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 Inveskingon Jun 06, 2012 11:01am

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Post# 19985124

RE: RE: RE: Drilling next month

i am frustrated.

However, i would not want to prove up a potentail multi-billion dollar property without an iron clad rock solid agreement in place saying who owns what.

We got the 50%, we want to keep the right of purchase for the other 50% as low as possible, before anything gets proven up.

The disfunction and rat-race involved in a buyout/merger may provide some smoke and mirrors and we may be able to get the other 50% for cheap...

Yes, i am frustrated.

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