VANCOUVER, British Columbia, June 15, 2012 /PRNewswire/ -- Urastar Gold Corp. ("Urastar" or the "Company") (TSX-V:URS) (FSE: 3U3) (OTCQX: URNRF) is pleased to provide an update on drilling results at the El Antimonio property located in Sonora State, Mexico.
Urastar is currently carrying out an extensive RC drilling program on the El Antimonio property and so far 27 holes have been completed. Significant intersections previously released included 29 metres grading 0.79 grams per tonne gold in hole EA-12-17 (See news release dated 6 June 2012). Recently received significant intercepts include the following:
| Hole | From (ft) | To (ft) | Core Interval (ft) | From (m) | To (m) | Core Interval (m) | Au (g/T) | Comment |
| EA-12-19 | 130.0 | 305.0 | 175.0 | 39.6 | 93.0 | 53.3 | 0.29 | |
| EA-12-20 | 70.0 | 85.0 | 15.0 | 21.3 | 25.9 | 4.6 | 0.16 | |
| EA-12-21 | 75.0 | 295.0 | 220.0 | 22.9 | 89.9 | 67.1 | 0.54 | includes 170-180 (10ft) @ 3.65 g/T |
The Company considers these results highly significant and indicative of potential for a bulk tonnage gold deposit.
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Drill cutting samples were submitted to ALS Minerals in Hermosillo for preparation. Sample analysis was done at ALS Minerals in North Vancouver, Canada for gold by the Fire Assay method on 30 gram subsamples with AAS finish. ALS is an independent ISO certified commercial laboratory. Quality control included monitoring results of certified reference standards, duplicates and blank samples submitted with the samples. Intervals are measured down the hole and may not represent true thickness.
Dr. Matt Ball, P.Geo., is a Qualified Person pursuant to National Instrument 43-101 who has reviewed the technical information contained in this news release.
Contacts:
Adrian Robertson, President & CEO
Tel: 604-682-2928
Launch IR
Matthew Harrington, Investor Relations
ir@urastarenergy.com
Tel: 613-882-7467
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release includes certain statements that express management's expectation or estimates of future performance and may be deemed "forward-looking statements". These forward-looking statements include plans, estimates, forecasts and statements as to management's expectations regarding exploration. These forward-looking statements involve assumptions, risks and uncertainties and actual results may vary materially. For these reasons shareholders should not place undue reliance on such forward-looking information.
United States residents are cautioned that some of the information that may be published by Urastar may not be consistent with United States Securities and Exchange Commission disclosure rules and may be materially different from what the Company is permitted to disclose in the United States and therefore United States residents should not rely on such information.
SOURCE Urastar Gold Corp.