Canstar Resources (Canstar) (TSX VENTURE:ROX) is pleased to provide an update on
the current exploration activity for its Mary March Project, located near
Buchan's Junction in Central Newfoundland. 


The Company's recent borehole geophysical program conducted on holes drilled
during 2013 has provided results that distinguish a high priority drill target
near the Mary March massive sulphide zone. All of the holes surveyed clearly
point to a more conductive zone downdip and to the east of holes MM13-29 and
MM13-30, suggesting the mineralization is open for expansion in these
directions. 


The Mary March zone is the initial discovery area drilled by Phelps Dodge in
1999 where they encountered impressive grades of 10.1% Zn, 1.68% Pb, 0.64% Cu,
122.1 grams per tonne (g/t) Ag, and 4.2 g/t Au over 9.63 meters. The drilling
completed by the Company in the Mary March area successfully added to these
results, encountering massive sulphide zones with two separate holes. In
drillhole MM13-30, 11.6 meters of mineralization containing 3.6% Zn, 0.1% Cu,
0.8% Pb, 25 g/t Ag, and 1.5 g/t Au; including a 3.6-meter high-grade zone
containing 7.5% Zn, 0.04% Cu, 1.37% Pb, 26.1 g/t Ag, and 1.7 g/t Au, and
extended the Mary March Zone to depth. In MM13-29, 5.0 meters of mineralization
was encountered, containing 4.82% Zn, 0.38% Cu, 1.04% Pb, 71.3 g/t Ag, and 1.8
g/t Au, including 3.5 meters of 6.21% Zn, 0.13% Cu, 1.42% Pb, 82.8 g/t Ag, and
1.9 g/t Au (see Company Press Release dated January 21, 2014).


Results for surveys completed for holes in the Nancy April area, which is
located approximately 500 meters southwest of the Mary March zone require more
data and investigation, remaining relatively underexplored compared to the Mary
March zone. 


"This is exciting news for our shareholders and for the Mary March project,"
stated Danniel Oosterman, President and CEO of Canstar. "In an area where
mineralization is known to give weak responses, we are encouraged to find such
an obvious anomaly offhole to known mineralization. Needless to say the company
regards this as a high priority target for its next drilling program."


In light of these results the Company is submitting permitting applications for
future exploration work including drilling which is anticipated to commence late
spring to early summer. The company will announce each stage of work
accordingly. 


Mr. Danniel Oosterman, P.Geo., the President and CEO of the Company, is a
"Qualified Person" under National Instrument 43-101 and has reviewed the
technical disclosure in this press release.


On behalf of myself and the Board of Directors, 

Danniel J. Oosterman, P.Geo, President & CEO

Forward-Looking Statements 

Neither 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 includes certain
"forward-looking statements". These statements are based on information
currently available to the Company and the Company provides no assurance that
actual results will meet management's expectations. Forward-looking statements
include estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as "believes", "anticipates",
"expects", "estimates", "may", "could", "would", "will", or "plan". Since
forward-looking statements are based on assumptions and address future events
and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of the Company's
mineral properties, and the Company's financial condition and prospects, could
differ materially from those currently anticipated in such statements for many
reasons such as: changes in general economic conditions and conditions in the
financial markets; changes in demand and prices for minerals; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological and operational difficulties encountered
in connection with the activities of the Company; and other matters discussed in
this news release. This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements. These and other factors should
be considered carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not undertake to update
any forward-looking statement that may be made from time to time by the Company
or on its behalf, except in accordance with applicable securities laws. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canstar Resources Inc.
Danniel J. Oosterman, P. Geo.
President & CEO
1-866-936-6766
doosterman@canstarresources.com


Canstar Resources Inc.
Karen Willoughby
Director Corporate Communications
1-866-936-6766
kwilloughby@canstarresources.com
www.canstarresources.com

Canstar Resources (TSXV:ROX)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024 Click aqui para mais gráficos Canstar Resources.
Canstar Resources (TSXV:ROX)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024 Click aqui para mais gráficos Canstar Resources.