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 The company has determined that Quebec has the potential for strategic importance for a number of reasons.
- According to the Fraser Institute, in 2010 Quebec ranked in the top 3 of the world's most attractive jurisdictions for mineral exploration and development.
- Implementation of the government's "Plan Nord" is underway:
- $2.1 billion of government investment is earmarked over the next 5 years.
- Overall 25-year plan expected to lead to over $80 billion in investment.
- Proximity to Payne Bay also provides potentially close access to a deep water port for global access.
Roberts Lake Property - The Company's purchase of 128 claims at Roberts Lake, in Northern Quebec along the extensive Ungava Bay Iron Formation is part of this strategic plan. Roberts Lake is an important acquisition from an industry leverage perspective.
The claim sits in close proximity to neighbouring Oceanic Iron Ore Corp's (TSX-V: FEO) large Roberts Lake iron ore claims. On January 23, 2012, Oceanic announced better than expected assay results from the Kayak Bay deposit in the Roberts Lake project area as part of their 2011 drilling program consisting of approximately 11,500 metres of drilling in the Hopes Advance project area, and 1,089 metres of drilling in the Roberts Lake project area. Oceanic has indicated that the Roberts Lake project area is expected to be the next area of focus for their resource verification program. Arrowstar believes the property's value is enhanced by its strategic location because, if sold or optioned to them, it could consolidate Oceanic's land holding at their Ungava Bay properties.
- Claims cover 50% of the iron formation in the Roberts Lake area that are not already staked by Oceanic.
- Would significantly increase tonnage and grades reported in Oceanic's NI 43-101.
- Geological and magnetic data indicate claims could provide an addition to Oceanic's stated iron ore reserves.
- 21km in the middle of Oceanic's ground would consolidate Oceanic's land holding in the Ungava Bay Iron Formation.
- Proximity to Payne Bay also provides the property potential close access to a deep water port for global access.
Image Below: Potential Deep Water Port access through Payne Bay.
Image Below: Ungava Bay offers shipping lane access to the world.
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