Arctic Star Exploration Corp Snapshot
Create shareholder wealth by responsibly managing our assets.
Become a world class diamond company.
Commitment to building shareholder wealth while maintaining ethical and environmentally sustainable practices.
Expand and manage our assets through strong and responsible leadership.
Timantti Diamond Project
Timantti: Arctic Star’s Premiere Diamond Project
The Timantti Project, Timantti being Finnish for “diamond,” is located in Finland 17 km away from the town of Kuusamo. Arctic Star views the 100% owned Timantti project as an excellent opportunity to enter into what could be a new diamond district. A key feature of the project is the proximity to the town of Kuusamo, as well as the stability and infrastructure it affords.
The project is comprised of two Diamond Bearing Kinberlites: the Black Wolf and White Wolf Kimberlite, which are situated approximately 450 km away from the multi-billion-dollar Lomonosov and Grib mines in Russia. Roy Spencer, the geologist who discovered the multi-billion-dollar Grib Kimberlites in Russia, is the same geologist who discovered the Wolf Kimberlites, and has now joined Arctic’s Board of Directors.
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Diagras Diamond Project
Property Situated on Corridor of Economic Diamond Deposits
The Diagras Property consists of 23 contiguous claims staked by Arctic Star, with an area of 18,699 hectares. The property is in joint venture with Margaret Lake Diamonds whereby Margaret Lake has earned a 60% interest. The property is located in the north-eastern part of the prolific Lac de Gras kimberlite field, 22km NNE of the Diavik diamond mine and 36km east of the Ekati diamond mine in NWT Canada. The Company has verified through research and compilation that the property hosts over a dozen kimberlites, most of them diamondiferous. Arctic Star’s research and compilation of historical data in the public domain confirms that Diagras is a property of merit that deserves additional exploration.
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Stein Dimaond Property
100% Owned Stein Diamond Property
The Stein property is an advanced, drill ready diamond exploration project, with diamond indicator minerals hosting excellent chemistry. There are currently 6 drill ready targets with only 3m of overburden. The property is complemented by the discovery of distinct geophysical targets immediately up-ice of these mineral grains. The 100% owned property is located 85 km NW of Taloyoak, Nunavut and consists of four adjoining prospecting permits covering an area of 105,637 hectares on the Boothia Peninsula.
CAP Property in British Columbia
The Cap Property is comprised of six claims which are situated within the central parts of the Rocky Mountain Rare Earths & Metal Belt, approximately 80 km northeast of Prince George. The six properties have a total area of 2,825 hectares. Arctic Star has recently started a drilling program which will include three drill holes of approximately 1,000 meters. Preliminary tests have already returned strong indications of rare earth elements and niobium bearing minerals.
Redemption Project, NWT
The Redemption project consists of two properties located in the Slave craton of the Northwest Territories near the prolific Lac de Gras kimberlite field. The two properties are the T-Rex property with an area of 54,000 hectares and the Triceratops property with an area of 46,840 hectares. Combined, the properties have 62 contiguous claims. The Redemption properties are in very close proximity to the world class Ekati and Diavik diamond mines. Approximately $20 million has been spent following Indicator Mineral Trains that are as promising as Diavik’s Indicator mineral train. The indicator mineral train contains not only G10 chemistry, but diamonds as well.
Patrick Power is a seasoned venture capitalist and financier with over 20 years of experience as a stock market professional and as director of public companies. He has been President and CEO of Arctic Star since its inception in 2002. Additionally, Mr. Power serves as a director of other mineral exploration companies. Arctic Star benefits from Mr. Power’s wealth of experience as a savvy dealmaker, an adept financier and as a tireless, results-driven leader of dynamic public companies. The company enjoys Mr. Power’s large network of contacts within the industry, his enthusiasm and his efforts as a member of the audit and remuneration panels.
VP of Exploration, Director
Buddy Doyle has 25 years experience in mineral exploration. He worked for Rio Tinto PLC for over 23 years, most recently he was Exploration Manager/Vice President of Kennecott Canada Exploration Inc. (owned by Rio Tinto), in charge of diamond exploration in North America. He was a key member of the Kennecott Exploration Australia team that discovered the multi-million ounce Minifie gold deposits at Lihir in 1987-1988 and led the team which discovered the Diavik diamond deposits in 1994-1995. Few geologists have seen 2 projects from discovery through to decision to mine. Mr. Doyle is recognized by his peers in the exploration industry as an authority on diamond exploration and kimberlite geology, and has authored/co-authored numerous papers on these subjects. He was awarded the 2007 Hugo Dummitt Award for excellence in Diamond exploration. Since leaving Rio Tinto Mr. Doyle remains active in the diamond sector through consultancy and non-executive directorships. Mr. Doyle brings to the company a disciplined scientific approach to mineral exploration and managerial skills that have a proven track record. He holds a BSc in Applied Geology from the Queensland University of Technology.
Roy is a GSSA Member and a Fellow of the AusIMM. Roy joined De Beers in 1966 and has been involved with exploration and deposit evaluation for gemstones and other commodities throughout his career. Roy’s tertiary education was at the University of Natal and Rhodes University in South Africa, and is a member of the Geological Society of South Africa and a Fellow of the Aus.I.M.M. As technical director of Peregrine Diamonds, he discovered the first kimberlites on the Pilbara craton in Western Australia in 1989, and as Leader of the Owners Team for Archangel Diamond Corporation he was largely responsible for the discovery of the world class Grib kimberlite in far northern Russia (February, 1996). In 1998, Roy created and raised the seed finance for Ilmari Exploration Oy to explore for gold, base metals and diamonds on the Karelian Craton in Finland. Ilmari went public in 2000, and discovered the Lentiira kimberlite cluster in central Finland in 2003.
In 2006, as CEO of London-based diamond explorer European Diamonds, Roy led the Owners Team which brought the Liqhobong kimberlite (Lesotho) into commercial production on time and under budget. In mid-2007, Roy left European, a company which had evolved into a successful mid-tier diamond producer and marketer after having raised £23 million over a 6-year period. Since that time Roy has continued in gemstone exploration and deposit evaluation in Africa, Finland and western Russia for a variety of junior and senior mining companies.
BINNY JASSAL, CPA, CGA, FCCA
Chief Financial Officer
Binny Jassal brings over 20 years of accounting and management experience to the Company. Mr. Jassal is a member of Certified General Accountants in Canada, fellow member of Association of Chartered Certified Accountants in London, England and holds Certificate in Accounting and Finance from Ryerson University Toronto. Previously, Mr. Jassal has worked in various accounting positions (including public companies) within the manufacturing, IT and telecommunication sectors. Mr. Jassal joined the Company in May 2006 and has been an important member of the team working on the financial and corporate side of the operations.
Thomas Yingling is a successful seasoned venture capitalist who benefits from over 19 years of experience running resource based public companies. He has been a Director of Arctic Star since its inception in 2002. Mr. Yingling has served for almost two decades as President of Brahma Communications Corp., an investment consulting firm that specializes in corporate finance, investor relations and strategic corporate planning for publicly traded companies. He has served as President and CEO and/or a director of other resource based public companies.
Sean Charland is a seasoned communications professional with experience in raising capital and marketing resource exploration companies. He has helped raise over C$ 150 million for a variety of venture listed and private companies in mineral exploration and mining, technological and health sectors with the majority of the focus on mineral exploration and mining. His network of contacts within the financial community extends across North America and Europe.
Mr. Ferreira is an exploration geologist with over 30 years experience in gold, base-metal and diamond exploration in Canada. Mr. Ferreira holds a Master of Science degree from the University of Manitoba and a Bachelor of Science degree from the University of Minnesota, Duluth. Mr. Ferreira’s employment experience includes work for Noranda Exploration Canada, Esso Minerals Canada, Getty Mines, Falconbridge Ltd., Granges Exploration, Canmine Resources Corp. and San Gold Corp. Mr. Ferreira is past president of the Manitoba Prospectors and Developers Association. Mr. Ferreira is currently a member of the Association of Professional Engineers and Geoscientists of the Province of Manitoba.
Scott Eldridge is experienced in the financial industry focused on the resource sector. He is a co-founder, President & CEO of Euroscandic International Group Inc., a private company offering accounting and investment banking services to natural resource companies. During his time in the industry Scott has been responsible for raising in excess of $500 million in combined equity and debt financing for mining projects varying from exploration to construction financing around the globe. Mr. Eldridge has a B.B.A. from Capilano University, and an M.B.A. from Central European University.