Arrowstar Exploration Results on Roberts Lake, Quebec Identifies 68.5% Magnetic Susceptibility in Iron Ore Sample 13

Highlights:

  • Analysis of the results from the Davis Tube Test completed on the Roberts Lake Iron Ore samples showed high levels of magnetic susceptibility.  This augers well for the possibility of dry magnetic separation when the deposit is commercialized.
  • The highest Fe sample, sample 23 showed 45.6% magnetic susceptibility however this iron doesn't need to be beneficiated to a higher grade, however if beneficiated wet magnetic or heavy medium process will beneficiate it to a higher value Fe.

VANCOUVER, Aug. 15, 2012 /PRNewswire/ - 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 has completed the Davis Tube Test analysis on 24 rock chip samples collected at the Roberts Lake property in the Ungava region, Quebec, Canada.  This property is on a category two land classification where mining is permitted.

The results were very encouraging.  The results of the iron ore samples are as follows:

Item
Test
Number
Sample idStart
g
Mag
g
Non
mag
g
Mag
%
Fe
%
8 DT8 8 of 24 26.279 0.052 26.227 0.20 30.68
10 DT10 11 of 24 20.699 5.401 15.298 26.09 40.45
12 DT12 13 of 24 16.966 8.509 8.457 50.15 40.74
13 DT13 14 of 24 16.421 11.253 5.168 68.53 49.01
14 DT14 15 of 24 14.451 9.296 5.155 64.33 45.44
15 DT15 16 of 24 15.864 8.644 7.220 54.49 49.63
16 DT16 17 of 24 15.459 9.151 6.308 59.20 44.95
17 DT17 18 of 24 20.876 4.926 15.950 23.60 30.29
18 DT18 19 of 24 18.866 9.813 9.053 52.01 51.58
23 DT23 24 of 24 26.900 12.272 14.628 45.62 63.90

The balance of the samples were not magnetite bearing.

The samples 13, 14, 15, and 16 represent excellent values for dry magnetic separation and will yield very high Fe values on beneficiation once the crush size has been determined.

Arrangements are being made for a ground based magnetic study to be completed.

Phillip Thomas, BSc, MBusM, 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
President

"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.

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