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Canstar Resources Inc CSRNF


Primary Symbol: V.ROX

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

Post by Flyderon Sep 30, 2021 10:58am
443 Views
Post# 33943369

Review of ROX

Review of ROX I've just reviewed the news releases over the past 5 months and grabbed the saliant points:

1) 62 holes have been completed.  Only 2 holes have been reported on.  TWO!   of which a great intersection was reported from one of those holes: 9.6 g/t over nearly 8 m.

2)  5734 m were drilled, an extra 734 m beyond what they had initially planned.  

3) They focused on the Kendall and Blow Out targets, where grab samples as high as 4485 g/t Au were recovered.

4) Sprott invested in the company twice, and owns a whopping 31% of the outstanding shares.  He has, on several occassions, mentioned Canstar when he lists the companies he's most interested in.  After NFG, LAB, and SIC, he'll add on ROX.  Seems to be a darling of his.

Results of 60 holes coming down the pike, some of which should be announced soon, and the stock is at .31, which is .065 below where Sprott last invested.  I just picked up a bunch at .32.
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