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
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...