TSX-V: DSR
VANCOUVER, Feb. 1, 2016 /CNW/ - Desert Star Resources
Ltd. (TSX-V: DSR) ("Desert Star" or the "Company") is pleased to
announce that it has commenced drilling at its Copper King project
in the Superior district of
Pinal County, Arizona. Desert Star
is conducting a diamond drill program (approximately 2100 meters)
targeting a significant porphyry-style alteration footprint that
coincides with historic copper workings and an IP geophysical
anomaly, approximately 5km from the Resolution Copper Project (Fig.
1).
Copper King is situated in a prolific, high-grade copper camp,
and the drill target is characterized by local high-temperature
alteration of porphyry dikes and diabase intrusions, in addition to
evidence of telescoping, similar to that documented at other
deposits in the district. The Copper King project is underlain by
favorable host rocks and has no post mineral cover (as at the
Resolution Copper Project), as porphyry-style alteration exists at
surface. Additional technical information regarding the Copper King
project is available on the Desert Star website at:
www.desertstar.ca.
Copper King Exploration Highlights
Field work conducted by Desert Star Resources at the Copper King
Project has consisted of 1:5000 scale geological mapping, clay
alteration studies (short wave infrared measured by Terraspec), and
a 3D Volterra IP study by SJ Geophysics. This work has
defined a 4 x 5 kilometer anomaly that is prospective for porphyry
copper mineralization, located approximately 5 kilometers away from
the Resolution Copper Deposit. High grade copper is found in
small-scale historic workings on the property, and geological
mapping and sampling have accurately mapped the distribution of
diabase, limestone/marble and quartz diorite units which are
favorable host rocks, and have the capacity to host high-grade
copper mineralization. The Copper King footprint contains a
large volume of quartz-sericite-pyrite (QSP) and
marble-serpentine-calc-silicate altered rocks with smaller internal
zones of secondary biotite, silica and tremolite, all of which can
occur above and lateral to copper mineralization in porphyry
systems. Copper King is cored by a large IP anomaly
consisting of a coincident chargeability high/resistivity low
measuring 1.3 x 1.1 kilometers. This response is consistent
with the expected response from disseminated sulphides associated
with porphyry copper mineralization.
About the Copper King Project
The Copper King project covers 1,438 hectares and consists of
189 unpatented federal lode mining claims located approximately 5
kilometers from the world-class Resolution Copper Project and the
town of Superior. The Copper King
project is prospective for bulk tonnage copper and molybdenum
mineralization. Alteration zonation and surface geology suggest
that the Copper King target represents the side and/or top of a
tilted, intact porphyry system. The Copper King project is under
option from Eurasian Minerals Inc. (TSX-V: EMX; NYSE MKT:
EMXX). The Company cautions that it is not implying that it
will receive the same or similar results as the Resolution Copper
Project.
Qualified Person
Daniel MacNeil, MSc PGeo, a
Qualified Person as defined by National Instrument 43-101, has read
and approved all technical and scientific information contained in
this news release. Mr. MacNeil is the Company's Vice President,
Exploration.
About Desert Star
Desert Star is a Vancouver-based mineral exploration company
focused on the identification, acquisition and development of
copper and gold projects located in top-tier mineral belts in the
southwestern United States that
contain significant historical production, existing mining
infrastructure and an established mining culture.
Vince Sorace
President and CEO, Desert Star Resources Ltd.
Cautionary Note Regarding Forward-Looking
Statements
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release contains certain statements that may be
deemed "forward-looking statements". Forward-looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur. Although Desert Star believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, are subject to risks and uncertainties, and
actual results or realities may differ materially from those in the
forward-looking statements. Such material risks and uncertainties
include, but are not limited to, Desert Star's ability to raise
sufficient capital to fund its obligations under its property
option agreements, to maintain its mineral tenures and concessions
in good standing, to explore and develop its projects, to repay its
debt and for general working capital purposes; changes in economic
conditions or financial markets; the ability of Desert Star to
obtain the necessary permits and consents required to explore,
drill and develop the projects and if obtained, to obtain such
permits and consents in a timely fashion relative to Desert Star's
plans and business objectives for the projects; the general ability
of Desert Star to drill test its projects and find mineral
resources; if any mineral resources are discovered or acquired, the
Company's ability to monetize any such mineral resources; and
changes in environmental and other laws or regulations that could
have an impact on the Company's operations. Forward-looking
statements are based on the reasonable beliefs, estimates and
opinions of Desert Star's management on the date the statements are
made. Except as required by law, Desert Star undertakes no
obligation to update these forward-looking statements in the event
that management's beliefs, estimates or opinions, or other factors,
should change.
SOURCE Desert Star Resources Ltd.