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 id |
Start
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.