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Arctic Star Identifies Diamond Targets for Drilling in Lac de Gras, NWT

Arctic Star Exploration Corp. (ADD.V) expanded on its plans to reignite its diamond exploration activities in the Lac de Gras diamond fields in the Northwest Territories.

The company's focus involves recently-staked claims in the Lac de Gras area. Notably, these claims are at the head of Arctic's prominent diamond indicator mineral train just to the east of the project area that was extensively explored by the Company between 2004 and 2010.

There are already three producing diamond mines in the Lac de Gras area. These are comprised of a number of economic diamond kimberlite pipes and dykes within a prolific diamond field consisting of more than 200 kimberlites.

The company commissioned a Max-Min ground EM survey which successfully pinpointed the target on the ground with enough accuracy to allow a drill set up. Drill testing will commence as soon as the necessary permits are in-hand, which the company expects to obtain in the latter part of the first quarter of 2013.

ADD shares were unchanged at $0.19 on volume of 74,000.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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