TSX.V: AWS
VANCOUVER, May 23, 2013 /CNW/ - Robert L. Card, President of Arrowstar Resources
Ltd., ("Arrowstar" or the "Company") (TSXV: AWS), is pleased to
report that the Company has announced that it's Annual General
Meeting will be held on June 13,
2013. The details and an Information Circular have
been mailed out to all shareholders of record.
The Company is pleased to report that
Arrowstar's Director & VP of Exploration, Phil Thomas accompanied by the proposed drilling
contractor and a geological crew has returned from a successful
trip to the Company's Port Snettisham iron ore project on the
Alaska Panhandle, 30 miles South East of Juneau. The intention was to identify and
determine 9 proposed drill sites and to record their GPS
coordinates. (This drilling program is designed to bring the
historical information of the project to a modern NI 43-101
compliant resource estimate.) Subsequently they met with The USDA
Forestry Service in Juneau where
photographs and other specifics were added to the drilling permit
application. A separate application was filed with them for a "Plan
of Operations for Mining Activities on National Forest Land
Systems". A Reclamation Bond will be posted
shortly.
Arrowstar Resources Ltd has an option to acquire
a 100% interest in the Snettisham Iron Ore Project located on
tidewater 30 miles South East of Juneau,
Alaska on the Panhandle. Marubeni of Japan and Marcona Corp. of San Francisco had a proposal to put the
project into production at 5 million tons/year for a mine life of
50 years in 1970.
Phillip Thomas,
BSc, MBusM, MAIG, a Qualified Person under National
Instrument 43-101, has reviewed and approved 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.