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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
Post by jordon3on Oct 26, 2015 9:34am
175 Views
Post# 24226298

News Release

News ReleaseGo to Canstar Website to read the entire NR

Below are our latest press releases. Readers are advised that the information posted was accurate at the time of posting, but may be superseded by subsequent news releases. For archived public information prior to these dates please visit SEDAR.

Oct 26, 2015

Canstar locates new showing containing up to 283 g/t gold; Commences trenching program on Kenora Gold Project

    Toronto, Ontario -- October 26, 2015. Canstar Resources (Canstar; TSX.V: ROX) is pleased to announce the discovery of a new showing on its Kenora Gold Project with rock grab samples returning assays of up to 283.3 g/t gold. The discovery was made 1.2 kilometers south of the historic Black Sturgeon showing and 800 meters southwest of the historic Black Sturgeon South showing. Other grab samples from the discovery area yielded significant values of 15.7 g/t and 4.7 g/t, with numerous additional samples grading above 0.8 g/t Au. This is the second phase of a 2015 exploration program on the Kenora Gold Project, the successful results for the first phase having been announced on July 28, 2015.

    Several highlights of this most recent program, including the above developments, are:

    • The discovery of a new high grade showing yielding grab samples up to 283.3 g/t gold
    • 20 of 168 grab samples returning gold values greater than 1 g/t
    • 6 grab samples returned very high gold values ranging from to 7.9 g/t to 283.3 g/t
    • 56 of 168 grab samples returned anomalous gold values (0.1 g/t) or greater

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