Wird es das Comback der Jahres GGL Resources (ehemals GGL Diamond) - 500 Beiträge pro Seite

[Golfbladerunner]

Seit mehr als 3 jahren sicht diese Aktie dahin !
Einst in 2007 stiess man zufaällig bei Bohrungen für Diamanten auf eines der grössten Nickelvorkommen .

Kursausbruch über 1 CAD danach im Sog der Wirtschaftskrise und Niedergang der Rohstoffpreise fast am Ende.
Jedoch bewegen nach mehr als 2 Jahren wieder grössere Mengen an Aktien und es ist ein zarter Aufwärtstrend zu erkennen.
Tiefstände von 0,035- 0,04 auf 0,10 im Handle von gestern bzw. freitag mit höchstwerten von 0,13.

Hier einige Informationen auf der Website http://www.gglresourcescorp.com/ hier ist auch die aktuelle Präsentation von der Genaralversammlung zu sehen.

[Golfbladerunner]

Ein paar Informationen zum damaligen Fund und dem allgemeinen Interesse

Pressemitteilung vom 12.04.2007 | 16:40
Pacific North West
Pacific North West Capital sucht in den North West Territories gemeinsam mit GGL Diamond nach neuen Nickel-Gebieten

Der Beginn der Bohrungen ist gemäß einer Option von PFN mit Xstrata Nickel in Timminis Ontario vorgesehen

11. April 2007, Vancouver, BC - Pacific North West Capital Corp. ("PFN") (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) freut sich bekannt zu geben, dass es als Teil eines Auftrages zur Erweiterung seines Projekt-Portfolios bei Platin-Gruppen und Basismetall-Projekten in Nordamerika den Erwerb einiger neuer Nickel-Projekte in und um die Nickel-Gebiete von GGL Diamonds (GGL:TSX.V) in den North West Territories herum gerade abschließt.

Die Geological Survey of Canada brachte vor kurzem ein Kartierungsprojekt zum Abschluss, welches eine umfassende Gesteinszone ergab, das großes Potenzial für ein Nickel-Vorkommen aufweist. Harry Barr, President und CEO von PFN, sagte: "Das Techniker-Team von GGL hat wahrscheinlich eines der ersten neuen Nickel-Gebiete seit der Erkundung von Voisey"s Bay entdeckt. Das Management von PFN freut sich, am Beginn dieses vermutlich ersten Erwerbes eines neuen Grundmetall-Gebietes in den North West Territories dabei zu sein."

Nach Abschluss des Kaufprogramms wird das Techniker-Team von PFN sein Budget und seinen Plan für das Explorationsprogramm 2007 vorlegen, welches voraussichtlich magnetische Airborne- und EM-Untersuchungen beinhalten wird, um potenzielle Zielgebiete für ein Nickel-Vorkommen zu erkunden. Die EM-Untersuchungen werden nach der Bodenerprobung zur Erkundung von Bohrzielen erfolgen. Weitere Meldungen bezüglich der Entwicklung der neuen Erwerbe von PFN im Winter Lake Supracrustal Belt (North West Territories) werden folgen.

[Golfbladerunner]

Zum allgemeinen Überblick !

http://www.24hgold.com/english/technical.aspx?id=4071808D501…

[Popeye82]

Zitat von Golfbladerunner: Einst in 2007 stiess man zufaällig bei Bohrungen für Diamanten auf eines der grössten Nickelvorkommen .

Müsste dafür nicht irgendwie, irgendwo Nickel vorhanden sein?!? Ich kanns nicht sehen.


P.S.: S.4 ff. der Presentation find ich sehr interessant anzuschauen(Wenn Explorer aber mit diesem "fetten Paket an Allgemeininformationen" kommen, spricht das meist nicht sooooo sehr für den Besagten. Kleine Faustregel. ).

Presentation sieht im übrigen für mich gesamtheitlich sehr unüberzeugend aus.

Gruß
P.

[Golfbladerunner]

ja leider die Präsentation ist nichtssagend in Bezug auf was sind die nächsten Schritte was sind die Ziele für 2011 ,es wird nur aufgezeigt welches potential in den Liegenschaften schlummert.

Das ist typisch eine von Geologen geführte Explorerfirma die breitgestreut untersuchen.
Leider kein Focus und keine klare Strategie.

Jedoch könnte das Potential vorallem das Nickel und Gold/Kupfer projekt Investoren mit entsprechenden Fokus auf den Plan rufen.

Die Kursentwicklung deutet sowas vileleicht an !

lg Blade

[Maibrause]

Antwort auf Beitrag Nr.: 40.838.813 von Golfbladerunner am 11.01.11 13:15:26

Kann funktionieren, es geht so langsam wieder los.

[Golfbladerunner]

Das ist die Meldung von 2007 als Sie zufällig das Nickelvorkommen entdeckten !
GGL DISCOVERS NICKEL WHILE EXPLORING FOR DIAMONDS AND NOW HOLDS 80 KM OF PROSPECTIVE NICKEL BELT
April 04, 2007
Vancouver, British Columbia, April 4, 2007 - The Company (GGL Diamond Corp., TSXV: GGL) (“GGL”)is pleased to report that in the course of its diamond exploration activities in the Winter Lake area in the Northwest Territories, it has made a discovery of nickel mineralization.


A number of factors, detailed below, point to this discovery as possibly being the first new nickel area discovered in Canada since Voisey’s Bay. The Company has worked to confirm its initial geological assessment of the significance of this discovery and to stake additional claims to cover the most prospective portions of the belt. The staking has now been completed. The Company’s claims now cover an area about 80 km in length and up to 20 km in width.

The discovery lies within an extensive belt of rocks previously identified by a mapping project funded by the Geological Survey of Canada and reported as having the potential for hosting magmatic nickel mineralization.



The belt, named the Winter Lake Supracrustal Belt, includes large volumes of mafic and ultramafic rocks, dated as being 2.7 billion years old and including tholeiitic basalts, komatiites, serpentinized peridotite, and gabbro intrusions. The belt features deep- penetrating faults, sulphur-bearing sediments in the form of black shales and massive sulphides. The various rock units within the belt are strongly deformed and have similarities to lithologic sequences that are known to host world-class nickel deposits.



Included within the belt of rocks underlying the property area are komatiites, which are very magnesium-rich volcanic rocks generally found only in early Precambrian sequences.



A remarkable global outpouring of komatiites occurred around 2.7 billion years ago, and many of these host a significant proportion of the world’s sulphide nickel resources. Examples include the Thompson Nickel Belt (TNB) of Manitoba, the Raglan belt in northernmost Quebec, the Kambalda deposit in Western Australia, and Hunter’s Road in Zimbabwe. All feature similar settings within unique geological belts developed along extensive fault or suture zones that transect the early Precambrian cratons within which they occur.



The presence of nickel in sulphide and associated elements, coupled with the chemistry of the mafic and ultramafic rocks in this newly defined belt are indicative of their potential to host significant nickel deposits.



Illustrating the potential of these belts, INCO first began exploring the Thompson Nickel Belt in 1946 and has continued to make discoveries to this day. It is significant that there are five deposits over a 70 km stretch at Thompson and 10 known deposits over a strike length of 55 km in the Raglan belt.



In view of the potential for multiple deposits and the occurrence of sulphide nickel, confirmed in this case by an assay of a grab sample and the discovery of anomalous nickel values in soils over a strike length of over 30 km, the opportunity has been afforded your Company to acquire by staking as much of the newly defined belt as has been demonstrated to be prospective for sulphide nickel mineralization.



Following the recognition of the nickel potential of the new belt, an intensive search of available literature of the world’s nickel deposits and the chemical signatures of both the host rocks, mineralization and exploration techniques used to discover thesedeposits was undertaken.



Much of the information for the Slave Craton has only become available in the last few years and provided the evidence of the potential of this new area. This information was in the form of reports describing the geological and metallogenic evolution of the Craton and a new bedrock compilation map.



Historically, most of the major known nickel sulphide camps worldwide were discovered by way of regional prospecting and sampling programs. Examples include Sudbury, Nori’lsk, Kambalda, Thompson, Raglan and most recently, Voisey’s Bay. Modern day techniques in the search for nickel deposits include a combination of geological, geophysical and geochemical exploration methods, used to detect physical or chemical haloes that are much larger than the orebodies themselves.



In Ni sulphide exploration, a processed magnetic map can define the contacts of the mafic-ultramafic host rock as well as linear features that may be indicative of sulphide mineralization. Such interpreted near-surface magnetic linears usually have a corresponding electromagnetic (EM) response. Accordingly, electromagnetic and magnetic geophysical surveys are commonly used to define drill targets for nickel mineralization.



Geophysics is also a prime exploration method for kimberlites and during our diamond exploration on the Slave Craton, we contracted Fugro Airborne Surveys, the world’s largest geophysical company, to conduct extensive and detailed helicopter airborne magnetic and EM surveys on our behalf. The survey was completed at a line spacing of 60 metres, providing exceptional detail for interpretation and covering a strike length of 33 km of what we now recognize as the potential nickel belt. The geophysical data obtained by Fugro was then sent to Condor Consulting Inc., a Denver-based geophysical consulting group whose clients include some of the largest mining companies with world-wide projects. The data was enhanced by the use of proprietary software and the interpretation initially directed to find kimberlites has now been reassessed to outline and define potential target areas for nickel mineralization.



Attention was first directed to the area of the nickel in sulphides found in a grab sample collected from the edge of a 60 metres by 20 metres outcrop of serpentinite, an altered ultramafic rock. The sample lies within a 600 metres by 100 metres, northeast trending, linear magnetic high which is coincident with an EM conductive zone. This conductive zone is one of three within an approx. 2 km long linear magnetic high.



The rock was identified and the sample collected by John Knight, P. Geol., Consulting Geologist and Ken Frew, a geological technician. At the time, these individuals were operating under a tight schedule prior to freeze up and were checking for the presence of kimberlites. This sample and other non-diamond specific samples, weremarked for later follow up and if warranted, for assay. This sample was subsequently assayed and the assay results for this particular sample were noted. The ICP-ES (total nickel) returned 0.447% Ni, 0.586% Cr2O3 and 0.73% total sulphur, the ICP-MS (nickel sulphide content) returned 0.41% Ni, 178.1 ppm Cu and 214.9 ppm Co. A 30 gm sample, tested by fire geochem & ICP-MS returned 71 ppb Pt (platinum) and 91 ppb Pd (palladium).



With a 31.93% MgO content, the sample is magnesium-rich. The plot for lanthanum (ppm) vs MgO (wt %) and the plot for palladium vs MgO lie in the alumina-undepleted komatiite field which is characteristic of the Thompson and Kambalda nickel areas.



The foregoing results prompted a re-examination of exploration data for the remainder of the claim area. During the sampling program for diamond exploration, soil samples were routinely collected and assayed. Our geologists noted that on occasion, high Ni values were being reported sporadically over a 33 km interval within the Company’s 100% owned claims. Several areas in particular were of interest including one area 25 km north of the nickel discovery which included samples with anomalous values for Ni, Cu, Co, Cr, Fe, V and Ti. Significantly, the value for copper (Cu) in the glacial till (260 ppm) is higher than the value for copper in the grab sample collected (178 ppm). The area is overburden covered although an outcrop of gossan (a weathered area that may occur over sulphides) was noted. The government geological maps showed this area to be underlain by undifferentiated mafic volcanic rocks.



An interpretation of electromagnetic signatures for this area outlined a fold-like structure 15 km long by between 500 metres to 2 km wide. The limbs of the outlined “fold” vary from less than 10 metres to more than 400 metres in thickness. The fold structure as outlined by the EM survey takes the form of an elongated figure eight where the limbs of the EM anomaly almost join at the center of the figure eight. The positive soil samples and gossans in the area render this geophysical target a prime area for future exploration.



Six kilometres south of the southern part of the foregoing fold structure, a number of parallel EM anomalies, with apparent thicknesses of 200 metres, can be traced over a northeast trend of 14 kilometres. Along the western edge of the belt where komatiitic volcanics have been mapped, up to six parallel linear EM anomalies can be traced for at least 10 kilometres.



The current and future demand for sulphide nickel is well demonstrated and the recent recognition of sulphide nickel potential on the Company’s new claims may be indicative of a new nickel area, one of the first discovered in Canada since Voisey’s Bay. Current evidence confirms that additional exploratory work is warranted. The Company believes we have a major nickel area and we will be implementing a plan of exploration to test our targets.



The Qualified Persons for the Company are John Knight, P. Geol., Consulting Geologist and N. C. Carter, Ph.D., P. Eng., Consulting Geologist.

About GGL

GGL is a junior diamond exploration company. Its primary focus has been on exploring for diamonds on the Slave Craton in the Northwest Territories, Canada, since 1992. At present GGL has a 100% interest in approximately 400,000 acres of mineral claims and leases and a 40% carried interest (De Beers Canada Inc. 60%) in leases containing 12,757 acres. GGL also has a 100% interest in the McConnell Creek gold and porphyry copper property within the highly mineralized Quesnel Trough in north-central British Columbia and located 15km south of the Kemess South gold-copper mine.

The Company intends to advance its excellent opportunities to find a diamond deposit. Increasing shareholder value with the new commodities may create the synergy needed to successfully complete all our projects.

GGL DIAMOND CORP.

“Raymond A. Hrkac”

[Golfbladerunner]

Ja vielleicht wird es wieder was !
In den news Archiv zu lesen => http://www.24hgold.com/english/management.aspx?id=4071808D5010&market=GGL.V ab der entdeckung des Nickel Belts also Mitte 2007 und den Aktivitäten bzw. Untersuchungen danach ist ziemlich klar zu erkennen das die Finanzierungen gefehlt haben um die Projekte voranzutreiben.

Aber es ist ein Riesenpotential vorhanden ,das wenn Investoren vorhanden sind und Finanzexperten in den vorstand einsteigen dann könnte es wirklich was werden.

Ich beobachte das unternehmen schon sehr lange ,habe auch immer versucht billig einzukaufen mit geringen Erfolg ,es sind speziell in DE keine bzw. nur wenige Aktien abgegeben worden.

lg Blade

[Popeye82]

Zitat von Golfbladerunner: Einst in 2007 stiess man zufaällig bei Bohrungen für Diamanten auf eines der grössten Nickelvorkommen.

Zitat von Golfbladerunner: GGL DISCOVERS NICKEL WHILE EXPLORING FOR DIAMONDS AND NOW HOLDS 80 KM OF PROSPECTIVE NICKEL BELT - April 04, 2007

Na, na, na -großes/grösstes/n &"80 Km of Prospective Nickel Belt" ist aber ein BISSCHEN was anderes.

Und wenn man sich, allgemein, wie hier konkret, die Meldung(en)/Aussage(n) "aufs wesentliche runterreduziert", dann sieht das nooooochmal ganze Ecke anders aus.

Also ich versteh´ schon, warum das Ding so abgeschmiert ist -haben ja nix vorzuweisen.

Gruß
P.

[Golfbladerunner]

Na da ist das Originalzitat bzw. die Meldung ! Es ist doch etwas mehr und sicher ist der Wert vom %Gehalt abhängig siehe unten fettgedruckt.

Es wird sich zeigen ob das was Wert ist !
das ganze ist im NewsArchiv nachzulesen ! in der gleich Pressemeldung ist auch ein Update des Gold und Kupfer projekts zulesen

Warten wir ab was ind den nächsten Monaten kommt.

Blade


Sample analysis - nickel property


Work to date continues to confirm that we have acquired an extensively mineralized greenstone belt featuring numerous gossan areas mineralized with sulphides that vary from disseminated to massive, with the potential to host nickel as well as other base and precious metals.

As previously reported, in June, GGL’s exploration team began a program of “reconnaissance” work on the nickel belt property, to locate and sample gossans (rusty zones overlying a sulphide deposit) and to do orientation mapping and additional soil sampling.


Since mid-June, three sets of rock samples have been collected on the property by GGL’s field crews. A total of 346 rock samples have been submitted for assay. To date, the Company has received reports on only part of the requested assay procedures from the first of the three sets of samples and is currently evaluating those results.

The delay is due to the current high demand for analytical services at the laboratory.


Three sets of soil samples, for a total of 963 samples, have also been taken; the results from the first set of soil samples have not all been received as of this date. The Company awaits receipt of the remainder of the first set of results as well as reports for the second and third sets of rock and soil samples.

The rock and soil sample results, which include, at a minimum, numerical representations for 39 elements, as well as follow-up reports, will be compiled, located, studied in detail and then viewed together, when all of the results have been received. This analysis will help to guide the next phase of the project, and assist in prioritizing areas where ground geophysical surveys are needed and in preparation for a drilling program.


Before the Company issues any results publicly, the exploration results must be examined by the Company’s Qualified Persons for the nickel project. The Company is proceeding as quickly as it can, while being responsible and diligent, and acting in the interests of all shareholders.


GGL’s Winter Lake property includes 116 claims and covers 256,489.77 acres. Given the size of the nickel property (120 km from the north to the south end of the property and an average of 30 km in width), the design of an effective program requires that the Company adhere to a logical sequence of steps in the exploration process.

The reconnaissance mapping and sampling work represents a significant project in itself. (For photographs and maps of the nickel property, please see the PowerPoint presentation made at the Annual General Meeting on July 31. Go to: http://ggldiamond.ca/agm/AGM_FINAL_2007.pdf . Page 68 provides an idea of the size of the property - when a map of the nickel property is superimposed on a section of the British Columbia Fraser Valley, which extends from Vancouver to Hope.)


Not all of the previously identified high priority geophysical conductors are accessible for surface examination because they lie under lakes or are hidden by overburden. Consequently, geochemical sampling will be required to prioritize these areas. All of these priority geophysical conductors have the potential to be drill targets.


The claims staked in April this year and since then do not yet have geophysical coverage. However, our exploration crews have succeeded in locating and sampling sulphides in these areas.

[Golfbladerunner]

Hier ist ein Unabhängiger Bericht über das Nickel Projekt

http://www.gglresourcescorp.com/cmsfiles/articles/Northern%2…

[Golfbladerunner]

09:33:00 V 0.115 0.015 10,000 1 Anonymous 85 Scotia K
09:33:00 V 0.115 0.015 500 85 Scotia 85 Scotia K
09:32:39 V 0.115 0.015 30,000 85 Scotia 85 Scotia K
09:30:32 V 0.115 0.015 3,000 85 Scotia 85 Scotia K
09:30:32 V 0.115 0.015 16,500 85 Scotia 9 BMO Nesbitt K
09:30:00 V 0.11 0.01 7,000 2 RBC 7 TD Sec K
09:30:00 V 0.11 0.01 3,000 85 Scotia 7 TD Sec K
09:30:00 V 0.11 0.01 40,000 85 Scotia 85 Scotia KL


schaut nach einen weiteren grünen Tag aus !

[Popeye82]

Zitat von Golfbladerunner: The reconnaissance mapping and sampling work represents a significant project in itself. ...

Ja, sowas darf man dann immer von Explorern lesen.

Ich halte solche Äusserungen ja noch nichtmal für gaaaaanz unverständlich, aber Angestellter in einem Unternehmen vs. Anleger ist einfach, oft -meist, eine GAAAAANZ andere Perspektive.


Ich wünsch Dir ja ein gutes abschneiden, aber für mich wär es nix -Du hast/hattest hier einfach schon ne ganze Ecke mehr reininterpretiert, als de Facto da ist.

Gruß
P.

[Golfbladerunner]

Danke !

Dir auch alles Gute und viel erfolg mit Deinen Investments !

lg Blade

[Golfbladerunner]

Recent Trades - Last 10 of 97
Time ET Ex Price Change Volume Buyer Seller Markers
15:16:37 V 0.13 0.03 500 85 Scotia 9 BMO Nesbitt K
15:15:56 V 0.135 0.035 25,000 7 TD Sec 7 TD Sec K
15:15:56 V 0.135 0.035 17,000 7 TD Sec 9 BMO Nesbitt K
15:15:56 V 0.135 0.035 23,500 7 TD Sec 7 TD Sec K
15:15:10 V 0.135 0.035 500 99 Jitney 7 TD Sec K
15:13:01 V 0.135 0.035 25,000 1 Anonymous 7 TD Sec K
15:09:28 V 0.135 0.035 1,000 85 Scotia 7 TD Sec K
15:08:45 V 0.13 0.03 50,000 85 Scotia 7 TD Sec K
15:08:45 V 0.13 0.03 3,000 85 Scotia 85 Scotia K
15:08:45 V 0.13 0.03 43,500 85 Scotia 9 BMO Nesbitt K

[Golfbladerunner]

der positive trend setzt sich fort ,vorallem das Volumen steigt !
Jetzt wäre interessant was wirklich dahinter steckt ?
Neue Bohrergebnisse oder Einstieg eines langfristigen Investor oder eine Empfehlung

[FritzFaber]

Anstieg könnte hiermit was zu tun haben:
http://www.gglresourcescorp.com/cmsfiles/sharestructures/Sha… Structure Oct 28 2010.pdf

[Golfbladerunner]

danke ja das könnte auch ein grund sein ,passiert häufig !

[fvogel]

Rio Tinto haelt weiter an der Exploration des CH Projekt fest.

http://www.gglresourcescorp.com/index.php?m=newsitem&item=16…

RIO TINTO PLANS 2011 DIAMOND EXPLORATION

February 07, 2011

download PDF (14.5166015625KB) »

VANCOUVER, British Columbia, Canada – GGL Resources Corp. (TSX-V: GGL) (“GGL”) is pleased to report that Rio Tinto Exploration Canada Inc. (“RIO”) (formerly, Kennecott Canada Exploration Inc.) has notified GGL that it is planning to budget approximately $650,000 for diamond exploration on the CH Project claims. The CH Project Area (“Property”) is located some 250 kilometers north of Yellowknife in the Northwest Territories (NT) of Canada. The Property lies within an area measuring 60 km east-west by 80 km north-south, and begins 30 km west of the Diavik Diamond Mine.

The 2011 programme will focus on geophysical targets located by ground gravity surveys that were conducted last year and will consist primarily of drilling of a number of these targets. Kimberlite indicator mineral trains helped to focus the areas for the 2010 ground gravity surveys. The drilling is expected to begin this March/April.

In February 2009, GGL and RIO signed an Exploration and Option Agreement which gave RIO the sole and exclusive right and option to acquire, subject to Royalties, a 100% interest in the Property, by incurring expenditures of $10,000,000 on or before December 31, 2016, of which $900,000 is a commitment to be spent on or before December 31, 2011. This commitment will be exceeded with the completion of the planned 2011 program. In order to exercise the option RIO must provide GGL additional yearly payments beginning in 2013, to total $1,000,000 on or before December 31, 2016.

ABOUT GGL RESOURCES CORP.
GGL is a Canadian mineral exploration company that owns a large land position covering a greenstone belt in the NT upon which GGL has made new discoveries of gold, VMS, and nickel. Also in the NT and in addition to the RIO Option, GGL has a diamond exploration joint venture with De Beers Canada Inc. (“De Beers”) adjoining the Gahcho Kue diamond discovery owned by De Beers and Mountain Province Diamonds Inc., and GGL has a 100% interest in other diamond exploration claims and leases.
In British Columbia GGL owns the McConnell Creek Gold Property located 20 km southeast of the Kemess South producing gold-copper mine.

GGL RESOURCES CORP.

“Raymond A. Hrkac”

Raymond A. Hrkac
President & CEO

For further information, email: [e-mail] or visit our web site at www.gglresourcescorp.com.

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.

Forward-Looking Information: This news release contains “forward-looking statements” and the cautions regarding such statements apply.

[MadMod]

Auf Wunsch wiederbelebt

[hbg55]

Antwort auf Beitrag Nr.: 44.129.828 von MadMod am 12.02.13 10:22:57

thx MM


.....DENN, wie auf nachfolg. chart unschwer erkennbar, ´bewegt´ sich grad
wieder was bei GGL..........





zb. im diamond - bereich, wie wir jüngster meldung entnehmen können....


Arctic Star acquires Shoe property beside Redemption

2013-02-08 13:39 ET - News Release

See News Release (C-ADD) Arctic Star Exploration Corp (2)

Mr. Patrick Power of Arctic Star reports

ARCTIC STAR INCREASES LAND POSITION IN NT DIAMOND PROJECT

Arctic Star Exploration Corp. has signed an agreement with GGL Resource Corp. regarding four mining leases totalling 4,200 hectares in area (approximate), south of Lac de Gras (the Shoe property). Arctic Star has acquired a 100-per-cent interest in the Shoe property at the cost of $50,000. GGL retains a 1.5-per-cent gross overriding royalty on any diamond production from the property and a 1.5-per-cent NSR (net smelter royalty) for any other commodity mined. Arctic Star may buy 0.5 per cent of this royalty for $2-million.

The Shoe property is contiguous with Arctic Star's recently staked Redemption project. The company now holds approximately 11,500 hectares in the combined properties. Arctic's consolidated ground lies in an area where at least three prominent diamond indicator mineral trains, containing excellent chemistry, terminate.

Airborne geophysics shows several yet-to-be-drill-tested electromagnetic anomalies that, if drilling intersects kimberlite, are perfectly positioned to explain these trains. Arctic's 11,500 100-per-cent-owned contiguous hectares lie within the Lac de Gras area, which hosts three producing diamond mines, the closest being Ekati, 27 kilometres from Arctic's property. The Ekati mine began production in 1998 and is still in production today.

Arctic Star plans to conduct drill testing, and is currently obtaining all the permits and permissions to do so. The author of this news release is Buddy Doyle, member, Australasian Institute of Mining and Metallurgy, a geologist with 30 years experience, and the qualified person is Kevin Kivi, PGeol, as per the guidelines given in National Instrument 43-101.