Arrowstar Starts Program on Alaska Iron Ore Property
VANCOUVER, June 6, 2012 /PRNewswire/ - Robert L. Card, President of Arrowstar Resources Ltd., ("Arrowstar" or the "Company") (TSXV: AWS), is pleased to report that Company personnel have expedited to Alaska to begin the first exploration Phase on the Company's Alaska iron ore project located near Port Snettisham, about 30 miles SE of Juneau, the State Capitol of Alaska.
The team is composed of Senior Geologist and Vice President of Exploration, Phillip Thomas, along with a technician and a prospector. The Team will conduct mapping, hand held geophysics data collection and sample work over the Snettisham iron ore prospect with a view to upgrade the known information to National Instrument (NI) 43-101 compliant data to aid the Company in further exploration and development of the project.
This Phase of work is expected to take 7-10 days and will help pave the way for further exploration including a proposed drilling program to confirm the grade and quantity of the previously studied magnetite ore resource situated on the prospect claims. The goal of the team is to take up 1400 samples of mineralization which can be assayed and analyzed to provide a surface profile of the property, and a correlation between the magnetic signal of the magnetite and the contained Fe values, that will assist in locating drilling locations. Some of the proposed drilling in the next Phase will be designed to confirm results of some of the previous 49 holes drilled on the property for grade and structure. The Company intends to initiate the drilling phase soon after the sample program and ground geophysics program has been completed and the samples analyzed and mapped.
Further drilling, mapping and design work is expected to proceed as exploration is pushed forward into the autumn months.
Phillip Thomas, BSc, MBus, MAIG, a Qualified Person under NI 43-101, has reviewed the content of this release.
On Behalf of the Board of Directors,
Arrowstar Resources Ltd.
"Robert L. Card"
Robert L. Card
"Neither 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 Statements: This document includes forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning AWS's planned exploration programs and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although AWS believes that its expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements are disclosed under the heading "Risk Factors" and elsewhere in the corporation's periodic filings with Canadian securities regulators.
SOURCE Arrowstar Resources Ltd.