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Arrowstar to Drill Alaska Iron Ore Project

Arrowstar Resources Ltd., (AWS.V) reports that the Company is planning to diamond core drill the Snettisham magnetite iron ore deposit located near Juneau, Alaska this fall. The Company recently completed a ground magnetic survey of the property.

The company has identified five drill hole locations on this large high magnetic target in addition to two close to the foreshore. The drilling program is designed to better determine the extent of the mineralization at depth, the mineralogy, the contact rock and the magnitude of the resource.

Arrowstar is down 12.5% to 7 cents.

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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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