Canstar Resources Inc V.ROX

Alternate Symbol(s): CSRNF

Metals & Mining Industrial Metals & Minerals

Canstar Resources Inc. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration and development of mineral properties located in Canada. The Company’s flagship exploration project is the Golden Baie project in south-central Newfoundland. The Golden Baie project is the Company’s flagship precious metals exploration asset. Its 100%-owned Golden Baie Project (548.75 square kilometers) hosts 93 kilometers (km) of a structure similar to Newfound Gold's QueenswayGold Project. Its Buchans-Mary March projects (65.75 square kilometers), which include a Glencore joint venture, are located within the past, producing VMS zinc-copper-silver rich Buchans Mining Camp and boast high-grade zinc and copper discoveries. The Buchans-Mary March Project is located in central Newfoundland, 20 km northeast of the same geological group that hosts the former producing Buchans Mine. Its wholly owned subsidiary is Altius Minerals Corporation.

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Canstar Resources Inc

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Comment by jensen383on Nov 06, 2009 2:49pm

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Post# 16462299

RE: An undiscussed possibility is

The logical future will be Xstrata buying out Canstars 50% interest after they let Canstar do some drilling (which Canstar has to do anyway to earn their 50% interest in the first place...remember Canstar only has an option at this point). If the property shows good early assays Xstrata will buy out Canstar before the price gets too high...say $0.50 to $0.75 and we all make some really good money.

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