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Bullboard - Stock Discussion Forum 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... see more

TSXV:ROX - Post Discussion

Canstar Resources Inc > More Gold?
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Post by diabase1 on Jul 25, 2021 4:16pm

More Gold?

As of July 6, 22 holes have been drilled for a total of 1200m. That's an average of 55m per hole. Very shallow, but they're getting a handle on dip and width of the quartz veins. 12 holes have been logged and 8 of those holes had visible gold. By now, I would assume that the other 10 holes have been logged. So how many of these other holes have visible gold in them? If they have visible gold on surface, could that mean that 'visible' gold is continuous down dip to the point of intersection of quartz veins in each hole?
Logging of core will also give them an idea of other minerals that are important as an accessory mineral with gold in this area, such as antimony, arsenopyrite and chalcopyrite. 
These are interesting times!!
Comment by jrk8888 on Jul 26, 2021 9:30am
www.youtube.com/watch?v=QnsTTfNG_j0
Comment by Flyder on Jul 26, 2021 11:29am
Looking at the stock action vs the latest news, there is an interesting price action.  News came out on July 6th that they are seeing visible gold in 8 of 12 holes.  On that day, the stock price didn't move up but about 500k shares traded.  Then, two days later, the sp jumps .13, from .40 to .53, on 1.4M shares.  Since then, the price has been hanging around the .50 mark ...more  
Comment by diabase1 on Jul 26, 2021 1:24pm
Ryan is probably right: "deeper soil samples are far more accurate in determining what lies underneath in the bedrock". Knowing the number of ice directions probably helps too. The bottom layer will be the first to move the gold at the surface. I always liked the MMI soil survey, because of the vertical movement of the metal ions through all the layers of soil. 
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