focus is set on exploration, development and production of resource deposits as well as marcoeconomic analysis of commodity and currency markets. Our international team of five analysts bring our German and English speaking readership a wealth of experience from the commodity markets: Stephan Bogner (mining analyst), John P. Barry (professional geologist), Chris Berry (macroeconomist), Prof. Dr. Hans Bocker (award-winning book author), and Boris Gerjovic (fundamental analyst).
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