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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Post by jensen383on Nov 01, 2010 12:01am

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Post# 17638021

Drilling upon decision

Based on the June 30th financial statements the company has less than $200,000. Has anyone heard whether they are going to be raising money through a private placement? It is my understanding is that they have to spent $750,000 on the property to earn their 50% interest of the Mary March property. It would be nice to see a good SP increase before they have to issue more shares in a private placement.

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