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:
|Sample id||Start |
|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
"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.