ZURICH, SWITZERLAND / ACCESSWIRE / July 21, 2016 / Today, Rockstone Research published a report on Arctic Star Exploration Corp. (TSX.V: ADD), Canalaska Uranium Ltd. (TSX.V: CVV) and Fjordland Exploration Inc. (TSX.V: FEX).
Earlier today, Arctic Star has announced the 100% acquisition of the Diamond Dune Project in the Athabasca Basin, Saskatchewan. The new exploration project consists of 2 separate claim blocks totaling 40,832 hectares, located southwest and southeast of properties currently being explored for diamonds by DeBeers Canada Inc. and Canalska Uranium Ltd. Both have announced a $20.4 million CAD option agreement to explore 75 kimberlite-style magnetic targets identified by Canalaska from an airborne geophysical survey by the Saskatchewan Geological Survey. DeBeers recently completed esker sampling for kimberlite indicator minerals in the area and has commenced detailed magnetic mapping of geophysical anomalies. Canalaska's stock is up +1,100% since February, when it announced the staking of its properties, and currently enjoys a market capitalization of nearly $30 million CAD.
Most interestingly, Fjordland Exploration Inc. announced the acquisition of a neighboring property in March at a similar share price level as Arctic Star today (both around 100 million issued and outstanding). On the day Fjordland announced the property acquisition, its share price jumped by +250% on massive volume and 4 months later it's trading at $0.09 CAD today (+800%) and enjoys a market capitalization of $9 million CAD. Arctic Star has a current market value of less than $3 million CAD and a similar performance is anticipated. As Canalaska and Fjordland have demonstrated over the last months, the Athabasca Basin is one of the world's hottest diamond exploration spots at the moment, attracting highly increased investors' interest.
The full report can be accessed with the following links:
Disclaimer: Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.
SOURCE: Rockstone Research