Arrowstar Resources Ltd.: Excellent Snettisham Exploration Sample Test Results
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Arrowstar Resources Ltd.: Excellent Snettisham Exploration Sample Test Results
Highlights:
•Ten grab samples were tested for magnetic separation using a Davis Tube Test: Sample 9 achieved 86.7% that contained 57% Fe, and Sample 4 achieved 57.2% that contained 40.8% Fe. This was very encouraging and further work will be undertaken.
•A bulk sampling program will be undertaken in the next few weeks to concentrate the sampling in these two areas to determine the extent of each occurrence.
Vancouver, B.C. – July 3, 2012, Robert L. Card, President of Arrowstar Resources Ltd. (“Arrowstar” or the “Company”) (TSXV: AWS), is pleased to report that Phillip Thomas, Vice –President Exploration and Director of the Company, has received the final results of the samples taken from Port Snettisham, in Alaska in June 2012.
The Davis Tube Test is a test whereby the iron ore is crushed to approximately 0.15mm and then immersed into water and passed over a magnet for a period of time. At the end of the test, the iron ore sticking to the magnet is weighed and the non-magnetic material weighed and the percentage calculated.
Sample nine achieved excellent results with a recovery of 86.7% of magnetite from the pyroxenite. This means on a commercial scale at 75% efficiency approximately 1.54 units of ROM ore to one unit of magnetite would be produced. This is a very good recovery ratio and keeps waste to a minimum.
Proposals are being reviewed for a ground based aeromagnetic program that is the next step in our exploration program.
Phillip Thomas, BSc, MBus, MAIG, a Qualified Person under National Instrument 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
President
Investor Contact
Robert L. Card
604-687-7828
arrowstarresources(at)shaw.ca
www.arrowstarresources.com
“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.
Leseranfragen:
Arrowstar Resources Ltd.
Suite 212 - 475 Howe Street
Vancouver, BC
Kanada V6C 2B3
Tel.: +1-604-687-7828
Fax: +1-604-687-7848
E-Mail: info(at)arrowstarresources.com
Investor Relations
E-Mail: arrowstarresources(at)shaw.ca
Datum: 04.07.2012 - 14:01 Uhr
Sprache: Deutsch
News-ID 162378
Anzahl Zeichen: 3418
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Business News
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