Margaret Lake Diamonds announces Arctic Star has discovered a third kimberlite, Diagras, Lac De Gras, NWT.
Margaret Lake Diamonds announces Arctic Star has discovered a third kimberlite,
Diagras, Lac De Gras, NWT.
VANCOUVER, BC / MAY 6, 2021 / Margaret Lake Diamonds Inc. ("MLD" or the "Company")
(TSXV:DIA) (FKT:M85) (OTC PINK:DDIAF) is pleased to announce Arctic Star Exploration
Corp. (“Arctic Star” or the “Company”) (TSXV:ADD) (Frankfurt:82A2) (WKN:A2DFY5)
(OTC:ASDZF) has discovered a third kimberlite during its Spring 2021 exploration program on the
Diagras project, Lac de Gras district, NWT. The discovery has been named Alder.
The Alder kimberlite was found by drilling a distinct EM anomaly in the vicinity of the known HL02
kimberlite. Drilling at a dip of 60° it encountered kimberlite at 19 meters in depth. The drill continues to
intersect kimberlite at 115 meters in depth. Drilling will continue in order to obtain more kimberlite for
caustic fusion diamond analysis. After completion of this hole the rig will move to the next target.
Earlier in the week the drill tested a target near the known Kong kimberlites. No kimberlite was
intersected however the drilling did not explain the EM anomaly being tested. Arctic Star is likely return
to this target in this or future exploration programs.
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist with over 30 years’
experience in diamond exploration, discovery and evaluation. A Qualified Person under the provisions of
National Instrument 43-101.
Contact Information
Neil Foran
Chief Executive Officer
(604) 681-7735
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this release.
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Forward-Looking Statements
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"forward-looking information") within the meaning of applicable securities laws. Forward -looking
information is typically identified by words such as: "believe", "expect", "anticipate", "intend",
"estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to futu re
events. The Company cautions investors that any forward -looking information provided by the
Company is not a guarantee of future results or performance, and that actual results may differ
materially from those in forward -looking information as a result of various factors. The reader is
referred to the Company's public filings for a more complete discussion of such risk factors and their
potential effects, which may be accessed through the Company's profile on SEDAR
at www.sedar.com .