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 svosteveon Oct 29, 2014 8:18am

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Post# 23071239

$333,891 left in cash

I checked out sedar.com for the latest canstar filings. The lastest M & A says that we have $333,891 in cash and $650,000 in short term investments as of June 30, 2014. The short term investments are GIC at 1.71% and mature on June 10 2015. Glencore did not particapate in the 2013-2014 exploration programs, so there share has gone down to 46.6% and canstars has gone up to 53.4%.

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