Arctic Star Diamond Corp. C.ADD
To Begin Drilling Very High Priority Targets at Credit Lake in April
Wednesday March 03 2010 - News Release
Mr. Pat Power reports
ALL 2009 TILL RESULTS FOR CREDIT LAKE RECEIVED-COMPELLING GEOCHEMICAL RESPONSES CAUSE GEOPHYSICAL TARGETS TO BE UPGRADED TO VERY HIGH PRIORITY DRILL TARGETS FOR APRIL, 2010 PROGRAM
Arctic Star Diamond Corp. has received all of the 2009 till geochemical results at Credit Lake. This program was designed to and succeeded in discovering new targets that may be due to blind (buried) mineralization, along the strike of the Providence greenstone belt. This belt contains the magmatic, komatiite-hosted nickel-copper-cobalt and platinum group element (Ni-Cu-Co-PGE) sulphide discovery made by Arctic in 2008 which was also selected on the basis of an EM (Electro-Magnetic) target that was coincident with a high nickel-in-soil geochemical anomaly. Arctic's best drill hole in the discovery area reported 5.1m @ 1.73%Ni, 1.75% Cu, 0.17% Co and greater than 2g/t platinum equivalent (Pt+Pd+Rh+Ir+Os).
The final compilation of these geochemical data clearly indicates, enhances and defines eight high priority nickel+copper+cobalt targets in the Central and Western Zones in addition to the eleven targets identified in the Eastern Zone, which were discussed in our new release of February 8, 2010. Most of the eight priority zones coincide well with geophysical targets that were developed from the 2008 VTEM airborne survey. Numerous of these soil anomalies possess signatures of magnitudes equal to or greater than that signature developed from detailed soil sampling over the discovery area.
The grey scale image in the background is a gradient map of the total magnetic field. The arcing east-west trending bands map the ultramafic rock types that host the nickel mineralization at the 2008 discovery site. The north-northwest striking features are young diabase dykes that intruded the Providence Belt much later than the mineralizing events.
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Furthur results from 2009 till sampling on the Alpha Train at Credit Lake, NT
Monday February 22 2010 - News Release
Mr. Pat Power reports
ARCTIC STAR DIAMOND CORP.: RESULTS FROM 2009 INDICTOR MINERAL IN TILL SAMPLING FURTHER CONFIRM AND FOCUS THE SOURCE AREA OF THE ALPHA TRAIN AT CREDIT LAKE, NT
Arctic Star Diamond Corp. has received results of the detailed kimberlite indicator mineral (KIM) sampling at the head of the South Coppermine River indicator mineral train (alpha train), which has narrowed exploration to a small area about two by two kilometres in the southeast part of the Credit Lake property, Northwest Territories. The alpha train is an extensive kimberlite indicator mineral dispersal train that extends from a source in the southeast part of the Credit Lake property for 20 kilometres down-ice.
New results from 71 till samples collected in 2009 at the head of the Alpha train returned two highly anomalous samples. Sample 31679 returned 100 KIM grains (including 75 pyrope garnets), and sample 31644 returned 67 KIM grains (including 35 pyrope garnets). Although KIM grains have not yet been probe confirmed, they are consistent with previous samples in the area. The samples are located in the northern part of the head of the Alpha train. The remaining samples returned background counts of kimberlitic indicator minerals, closing the train off to the east.
Buddy Doyle, VP Exploration for Arctic said, "The current KIM sample database suggests kimberlites sampled by glaciation likely occur in a small cluster at the head of the Alpha Train. The Abyss topographic target, and conductive and magnetic geophysical anomalies that are well positioned relative to anomalous till samples, will be tested during an exploration program that is planned to commence next month."
Another 25 regional diamond till samples were collected from the Crown Claims, north of the E'kati? Diamond Mine. From 25 till samples one anomalous sample with 83 KIMs (3 pyrope, 1 orthopyroxene and 79 olivine). Although the KIMs are not yet probe confirmed, the results warrant follow-up exploration on the Crown Claims.
Arctic Star will present the Credit Lake diamond exploration program at a Prospectors & Developers Association of Canada (PDAC) Exchange Forum Presentation on Tuesday, March 9, 2010, at 2:20PM in Room 803 AB Diamonds in the South Building of the Metro Toronto Convention Centre.
The Qualified person for this news release as per the guidelines of the NI 43-101 is Buddy Doyle.
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Arctic Star signs service agreement with Equedia
Friday February 12 2010 - News Release
SERVICE AGREEMENT WITH EQUEDIA NETWORK CORPORATION
Arctic Star Diamond Corp. has retained Equedia Network Corp. to provide advertising and media exposure services to the company. Equedia, a British Columbia-based company, is an investor awareness firm, with an investment newsletter network and a social network aimed at the financial community. The agreement with Equedia is for an eight-month contract commencing on Feb. 3, 2010. Equedia will be paid a fee of $52,500 and a grant of one million stock options at an exercise price of 10 cents per share for a period of three years. The agreement with Equedia is subject to approval by the TSX Venture Exchange.
The company also granted 3.5 million stock options to two other consultants at an exercise price of 10 cents per share for a period of three years from the date of grant.
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Universal Wing Technologies Inc. C.UAV
Universal Wing receives UAV for night flying
Wednesday February 24 2010 - News Release
Mr. Declan Sweeney reports
UNIVERSAL ANNOUNCES DELIVERY OF NIGHT-FLYING UAV FOR CIVILIAN DATA ACQUISITION TASKS
Universal Wing Technologies Inc. has taken delivery of its third Venturer-class unmanned airborne vehicle (UAV), targeted at night time "red eye" endurance missions. This aircraft will demonstrate that the Venturer design can fly reliably through the night, taking off at dusk and landing at dawn.
Flying night missions is an advantage for Universal because lower turbulence (at low altitude) makes flying smoother, improving data quality. Magnetic field variations are also reduced at night, improving geophysical data quality. The "red eye" endurance tests will be conducted in the interior of British Columbia and will be completed by August 2010. Revenue-generating missions will then be initiated.
The Venturer UAV is a custom-designed workhorse manufactured exclusively for Universal by Stratus Aeronautics Inc. of Vancouver, BC. The first Venturer carries a camera payload. The second Venturer is currently being used for promotion, and can be viewed at the Universal booth at the PDAC (#603 Trade Show side). Universal has ordered a fourth Venturer in which a horizontal gradiometer (two magnetometers in each wing tip) payload will be installed.
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Universal Wing closes $367,014 first tranche
2010-02-02 14:34 ET - News Release
Mr. Declan Sweeney reports
UNIVERSAL WING COMPLETES FIRST TRANCHE OF PRIVATE PLACEMENT.
Universal Wing Technologies Inc. has completed the first tranche of its private placement that was announced in Stockwatch on Nov. 29, 2009, for 2,038,967 units at a price of 18 cents per unit, for gross proceeds of $367,014.06. Each unit consists of one common share of the Company and one nontransferable share purchase warrant entitling the holder to purchase one additional common share of the Company for a period of one year, expiring on January 29, 2011 at a price of $0.20 per share. The shares and shares issued on the exercise of warrants will be subject to a hold period that will expire on May 30, 2010.
The proceeds of the private placement will be used for general working capital.
There were no finders' fees payable in this transaction.
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Pennant Energy Inc. C.PEN
Pennant Starts Drilling Second Well on Badger Property
Friday February 12 2010 - News Release
Mr. Jim Britton reports:
DRILLING OF SECOND WELL COMMENCES ON BADGER PROPERTY
Pennant Energy Inc. (the "Company") (TSX Venture Exchange - PEN") is pleased to announce that pursuant to our press release of January 25, drilling operations at the offset location to our successful Badger 100/02-17-016-18W4/0 well, 04-17-016-18W4/0 was initiated on February 2, 2010. Evaluation of well logging and potential testing operations will be announced as the information is made available by the operator. The Company holds an undivided 25% working interest in the P&NG rights below the base of the Belly River in the total section.
The Badger 100/02-17 well has been producing oil, gas and natural gas liquids (NGL's) since January, 2009. The initial production rates from the well were over 1.1 million cubic feet of natural gas per day (Mmcf/day) and 30 barrels of oil per day (bopd). It has produced approximately 220 million cubic feet (Mmcf) of natural gas and 6.8 thousands of barrels (Mbbls) of oil to date and is currently producing approximately 500 Mcf/day of natural gas and 15 bopd. Should the offset, Badger 04-17 location encounter a similar and separate anomaly to that of the 02-17 well, it is anticipated to produce in a similar manner.
The Company currently holds a 25% interest in a total of 2 sections of land with an option to participate in future exploration and development activities within an area of mutual interest in the Badger area.
For further information on any of our projects please feel free to contact the company at 604-689-1799 or visit our web site at www.pennantenergy.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF PENNANT ENERGY INC.
Mr. Jim Britton
P. Geol. - Director
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
BOEs may be misleading, particularily when used in isolation. A BOE conversion ratio of 6Mcf: 1 bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not present a value equivalency at the wellhead.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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Pennant signs farm-in at Pearl Field, Southern Alberta
Tuesday February 02 2010 - News Release
Mr. Jim Britton reports:
PENNANT ANNOUNCES FARMIN ON PEARL PROJECT
Pennant Energy Inc. (the "Company") (TSX Venture Exchange PEN") is pleased to announce that it has signed a Farmin Agreement (the "Agreement") with a private Alberta company (the "Farmor") to drill a gas well test with multi zone production potential, in the Pearl Field area of southern Alberta. The terms of the Agreement call for the Company to pay 75% of the costs to drill and complete or abandon the Test well and as required, 50% of equipping and tie-in costs. Upon satisfying the terms of the Agreement, the Company will earn a reversionary working interest of 50% BPO reverting to 25% APO of a capital cost multiple, subject to Crown royalties. In addition, the Company will earn an undivided 25% working interest in all PNG rights to the base of the deepest formation evaluated in the Farmout Lands which cover 1 section, with the option to participate as to a 50% WI in future exploration and development within an area of mutual interest (AMI) for a period of 1 year from the effective date of the Agreement. Well is licensed and scheduled to spud in early February, 2010.
The Pearl well will qualify for the Alberta New Well Incentive Program, which provides for a maximum 5% Crown royalty rate during the first year of production. The program is in effect for all new wells drilled and begin production of conventional oil or natural gas between April 1, 2009 and March 31, 2011. In addition, upon application the Company will qualify for the $200-per-meter- drilled, Crown royalty drilling credit.
For further information on any of our projects please feel free to contact the company at 604-689- 1799 or visit our web site at www.pennantenergy.com
ON BEHALF OF THE BOARD OF DIRECTORS OF PENNANT ENERGY INC.
Mr. Jim Britton
P. Geol. - Director
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
BOEs may be misleading, particularily when used in isolation. A BOE conversion ratio of 6Mcf: 1 bbl is based on energy equivalency conversion method primarily applicable at the burner tip and does not present a value equivalency at the wellhead.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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