Arrowstar records magnetic ground surveys at Roberts Lake
Vancouver, BC - 11. September 2012, Robert L. Card, President of Arrowstar Resources Ltd., ("Arrowstar" or the "Company") (TSXV: AWS), is pleased to report that the Company is conducting magnetic ground surveys at its proprietary Roberts Lake iron ore property in Ungava (Quebec). The Company has engaged Geotronics Consulting Inc. of Surrey (BC, Canada) to conduct these surveys under the supervision of David G. Mark (P.Geo.). This is the next step in our exploration program at the Roberts Lake Property.
The surveys are estimated to include 35 lines at a distance of 100 meters to 4 kilometers, which equals 140 kilometers. Furthermore, around the historically measured anomalous highs, measurements will be made at a distance of 50 meters for further 35 kilometers, increasing the total length of surveys to 175 kilometers. The magnetic surveys are intended to demarcate areas with concentrated magnetite and magnetic iron silicate deposits. The results of the surveys will help select the best drill points for the proposed diamond drill program. The Company intends to drill at the magnetic highs on the property. This program will follow the previous sampling that took place at 31. July 2012 were released when the company reported levels of up to 63,8% iron in 24 samples.
Previous work on the property, conducted under the direction of Phillip Thomas, the Company's Director and Vice-President of Exploration, has identified excellent magnetite occurrences. Further tests have confirmed that the magnetite-containing material for dry processing is suitable for producing a shipping-type, consumer-acceptable concentrate.
Phillip Thomas (BSc, MBusM, MAIG) has reviewed the contents of this news release as a Qualified Person as defined by NI 43-101.
For the Board of Directors
Arrowstar Resources Ltd.
"Robert L. Card"
Robert L. Card
President
Contact for Investor Robert L. Card
+1-604-687-7828
ppgad@pucrs.br
www.arrowstarresources.com
"The TSX Venture Exchange and its regulators (designated as Regulation Services Providers in the Articles of Association of the TSX Venture Exchange) accept no responsibility for the adequacy or accuracy of this announcement."
Forward-Looking Statements: This press release contains forward-looking statements. Forward-looking statements include statements about AWS's planned exploration programs and other statements that are not historical facts. The terms used in this document, such as "could," "plans," "estimates," "expects," "intends," "may," "may," "should", or similar terms, are forward-looking statements. Although AWS believes that the expectations contained in these forward-looking statements are based on reasonable assumptions, such statements involve a number of risks and uncertainties, and therefore, no assurance can be given that actual events will be with those forward-looking statements Statements will match. Important factors that could cause actual results to differ materially from such forward-looking statements are set forth in the Risk Factors section or elsewhere in the periodic filings with the Canadian Securities and Exchange Commission.
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