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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 smackdown71on Sep 08, 2016 2:57pm
121 Views
Post# 25219071

RE:RE:Drilling

RE:RE:DrillingKJ1

I too have been a long time investor predicated on the thesis that the MM and NA were the ticket.  One must realize two things here; 1) extended bear market in base metals does not bode well for spending money on discovering a base metal ore body, and 2) after paying a song for claims at Kenora and doing a ton of field work at minimal costs during a time of GOLD turning up.....it makes complete sense to put forth all their efforts to the Kenora Gold Project.  It is a much simpler geology and with gold vs. base metals, extensive surface work is very attributable to finding mineralization (aka cheap to do when protecting the treasury). 

Trust me, at $5-6mill mkt cap back in Nov of 2015 and having these two properties, you have amazing value and at this point any upside from the Kenora works in your favour as the MM and NA are in our back pocket if (or shall I say when) the cycle in base metals turns up.  I would argue that is in the works as well. Stay invested and be part of a great company building exercise here.  Cheers
Bullboard Posts