With a crew now en route, Arctic Star Exploration TSXV:ADD prepares to begin a summer field program at its Cap project in east-central British Columbia. Located in the Rocky Mountain Rare Metal Belt, the 2,825-hectare property has undergone geochemical and geophysical surveys suggesting potential for carbonatite intrusions which might host niobium, tantalum and/or rare earth elements. A program of about three holes and 1,000 metres will further investigate the potential.
Piquing interest in the property is a circular magnetic anomaly measuring about three to five kilometres in diameter that the company interprets to represent a carbonatite or similar intrusion. Geochem sampling in 2010 on two dykes near the most prominent mag anomaly brought grades including 0.14% Nb2O5, 3,191 ppm zirconium and 547 ppm total rare earth elements, Arctic Star reported.
In 2011, following radiometrics and additional magnetics, the company found more highly anomalous grades with samples containing 0.27% Nb2O5 and 773 ppm TREE. Two historic, non-43-101 samples assayed 0.13% and 0.1% TREE.
Contrasting luxuries with critical minerals, Arctic Star last week announced plans to acquire a diamond project in Finland. The diamondiferous kimberlites of the Timantti property sit on the Fennoscandian Shield, home to the major Russian diamond mines Lomonosov and Grib.
In May the company announced a short program of geophysics on the Diagras diamond project in the Northwest Territories, where Arctic Star has a 40% stake with JV partner Margaret Lake Diamonds TSXV:DIA holding the rest.