Ten grab samples were tested for magnetic separation using a Davis Tube
Test: Sample 9 achieved 86.7% that contained 57% Fe, and Sample 4
achieved 57.2% that contained 40.8% Fe. This was very encouraging and
further work will be undertaken.
A bulk sampling program will be undertaken in the next few weeks to
concentrate the sampling in these two areas to determine the extent of
VANCOUVER, July 3, 2012 /CNW/ - 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
of the Company, has received the final results of the samples taken
from Port Snettisham, in Alaska in June 2012.
The Davis Tube Test is a test whereby the iron ore is crushed to
approximately 0.15mm and then immersed into water and passed over a
magnet for a period of time. At the end of the test, the iron ore
sticking to the magnet is weighed and the non-magnetic material weighed
and the percentage calculated.
Sample nine achieved excellent results with a recovery of 86.7% of
magnetite from the pyroxenite. This means on a commercial scale at 75%
efficiency approximately 1.54 units of ROM ore to one unit of magnetite
would be produced. This is a very good recovery ratio and keeps waste
to a minimum.
Proposals are being reviewed for a ground based aeromagnetic program
that is the next step in our exploration program.
Phillip Thomas, BSc, MBus, MAIG, a Qualified Person under National
Instrument 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
SOURCE Arrowstar Resources Ltd.
For further information:
Robert L. Card