Arctic Star Diamond Corp. C.ADD
Metalex and Arctic Star recover 716 diamonds from T1 Kimberlite at Kyle Lake; 100km west of Attawapiskat and DeBeers Victor Mine
Friday July 09 2010 - News Release
Metalex Ventures Ltd (2) (C:MTX) Also Arctic Star Diamond Corp (C:ADD)
Mr. Charles Fipke of Metalex reports
FIRST BULK SAMPLE DIAMOND RESULTS FROM T1 KIMBERLITE
Metalex Ventures Ltd. has provided the first macro-diamond results from the T1 bulk sample on the Metalex-Arctic Star Diamond Corp. joint venture in the James Bay Lowlands, Ontario.
Processing of samples from the first reverse circulation drill hole at T1 is now complete. Hole K06-14 sampled approximately 23 tons of kimberlite and 716 commercial size diamonds larger than 0.425mm and smaller than 3.35mm were recovered. Additional size distribution data is forthcoming and will be released when available. Results from an additional 19 holes from T1 are yet to be complete.
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Arctic Star at Credit Lake returns Platinum, Palladium and Rhodium over 4.5M
Thursday July 15 2010 - News Release
Mr. Patrick Power reports
ARCTIC STAR DRILL HOLE RETURNS 4.55M OF 0.67G/T PT, 1.54G/T PD, AND 0.17G/T RH AT CREDIT LAKE, NT.
Arctic Star Diamond Corp. ("Arctic" or the "Company") is pleased to report the outcome of recent exploration targeting magmatic nickel-copper-cobalt and platinum group element (Ni-Cu-Co-PGE ) bearing sulphides on the Credit Lake property NT. Drill hole 10CR-06 cut 4.55m disseminated mineralization that returned 0.67g/t Platinum, 1.54g/t Palladium and 0.17g/t Rhodium, along with significant Nickel @ 0.47%, Copper @ 0.475% and Cobalt @ 0.04% mineralization.
Drill hole10CR-06 was targeted 100m east of the massive sulphide lens known as the Providence Lake Nickel Discovery (PLND), and cut mineralized komatiite from 94-107.7m and mineralized mafic amphibolite from 126.5-131.05m (Table 1).
Table 1. Diamond Drill hole 10CR-06 weighted averages of Ni, Cu, Co assays (ALS Chemex) and PGE analysis (INAA by Becquerel Laboratories).
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Joint Venture Partners to Commence Drilling at Attawapiskat near DeBeers' Victor Mine!"
Thursday June 17 2010 - News Release
Mr. Patrick Power reports
Drill program to commence near Victor Diamond Mine, Ontario
Arctic Star Diamond Corp. (ADD:- TSX-V) ("Arctic Star" or the "company") is pleased to announce that it has received the following report from its Joint venture partner, Metalex Ventures Ltd. (TSXV: MTX) ("Metalex"). Arctic holds a 21.4% working interest in the project.
"Metalex is pleased to report the commencement of a drill program on the Metalex -- Arctic Star Diamond Corp (TSXV : ADD) ("Arctic Star") -- Big Red Diamond Corp (TSXV : DIA) ("Big Red") joint venture on claims optioned from Dumont Nickel Inc. (TSXV : DNI) located seven kilometers south of the Victor Diamond Mine.
In a news release dated July 6, 2009 the joint venture announced the recovery of diamonds and diamond indicator minerals from two small samples (6.18kg and 8.64kg) of kimberlite breccia intersected by shallow, small diameter core drilling in the "D6 fan" seven kilometers south of the Victor Mine. The recovery of diamonds in such small samples is extremely encouraging as diamonds are rare even in the Victor kimberlite which is presently being mined by De Beers.
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Metalex & Arctic Star complete bulk sampling from T1 and U2 Kimberlite
Monday April 26 2010 - News Release
Also Arctic Star Diamond Corp (C:ADD) News Release
Mr. Chad Ulansky of Metalex Ventures reports
METALEX COMPLETES BULK SAMPLE COLLECTION AT T1 AND U2
Metalex Ventures Ltd. and Arctic Star Diamond Corp. have provided an update of the progress and results for the T1 and U2 kimberlite evaluation programs located in the James Bay lowlands, Ontario.
Metalex is pleased to report that its 22 cm diameter reverse circulation drilling programs are now complete at its T1 and U2 diamondiferous kimberlite pipe projects both located within 70 kilometers west of the Victor Diamond Mine in the James Bay lowlands of Ontario. It is estimated that 447 tonnes of primary kimberlite have been drill sampled at T1 and 391 tonnes from U2. An additional 69 tonnes of kimberlitic crater facies infill material was also recovered from U2. Sample processing
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Discovery Harbour Resources Corp.
Northern Shield drills 70 meters of copper and up to 705 g/t silver at Wabassi JV with Discovery Harbour
Wednesday June 02 2010 - News Release
Mr. Ian Bliss reports
NORTHERN SHIELD INTERSECTS 70 METERS OF COPPER MINERALIZATION AT WABASSI, AND UP TO 705 G/T SILVER
Northern Shield Resources Inc. and its partner, Discovery Harbour Resources Corp., have received all assay results from the last six holes of the expanded drill program at Northern Shield's Wabassi property in northern Ontario. The drill program is being financed under the terms of the option agreement between Northern Shield and Discovery Harbour, under which Discovery Harbour has the option to earn a 51-per-cent interest in the Wabassi property (see Stockwatch press release dated March 17, 2010).
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Northern Shield, Discovery Harbour property agreement
Friday March 26 2010 - Property Agreement
The TSX Venture Exchange has accepted for filing documentation pursuant to an option and joint venture agreement dated March 16, 2010, between Northern Shield Resources Inc. and Discovery Harbour Resources Corp. Under the terms of the agreement, the purchaser can acquire 51-per-cent interest in the company's Wabassi property located in Northern Ontario.
In consideration, the purchaser will do the following:
Pay $50,000 cash;
Purchase 800,000 of the company's shares at a deemed price of 25 cents per share;
Finance $1.25-million of exploration expenditures on the property and issue the company 100,000 shares;
Finance an additional $2.15-million of exploration expenditures and issue an additional 150,000 shares.
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Enters into an option agreement with Northern Shield Resources and begins drill program
March 19 2010 - News Release
Mr. Ian Graham reports
Discovery Harbour Resources Enters an Option Agreement With Northern Shield Resources Inc. for the Wabassi Ni-Cu-PGE Property, Ring Of Fire Area, Ontario
Discovery Harbour Resources Corp. ( "Discovery") is pleased to announce that it has entered into an option agreement with Northern Shield Resources Inc. ("Northern Shield") [TSX-V: NRN] respecting its 100% owned Wabassi property (the "Property") being explored for Nickel (Ni), Copper (Cu), Cobalt (Co) and Platinum Group Elements (PGE) south of the "Ring of Fire" area in northern Ontario.
Discovery is a private mineral exploration investment company founded by the principals of Western Potash Corp. [TSX-V: WPX] and Zimtu Capital Corp. [TSX-V: ZC].  The President of Discovery is Ian Graham, an accomplished mining professional with over 20 years of experience in the discovery, evaluation and development of mineral deposits.  Mr. Graham joined Discovery from Rio Tinto, where he was the Chief Geologist with Rio Tinto's Project Generation Group.  Throughout Mr. Graham's career, he has been involved in the evaluation, exploration and development of numerous advanced stage projects in North America and abroad. Furthermore, Discovery’s Executive VP, Michael J. Senn, is an experienced explorer with a track record of discovery. During his tenure with Kennecott / Rio Tinto (1980 – ’97) Michael lead teams involved with the discoveries at the Diavik Diamond (NWT) and Eagle Deposits (MI) following a role as Regional & Project Exploration Manager for Kennecott’s Flambeau Mining Group.  He joined the Discovery team in November, 2009.
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Universal Wing Technologies Inc. C.UAV
Universal Wing appoints Woelk to advisory board
Thursday April 01 2010 - News Release
Mr. Declan Sweeney reports
RETIRED TRANSPORT CANADA UAV EXPERT JOINS UNIVERSAL WING TECHNOLOGIES INC. ADVISORY BOARD
Universal Wing Technologies Inc. ("Universal") is pleased to announce the addition of Mr. Jake Woelk to the advisory board. Universal provides geophysical data gathering services to the resource sector utilizing a wide range of manned and unmanned platforms and vehicles. It also aims to develop new markets and technologies for unmanned aerial data acquisition through investments, partnerships, and acquisitions. As the company moves forward, it requires diverse expertise on its executive board and on its advisory board to develop strategies for success. To this end, Universal has engaged Jake Woelk on its advisory board.
Jake has been a licensed pilot since 1964, holding Commercial Pilot and Flight Instructor designations. He also holds Instrument Rating, class 1, and Airline Transport Pilot ratings. He has extensive experience flying bush planes, float planes, small charters, and in flight instruction. In addition, Jake has been a flight examiner for private, commercial, multi-engine, and instrument classes. From 1998 until his recent retirement, Jake was employed by Transport Canada.
In the field of unmanned aerial vehicles (UAVs), Jake was engaged in drafting Special Flight Operation Certificates for Transport Canada, providing guidance to a wide range of new UAV users, from one-man start-ups to police force participants. Jake was also involved in the development of internal staff instructions for Transport Canada's UAV operatives. He has extensive knowledge of new developments in this emerging field.
"We are delighted to have Jake join our team", said CEO Declan Sweeney. "In addition to being an experienced pilot and flight instructor, he has unparalleled understanding of UAVs from the regulator's point-of-view. His experience will help us demonstrate a responsible approach to commercial UAV operations in Canada, in addition to keeping us appraised of the evolving regulatory environment".
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Universal Wing starts first survey contract in 2010
Wednesday March 24 2010 - News Release
Mr. Declan Sweeney reports
UNIVERSAL WING UNDERTAKES SKY DART SURVEY
Universal Wing Technologies Inc. has commenced its first commercial survey contract of 2010. Field engineers are currently undertaking a magnetometer-based mission for a third party client using the company's Sky Dart system.
The Sky Dart is a versatile helicopter-towed bird system developed by the payload specialists at Universal Wing Geophysics. Unlike many competitor systems - which are dependant on their parent helicopter - Sky Dart is self-contained, self-powered, and is easily installed. Once pilot navigational aids are installed into the helicopter (a simple and quick operation), the system is ready to go to work.
Sky Dart has been designed to reduce survey mobilization costs to an absolute minumum, and to provide maximum flexibility in operation with no compromise of data quality. Field-ready when it arrives on site, the system benefits from Universal's years of experience designing payloads for its unmanned aerial vehicle (UAV) fleet.
Declan Sweeney, CEO of Universal, said, "We're very pleased to engage in our first revenue-generating assignment since the company began trading as Universal Wing Technologies Inc. in December 2009. Sky-Dart and our UAV camera system are already commercially viable systems. Later this summer we will also introduce a horizontal magnetometer system deployed on board our Venturer UAV."
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Pennant Energy Inc. C.PEN
Pennant regains ownership of Bronsen
Monday July 26 2010 - News Release
Mr. Thomas Yingling reports
BRONSEN PROPERTY
Pennant Energy Inc. has entered into an agreement and released Universal Wing Technologies Inc. (formerly Austin Developments Corp.) of its obligations to the farm-out agreement dated Dec. 4, 2006, in consideration for a cash payment of $35,117. The property is once again owned 100 per cent by Pennant Energy.
The Bronsen property comprises 1,280 acres in an established producing area in west-central Alberta.
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$676,320 private placement oversubscribed
2010-03-29 10:26 ET - News Release
Mr. Thomas Yingling reports:
NEWS RELEASE
Pennant Energy Inc. ("Pennant") (TSX Venture symbol "PEN") announces that further to its press release dated February 4, 2010 announcing the private placement, the Company is pleased to announce that it has been oversubscribed. The Company will issue up to 2,830,500 units, for proceeds to the Company of $676,320, subject to the approval of the TSX Venture Exchange. Up to $446,750 of the private placement will be raised on a flow-through basis as to the share only. Each flow through unit, priced at $0.25 per unit, will consist of one common share and one half non-transferable share purchase warrant. Two half share purchase warrants will entitle the holder to purchase one additional non flow through common share of the Company at a price of $0.30 per share for a period of one year. Up to $229,570 of the private placement will be raised on non flow-through basis at a price of $0.22 per unit with one non-transferable share purchase warrant. Each share purchase warrant will entitle the holder to purchase one additional non flow through common share of the Company at a price of $0.30 per share for a period of one year. The proceeds of the private placement will be used for exploration of oil and gas properties, and general working capital. The Company may grant or issue a finder's fee or commission in accordance with the policies of the TSX Venture Exchange.
The above is subject to the approval of the regulatory authorities.
We seek Safe Harbor.
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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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