Arctic Star strikes new kimberlite at Diagras, expects more discoveries
(Kitco News) - Arctic Star Exploration (TSXV: ADD) announced today that it has made a new discovery on the Diagras project in the Lac de Gras kimberlite field, Northwest Territory, 380km north of Yellowknife. The discovery has been named the Birch Kimberlite.
The company said it was discovered by drilling a vertical hole into a EM and gravity anomaly. The anomaly also occupies a distinct gap in an otherwise continuous Mackenzie diabase dyke in the magnetic data.
Kimberlite was discovered after drilling 28m through 11m of water and 17m of overburden (glacial till). The drill exited the kimberlite at 71m. A second hole from the same drill setup is underway to obtain more kimberlite for caustic fusion.
VP Exploration Buddy Doyle commented, "We are all elated to strike kimberlite so early in our 2021 exploration program. It proves our exploration concept, we expect more discoveries as we proceed."
The Diagras project is a joint venture with Margaret Lake Diamonds. Arctic is the manager and operator of this joint venture.