Arctic Star Exploration Corp.
TSX VENTURE : ADD

June 20, 2012 08:00 ET

Arctic Star Reports Channel Sampling at the El Havila Property, Colombia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2012) - Arctic Star Exploration Corp. (TSX VENTURE:ADD) (the "Company" or "Arctic Star") is pleased to report assays from its systematic outcrop channel sampling on the El Havila property (the "Property"), located near Frontino, Colombia.

Previously Arctic Star had demonstrated the presence of gold and base metal mineralisation on the property by taking 68 grab samples during a due diligence visit to the property earlier this year (see news release dated March 15th, 2012). Samples of up to 15g/t Au, 21.2% Cu and 17.7% Zn where recovered at that time. The results were encouraging enough to prompt the channel sampling program reported in this news release.

Channel sampling is a systematic method of sampling bedrock. In this instance Arctic Star employed a diamond-blade power saw that cuts two parallel slots, 7cm wide apart, 10-15 cm into bedrock. This slot is then chiselled out in one meter intervals to make the sample. The objective is to get at least one such channel across the majority of the available outcrop at the site. Outcrop is limited so the channel sampling is semi-continuous. The mineralisation at El Havila is hosted in an altered volcanic breccia, with zones of higher sulphide concentrations and veins. Best efforts were made to cut channels perpendicular where obvious structures and veins were encountered. The outcrop exposure pattern at El Havila meant that the samples were grouped in three separate exposure areas: Areas 1, 2, and 3. In total 127 one meter long bedrock surface channel samples were taken.

Of the 127 bedrock surface channel samples taken, 61of the samples (48%), returned gold greater than 0.1g/t Au, 24 of the samples (18%) returned greater than 0.3g/t Au, 15 of the samples (11%) returned greater than 0.5g/t Au and 5 samples retuned greater than 1g/t. The highest grade gold sample reported was 14.7g/t over one metre. Channel samples that exceed 0.5g/t are tabulated below. Of the three separate outcrop areas sampled, two returned anomalous gold greater than 0.5g/t. The results from these 2 areas are listed in the tables below. Where the one meter long samples were contiguous/or semi-continuous, they are grouped and the assays results averaged.

Table 1: Channel samples >0.5g/t Area 2

Channel sample number Au
(g Au/T)
Cu
(percent)
Zn
(Percent)
Width
(meters)
2012, 2013, 2014 (average) 0.519 0.03 0.01 3
2062, 2063, 2064 (average) 0.886 0.04 0.02 3
2069, 2070 (average) 0.558 0.13 0.09 2
2078 0.748 0.33 2.99 1
2031 14.1 0.05 0.02 1
2096 0.912 0.06 0.11 1

Table 2: Channel Samples >0.5g/t Au Area 3

Channel sample number Assay
(g Au/T)
Cu
(percent)
Zn
(Percent)
Width
(meters)
2048, 2049 (average) 0.786 1.18 5.16 2
2037, 2038 (average) 0.975 4.53 0.19 2

The Copper and Zinc assays are also listed in tables 1 and 2 and it is notable that area 3 has higher Copper (up to 4.53%) and Zinc (up to 5.16%) than the other two areas sampled, suggesting some zoning in the mineralisation.

Arctic Star is encouraged that the channel sampling verifies that the El Havila prospect is mineralised in gold with about half the exposed outcrop with gold over 0.1ppm gold and with channel samples repeating some of the higher grade grab samples assays in outcrop. The rock exposure at El Havila is limited to a 400m section where creek erosion and landslides allows access. The next step in the exploration program is to define the extent of the mineralization and its altered breccia host, which is predominantly obscured by vegetation and a unconformable mudstone cover sequence. Arctic Star is instigating an airborne geophysical survey, soil geochemical sampling and ground geophysical program designed to achieve an understanding of the extent of the mineralized host rock.

Kevin R. Kivi, P.Geo., planned and supervised the channel sampling program, implemented chain of custody and sample security protocols, and is the qualified person who approved this news release as per NI 43-101 guidelines.

Quality Control was monitored by analysis of all samples with 50g Fire Assay and Neutron Activation (NAA) for gold. The gold fire assays and NAA gold analyses correlate well. Fire Assays are reported here.

Channel samples were analysed by Acme Analytical Laboratories (Vancouver) Ltd., Vancouver, BC, which is an ISO/IEC 17025:2005 accredited lab by Standards Council of Canada.

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

Patrick Power, President

Forward-Looking Statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events such as the work program to be conducted by Arctic. Such forward-looking information can include statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Arctic such as our ability to raise financing, geological information resulting in changed plans for exploration, our ability to contract equipment and labor, current economic conditions and the state of mineral exploration and mineral prices in general. In addition, despite encouraging results, there may be no commercially viable mineralization on the property. These risks and uncertainties could cause actual results and Arctic's plans and objectives to differ materially from those expressed in the forward-looking 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 expressly qualified in their entirety by this notice. Except as required by law, Arctic assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

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.

Contact Information

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