Agoracom

being reported on Stockwatch... QQ

Arctic Star, WSR, Metalex find sulphides at James Bay

2008-06-04 11:34 ET - News Release

See News Release (C-ADD) Arctic Star Diamond Corp

Mr. Patrick Power of Arctic reports

ARCTIC STAR-WSR-METALEX JOINT VENTURE INTERSECTS 95.0 METERS OF SEMI- MASSIVE TO NEAR-MASSIVE SULPHIDES ON ANOMALY 5.01, JAMES BAY LOWLANDS, ONTARIO

The joint venture project of Arctic Star Diamond Corp., WSR Gold Inc. and Metalex Ventures Ltd. along the Ring of Fire, 45 kilometres north of Noront's Eagle One discovery, encountered a significant width of volcanic-derived sulphides (VDS) mineralization in hole No. 5.01-6. The property consisting of 160 acres is under option by WSR, whereby WSR can earn up to a 50-per-cent interest in the property.

John Harvey, consulting geologist to WSR and a qualified person, recently returned from the property and reports the following.

Hole 5.01-06 on north-south Section 1+50East, a 50-metre step-out from the previously reported hole 5.01-01 (see press release in Stockwatch dated May 22, 2008), encountered, in highly altered felsic volcanics, a strong sulphide zone from 72.7 metres to 167.7 metres (95 metres) containing visible copper, zinc, lead and iron sulphide mineralization in semi- to near-massive sulphides. The dip and strike of the zone have not yet been determined and the true width cannot be determined at this time. Drilling is continuing with one diamond drill for the present, and samples are currently being prepared for shipping to an independent assay laboratory where strict quality control procedures are in place and the results will be closely monitored by Tracy Armstrong of P&E Mining Consultants of Brampton, Ont.