Welcome!

News Feed Item

Canstar Resources Announces Significant Results from Winter Drill Program on its Mary March/Nancy April Projects

TORONTO, ONTARIO -- (Marketwired) -- 01/21/14 -- Canstar Resources (Canstar) (TSX VENTURE: ROX) -

Highlights include:


--  Hole MM13-30 - 11.6 meter intersection containing 3.6% Zn, 0.1% Cu, 0.8%
    Pb, 25 g/t Ag, 1.5 g/t Au; including 3.6 meters containing 7.5% Zn,
    0.04% Cu, 1.37% Pb, 26.1 g/t Ag and 1.7 g/t Au
--  Hole MM13-29 - 5.0 meters of 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

Canstar Resources is pleased to announce that it has intersected significant widths of base and precious metal mineralization during its recently completed drilling program on the Mary March Joint Venture project located in the prolific Buchans Mining District of central Newfoundland. Results from the program were very encouraging, with mineralization encountered in all 3 of its planned drill holes.

Mary March Zone

Drill holes MM13-29 and MM13-30 confirmed the continuity of the gold-bearing, zinc-rich volcanogenic massive sulphide (VMS) mineralization as well as extending the zone to depth. The two holes were drilled on the same section and indicate a minimum 30 meter down dip extension to the Mary March zone, which remains open in the down dip and down plunge directions.

Highlights from the drilling include an 11.6 meter intersection in hole MM13-30 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, which extended the Mary March Zone to depth. The Mary March zone was also targeted in hole MM13-29 and encountered 5.0 meters of 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. Results are tabulated below:


BHID            From      To  Length     Zn%     Cu%     Pb%  Ag ppm  Au ppm
MM13-29       341.56  346.60    5.04    4.82    0.38    1.04    71.3     1.8
including...  343.00  346.45    3.45    6.21    0.13    1.42    82.8     1.9
MM13-30       354.78  366.35   11.57    3.56    0.12    0.81    24.6     1.5
including...  362.71  366.35    3.64    7.54    0.04    1.37    26.1     1.7

Nancy April Zone

A single drill hole, MM13-31, was designed to test the continuity of a previously recognized mineralized stockwork zone in the Nancy April area, located 500 meters southwest of the Mary March zone. Stockwork zones are important indicators of VMS systems and represent the lower root zones of these types of orebodies through which metal-bearing fluids percolate to an upper main zone. Stockworks are also important sources of copper mineralization in many VMS systems.

Drill hole MM13-31 was collared 30 meters from previous drilling and encountered the stockwork zone at approximately 150 meters vertical depth. Results indicate a widening of the zone from previous intercepts, increasing from 7.1 meters to 18.9 meters with an attendant rise in metal grades (cf. MM294-3, 1.00% Zn, 0.04% Cu, 0.50% Pb), which bodes well for further exploration in the Nancy April area.

In addition to the stockwork zone intercepts, MM13-31 encountered a shallow zone of anomalous to low-grade mineralization interpreted to be a near surface component of the Nancy April mineralized zone. It is known that this zone occurs at depth of approximately 150 metres in holes located to the northeast of MM13-31 (MM294-4; 6.75 meters @ 1.00% Zn, 0.80% Cu, 0.59% Pb). The anomalous zone in MM13-31 was encountered only 51 meters from surface, indicating potential for the Nancy April area to host shallow mineralization and represents a significant geological target for future programs. Results for the Nancy April drilling are presented in the following table:


BHID            From      To  Length     Zn%     Cu%     Pb%  Ag ppm  Au ppm
MM13-31       208.10  226.64   18.54    1.59    0.13    0.21     2.4     0.0
MM13-31       259.32  278.18   18.86    1.64    0.08    0.45     3.8     0.0
MM13-31        73.00   84.48   11.48    0.23    0.50    0.06     1.3     0.1
including...   82.54   82.87    0.33    0.64   15.30    0.13    23.2     0.6

"The results of this program confirm that the Mary March and Nancy April zones are not only present, but have significant potential to grow in size," stated Canstar's President and CEO, Danniel Oosterman, "We already have future targets resulting from this round of drilling alone, and have yet to complete borehole geophysics on these holes. Any targets derived from that work would underscore the outstanding potential we believe exists on the Mary March Property which we hope to evaluate in 2014."

A conference call will be held on Wednesday, January 22 at 2pm EST to discuss the results and plans going forward. Investors are invited to submit questions to [email protected], which will be addressed by President Danniel Oosterman during the call.

The conference numbers are:

Local Dial-in Number: (+1) 416 764 8600

Toll Free Dial-in Number: (+1) 888 575 5156

Guest Code: 8562103 #

Canstar Resources adopts industry recognized QA/QC methods. Drill intervals are core length and are estimated to be close to true thickness. A geochemical standard control sample and one blank sample is inserted into the sample stream every 20th sample. Lab duplicates are analyzed using Thompson-Howarth plots. Samples are shipped to AGAT Laboratories in Mississauga for analysis. AGAT Labs is an ISO/IEC 17025 accredited laboratory and maintains ISO 9001 standards, policies and procedures. Danniel Oosterman, P.Geo is President and Chief Executive Officer and is a Qualified Person as defined by NI 43-101 and is responsible for the technical information in this release.

On behalf of 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In his session at @DevOpsSummit at 20th Cloud Expo, Kelly Looney, director of DevOps consulting for Skytap, showed how an incremental approach to introducing containers into complex, distributed applications results in modernization with less risk and more reward. He also shared the story of how Skytap used Docker to get out of the business of managing infrastructure, and into the business of delivering innovation and business value. Attendees learned how up-front planning allows for a clean sep...
Detecting internal user threats in the Big Data eco-system is challenging and cumbersome. Many organizations monitor internal usage of the Big Data eco-system using a set of alerts. This is not a scalable process given the increase in the number of alerts with the accelerating growth in data volume and user base. Organizations are increasingly leveraging machine learning to monitor only those data elements that are sensitive and critical, autonomously establish monitoring policies, and to detect...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...