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Bullboard - Stock Discussion Forum Estrella Gold Corporation V.EST

TSXV:EST - Post Discussion

Estrella Gold Corporation > EST to drill 2,500m at Pucarana
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Post by coffintrader on Apr 25, 2011 10:15am

EST to drill 2,500m at Pucarana

Estrella Gold starts 2,500 m drill program at Pucarana

2011-04-25 09:52 ET - News Release

Mr. Keith Laskowski reports

ESTRELLA ANNOUNCES DRILL PROGRAM AT PUCARANA GOLD PROJECT, PERU

Estrella Gold Corp. has commenced a 2,500-metre core drilling programat its Pucarana gold project in southern Peru. The property contains1,889 hectares of mineral land located 15 kilometers southeast of thePoracota gold-silver mine and eight kilometers southwest of the portalof the Chipmo gold mine, both of which are operated by BuenaventuraMines Corporation. The Pucarana gold project is held within a jointventure with Esperanza Resources Corporation ("Esperanza"). Esperanza isthe operator and is planning a first phase drill program includingapproximately 10 core holes totaling 2,500 meters. The drill program istargeting favorable areas within a gold mineralized alteration systemcontaining quartz veins, vuggy silica alteration and silicified bodieswithin a region of volcanic-hosted advanced argillic epithermalalteration, similar to the geology and alteration observed at the ChipmoGold Mine. The principal mineralized structures at the Chipmo Minetrend southwest towards the alteration zones present at the Pucaranaproject. The Chipmo Mine produced more than 290,000 ounces of gold in2010 from high grade gold veins making it one of the largest and mostprofitable gold producers in South America. Together, Poracota andChipmo produced 360,000 ounces of gold and 131,000 ounces of silver in2010, indicating that the district contains very significant potentialfor additional mineralization. Detailed drill plans, geology, and crosssections are available at the following website:https://www.epzresources.com/newproject_perumap.php.

Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes ofNational Instrument 43-101 Standards of Disclosure for Mineral Projectsof the Canadian Securities Administrators, and has prepared, reviewedand verified the technical information contained in this news release.Estrella Gold has six precious metal exploration projects in Peru. TheCompany has 17.3 million shares issued and outstanding on the TSXVenture Exchange (TSX VENTURE: EST). Further information is available atEstrella Gold's website: www.estrellagold.com.

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