Sign up USA
Proactive Investors - Run By Investors For Investors

Arctic Star Exploration names diamond exploration veteran as country manager for Finland

As technical director of Peregrine Diamonds, he discovered the first kimberlites on the Pilbara craton in Western Australia
Arctic Star Exploration names diamond exploration veteran as country manager for Finland
Roy Spencer has spent many years working in diamond exploration

Arctic Star Exploration Corp (CVE:ADD) has named director Roy Spencer, an expert in diamond exploration, to the newly created position of country manager for Finland.

He will be managing the firm's  exploration activity on its newly acquired Timantti diamond project that lies within the highly prospective Karelian craton.

Spencer's extensive background working within the Karelian craton includes leading the discovery of the Grib diamond mine that generated revenue of US$340mln in 2016 and is the eighth-largest diamond mine in the world.

Spencer joined De Beers in 1966 and has been involved with exploration and deposit evaluation for gemstones and other commodities throughout his career.

As technical director of Peregrine Diamonds, he discovered the first kimberlites on the Pilbara craton in Western Australia in 1989.

Spencer created and raised the seed finance for Ilmari Exploration Oy to explore for gold, base metals and diamonds on the Karelian craton in Finland. Ilmari went public in 2000 and discovered the Lentiira kimberlite cluster in central Finland in 2003.

He said in a statement: "Having worked extensively in the Karelian craton throughout my career, I am excited to begin our exploration program at the highly advanced Timantti project, where we have begun ground geophysics followed by drilling."

Last month, Arctic Star Exploration Corp said it had started its diamond exploration program on Timantti in Finland.

The company said ground geophysics will be conducted over the area of the 243 hectare exploration permit, which contains the diamondiferous Black and White Wolf kimberlites.

The ground-based, magnetic, gravity and electro-magnetic surveys are designed to help define the shape and size of the Wolf kimberlites, as well as to detect possible new kimberlite-like anomalies within the area for drill testing.

Shares added 3.85% to C$0.14.

View full ADD profile View Profile

Arctic Star Exploration Corp Timeline

Related Articles

1511183786_Lithium-drill-core---Cinovec.jpg
November 20 2017
European Metals Holdings is rapidly moving forward with Europe's largest and most significant lithium project
no_picture_pai.jpg
July 09 2017
Find out more from Lithium Power International Ltd at the Proactive's CEO Sessions.
barseele_master.png
September 29 2017
The firm owns 45% of the property, while joint venture partner Agnico Eagle has the rest (55%).

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use