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Arrowstar Files Secret Pass Ni 43-101 Technical Report On SEDAR

VANCOUVER, BC / ACCESSWIRE / May 31, 2016 / Arrowstar Resources Ltd (“Arrowstar” or the “Company“) (TSX.V: AWS) is pleased to announce that the Company has filed its National Instrument 43-101 Technical Report (“NI 43-101“) for the Company’s Secret Pass Property (the “Property“) dated May 4, 2016, on SEDAR. The NI 43-101 was prepared for the Company by Barbara Carroll, BSc CPG who is acting as the Company’s Qualified Person (“QP“).

Secret Pass highlights include the following:

The 43-101 recommends a two-phase program of exploration. The first phase exploration program budgeted at US$200,000 and a second phase of verification exploration budgeted at US$400,000 as follows:

Phase 1

A complete property-wide review of all previous field work, including sampling and geologic mapping of the known mineralized occurrences, to identify priority targets for follow-up drilling. The program will include geochemical, geological mapping focusing on structure and alteration and geophysical reinterpretation. In addition, a planned field review of the Oatman Gold District designed to interpret the potential mineral deposition similarities in an effort to assist structural modeling for the Property.

Phase 2

Follow up core drilling of 6 to 10 holes to test the priority targets generated from Phase one and test the QA/QC. Advancing to Phase 2 is contingent on positive results from Phase One.

This news release has been reviewed and approved by Barbara Carroll, BSc CPG, who is acting as the Company’s QP for the Secret Pass property technical report, in accordance with NI 43-101.

On Behalf of the Board of Directors,

Arrowstar Resources Ltd.

“Phillip Thomas”

Investor Contact:


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.

SOURCE: Arrowstar Resources Ltd.

ReleaseID: 440597

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