arctic star's providence discovery

8/14/2019 Arctic Star's Providence Discovery

1/57

Providence Discovery Desteffany Lake, N.T.


2/57

The Providence Discovery

First Ultramafic HostedNickel-Copper-Cobalt-PGM

Massive Sulfide System in the

Central Slave Province


3/57

Location

Desteffany Lake,NT

270 Kilometers NorthOf Yellowknife

55 Kilometers WestOf Ekati

PROVIDENCE


4/57

Arctic Star Credit Lake

Credit Lake Claim Block

Providence Discovery

Ekati

Diavik

Lac de Gras


5/57

Discovery History

Arctic Star Diamond Till Sampling IdentifiesNickel-in-Soil Anomaly

Arctic Star Geophysical Surveys ProduceCoincident Magnetic-EM Target Near Soil

Anomaly

DDH 08CR-10 (April, 2008) Massive SulfideDiscovery Hole


6/57


7/57

Assay Results -2008 Drilling

Most Extensive Massive Sulfide Intercepts-5.1m-08CR-18

1.73% Ni, 1.75% Cu, 0.17% Co

Maximum Assays (for all reported base metal results)

1.91% Ni over 1 meter 08CR-23

4.1% Cu over 0.35 meter 08 CR-18


8/57

Assay Results -2008 Drilling

Assay Averages

% Ni-Cu per Average 2.1m Massive Sulfide Intercepts

9 of 16 Holes Reported , Averaging 2.1 meters of Massive / Hole)

1.36% Ni

1.05% Cu


9/57

Grades / Assay Results Precious Metals

Results From 25.6 meters of massive averages:

Average 1.03g/t Pt (range 0.2 gr/t to 11.0 gr/t)

Average 1.7 g/t Pd (averaging + 1 gr/t)

High values also reporting for Os (0.14 gr/t),

Rh (0.46 gr/t), Ir (0.19 gr/t)


10/57

2008 Post-Discovery Exploration

Detailed Magnetics & Max-Min Surveys ofRegional Targets

Recon Of Additional VTEM Anomalies ProducedAdditional Priority Targets In Same Belt

Aggressive Program Planned for 2009


11/57

Regional Geology

Mineralized Komatiite-Main Zone O.C.20m South of 08CR-23 Collar Location


12/57

Komatiite Whaleback OutcropsUltramafic Valley


13/57

PROVIDENCE

Occurrences Of CSCS

Bleeker, etal


14/57

Providence Belt Area GeologyProvidence Belt /Central Slave Cover Sequence


15/57

Regional Geology

Providence Occurs Within the CentralSlave Cover Sequence (Bleeker, etal) CSCS

Providence Contained In UltramaficSequences (Sills and Flows?)

Basalt Hanging Wall Quartzite Foot Wall

CSCS Lies Unconformably On Basement

Gneiss


16/57

CSCSStratigraphic

Section(Bleeker,etal)

Providence


17/57

Arctic Star



18/57


Geochem & Initial Geophysics

Soil GeochemAnomaly

Max-Min Lines&

Colored Conductivity Image

Proposed DDH


19/57

Arctic Star Discovery Hole 08CR-10 Apri l , 2008


20/57

Post Discovery Exploration2008 VTEM Survey

& Ground Geophysics


21/57

Credit Lake VTEM Block

Providence

Enlargement Area

24 K ilometers


22/57

Providence VTEM (100 m line spacing)

B - Field Signatures (over colored magnetics)


23/57

Credit Lake VTEM - Magnetics

Providence


24/57

Detailed Ground Magnetics Surveys


25/57

ProvidenceDiscovery Area

DetailedGround Magnetics

Drill-Defined

Mineralization

+450m Strike


26/57

ProvidenceProject Area Geology


27/57


Ultramafic Sequences

Mafic Volcanics

FeFms

Mafic Volcanics

FeFms

Metasediments(Quartzite-Amphibolites)

Area of Enlargement


28/57



29/57

Drilling

Cross Sections

08CR-12, 13, 14, 22

08CR-17, 18, 19, 21

08CR-23

&08CR-24, 25


30/57


31/57


32/57


33/57


34/57


35/57

Outcrop

Mineralization-Outcrop


36/57

Quartzite-Footwall


37/57

Mineralogy

Photographs & InterpretationsR.L. Barnett

A ti St Di d C


38/57

Arctic Star Diamond Corp

Providence Ni-Cu-Co-PGM DiscoveryDDH 08CR-11, 140.7metersTypical Array of Pentlandite Fiamme Exsolved From Pyrrhotite

100 microns


39/57

Arctic Star Diamond CorpProvidence Ni-Cu-Co-PGM Discovery

DDH 08CR-11, 140.7metersTypical Massive Sulfide Showing Distribution of Coarse Pentlandite on Pyrrhotite

100 microns


40/57


Providence Ni-Cu-Co-PGM DiscoveryDDH 08CR-13, 101.1 metersZoned Iridium-Rhodium-Cobaltite in Pyrrhotite

100 microns



41/57


DDH 08CR-13, 101.1 metersZoned Iridium-Rhodium-Cobaltite-Shows Central Angular Grain of Cobaltite Surroundedby Outer Zone of Rhodium / Iridium

100 microns100 microns



42/57


DDH 08CR-13, 101.1 metersLarge Grain of Bismuth-Palladium-Tellurium

100 microns100 microns

100 microns


43/57

SAMPLE 15-138.3mLINEAR DOMAIN OF UNALTERED OLIVINE ( BIREFRINGENT RED-YELLOW)WITHIN FOLIATED TREMOLITIC AMPHIBOLE, MG-CHLORITE TALC SCHIST. NOTE GROWTH OF

AMPHIBOLE AGAINST THE DOMINANT FABRIC, BIFR YELLOW TOP LEFT.

Credit Lake Block


44/57

Credit Lake BlockAdditional Blue Sky Potential

100 m grid


45/57

Providence DiscoveryWestern Extension

Western Extension(untested)

Drill-Defined Mineralization+ 450 Meters Strike

100 m grid


46/57

DDH

08CR-24,25

Prov idence DiscoveryEastern Extension

Max-Min Conductor ImageEastern Extension

Untested Extension

Proposed DDHs


47/57

VTEM Block-West EndGeophysical Targets


48/57

VTEM-Eastern Block Targets


49/57

Providence Discovery Area

Detailed Soil Sampling ResultsEastern End of VTEM Block

Survey Block5 K ilometers E-W x 1 Kilometer N-S100 meter spaced lines, 50 meter stations


50/57


51/57


52/57


53/57


54/57

Providence

VTEM EM & Nickel In Soils Responses

Nickel In Soils Anomalies

Planned 2009 Exploration


55/57

Planned 2009 Exploration

Detailed TDEM & Magnetics Over DiscoveryArea For 3-D View of Mineralization

Drilling New Targets at Providence DevelopedFrom TDEM

Magnetic & Max-Min Surveys Over RegionalTargets From VTEM & Recon Discoveries

Drill Regional Targets With Size Potential in Belt

Additional Soil Surveys Within Belt

In rastructureDeveloped Remote Deposits Canada


56/57

Developed Remote Deposits - Canada

Ore Value / Ton ($us-2009)

Nanisivik$204.35 / ton

Polaris$205.95 / ton

Lupin$377.22 / ton

Ekati$317.40 / ton

Diavik$362.89 / ton

Victor Pipe$107.33 / ton

Raglan$335.81 / ton

(w/out PGMs)

Voiseys Bay$276.60 / ton

(w/out PGMs)

PROVIDENCE$273.74 / ton

(w/ out PGMs)

PROVIDENCEWinter Road AccessAvailable Backhauls

Thank You


57/57

arctic star's providence discovery

Documents