Arctic Star Diamond Corp.

Arctic Star Diamond Corp.

March 14, 2007 15:13 ET

Arctic Star Mobilized at Credit Lake

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 14, 2007) - Arctic Star Diamond Corp. (the "Company") (TSX VENTURE:ADD) is pleased to announce the field crews have mobilized to the Credit Lake property, Northwest Territories. The first phase of work will consist of a seismic refraction focused in the "Witch Bowl" area. Both magnetometer and gravity surveys are also planned: this work is designed to enhance drill targets on the property.

The Credit Lake property contains several indicator mineral dispersion trains, and the company has been diligently tracking down the source of these trains over the last three years. Recent till sampling results show that one of the more prominent dispersion trains ends at a small lake. This area has been dubbed the Witch Bowl and measures about 150m by 350m. Mineral indicator counts of up to 980 separate grains from an 18 kg sample can be found here, whereas just up ice the counts drop to zero: This strongly suggests the source is nearby. The indicator mineral grains in the Witch Bowl area are angular, have delicate surface coats and show kimberlite injected into surface fractures and cracks, all further signs of a source at close proximity. The indicator mineral grains have been analyzed by electron microprobe and the results demonstrate that their source should be well mineralized with diamond.

The seismic refraction survey should show the depth of till over the Witch bowl area and may also directly detect kimberlite as a velocity contrast anomaly beneath the till. A magnetometer survey will enhance subtle magnetic targets already recognized in the area.

A drill rig and crew are slated to mobilize on March 19, 2007 and should be drilling in the Witch bowl area by March 21, 2007: weather permitting. The drill targets will be seismic, topographic, gravity and magnetic targets with the Witch Bowl area.

Once finished in the Witch Bowl area the geophysical crews and drill rig will move on to the other mineral indicator dispersion trains on the property.

Buddy Doyle AUSIMM, a qualified person, takes responsibility for the accuracy of technical information contained in this news release.

This news release contains forward-looking statements.

On behalf of the Board of Directors


Patrick Power, President and Director

This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Arctic Star Diamond Corp.
    Patrick Power
    President and Director
    (604) 689-1799
    (604) 689-8199 (FAX)