Vancouver, B.C. – August 2, 2016 – Phillip Thomas, President of Arrowstar Resources Ltd. (“Arrowstar” or the “Company”) (TSX.V: AWS), is pleased to announce that the Company has completed Phase One of its exploration program at the Tin Cup and FM (“Secret Pass”) concessions, located 26 miles north of Kingman, Arizona, pending assay results.
Phil Thomas, Arrowstar’s President and CEO states, “We are very pleased with our progress to date, our field work, including sampling and geological mapping has been completed which has allowed us to identify priority targets for follow up drilling. The Company is waiting on the QC/QA assay data results to finalize Phase One.”
Permitting, Environmental Work
The Cultural Resource Survey (“Survey”) has been completed on the Secret Pass project. The Survey has been submitted and approved by the Arizona State Land Department. The Survey allowed the Company to complete its permit to drill up to 10 holes for quality control of data and further resource estimate purposes.
Mapping, Surface Sampling and Trench Sampling
Additional historical data was located through reference to MDA Associates database, the BLM and State lands data and other data located from people who worked on the property in the past. This includes additional trenching data across Tin Cup which eliminated the need for trenching as out lined in the Phase One exploration program.
Reconciliation of historical data, drill sections and database
The Company has logged all the core and RC sampling into a database, examining drill sections for altered feldspars that are a geo-marker for the gold mineralization, and set out the QA process to re-bag the samples contained in bags that had deteriorated. The Company was also able to locate additional mapping details, not previously reviewed, that will be digitized and compiled in the Map-Info GIS database as well as Surpac modelling files which will allow the Company to do a resource estimate.
The resistivity and magnetic surveys have been located and reviewed and will make a contribution towards delineating further targets.
Phase 2 – Drill Hole QA/QC
Phase One of the exploration programs completed pending assay results. The Company is currently proposing twinning 4 core holes to verify previous historical assay results.
Phillip Thomas, BSc Geol, MBusM, MAIG, MCIM MAIMVA, CMV CIM, a Qualified Person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Thomas is not independent of the Company as he is an Officer and a shareholder.
On Behalf of the Board of Directors,
Arrowstar Resources Ltd.
604-687-7828 – Lawrie Koyle
747-200-9412 – Phil Thomas
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning AWS’s planned exploration programs in North America and other statements that are not historical facts. When used in this document, the words such as “could,” “plan,” “estimate,” “expect,” “intend,” “may,” “potential,” “should,” and similar expressions are forward-looking statements. Although AWS believes that its expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements are disclosed under the heading “Risk Factors” and elsewhere in the corporation’s periodic filings with Canadian securities regulators.