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Canstar Resources Inc V.ROX

Alternate Symbol(s):  CSRNF

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.


TSXV:ROX - Post by User

Bullboard Posts
Comment by svosteveon May 13, 2013 2:18pm
132 Views
Post# 21386302

RE: RE: update

RE: RE: update
Re:   News Releases - Monday, May 13, 2013      Corporate Strategy Update from the New President and CEO of      Canstar Resources Inc.======================================================================= Toronto, Ontario -- May 13, 2013.  Canstar Resources Inc. (Canstar)(TSX.V: ROX) is pleased to announce its corporate strategy under thedirection of its new President and Chief Executive Officer, DannielOosterman. The Mary March Project remains the immediate focus of Canstar in 2013. Canstar has concluded the current exploration results from the MaryMarch Project justify further exploration.  The 2012 drill program isunder review and Mr. Oosterman has been on location at the Mary MarchProject to gather additional information in order to develop a 2013exploration program in conjunction with Xstrata, our Mary March jointventure partner.  Further announcements will be made as these plans areestablished. As an exploration company, a sound project portfolio will help tomaximize the potential for adding value.  Canstar's current inventoryof projects is well regarded by us; however, we will be ever vigilantin our search for projects of merit that meet our technical andcorporate criteria to expand our project base. Our existing projectsare being evaluated to determine the merit of further work.  Canstarwill maintain a low-cost, high return approach, and Mr. Oosterman willpersonally oversee the execution of programs. Canstar will continue to follow the strategy of directing as manyresources as possible into the ground, as real data is the source ofreal results, from which Canstar intends to create real shareholdervalue. On a further note, the options that were announced in the press releasedated May 1, 2013, will have an exercise price of $0.10. On behalf of myself and the Board of Directors, I would like to thankyou for your continued loyalty and support.  Danniel J. Oosterman,P.Geo  President & CEO
Bullboard Posts