- Arctic Star Exploration Corp. (ADD) has discovered a fourth kimberlite in its spring 2021 exploration program at the Diagras Project in the Northwest Territories
- The Cedar kimberlite, as it is being called, was found by drilling a distinct electromagnetic anomaly 150 metres south of the known Penelope kimberlite
- Samples from the three previous kimberlites have been sent to laboratories for testing
- Margaret Lake Diamonds (DIA) is down 4.76 per cent and trading at $0.10 per share
- Arctic Star Exploration (ADD) finished trading up 4.00 per cent on the day, trading at $0.26 per share
Arctic Star Exploration Corp. (ADD) has discovered a fourth kimberlite in its spring 2021 exploration program at the Diagras Project.
The Cedar kimberlite, as it is being called, was found by drilling a distinct electromagnetic anomaly 150 metres south of the known Penelope kimberlite.
Drilling encountered kimberlite below the overburden at 31 metres deep, and at the time of the news release, the drill continued to intersect kimberlite at 67 metres.
Last week, the drill finished testing the Adler kimberlite and completed the hole in kimberlite at 193m. The first samples from the Birch kimberlite and the Sequoia kimberlite are being sent to two separate laboratories to increase the sample turnaround speed.
The Diagras Property, located in the Northwest Territories, is owned by Margaret Lake Diamonds (DIA) and operated by Arctic Star Exploration, who is executing the drill program.
Margaret Lake Diamonds (DIA) is down 4.76 per cent and trading at $0.10 per share at market close.