|By Marketwired .||
|January 21, 2014 07:00 AM EST||
TORONTO, ONTARIO -- (Marketwired) -- 01/21/14 -- Canstar Resources (Canstar) (TSX VENTURE: ROX) -
-- 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
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.
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Aug. 4, 2015 03:48 PM EDT
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Aug. 4, 2015 03:00 PM EDT Reads: 572
Scrum Alliance has announced the release of its 2015 State of Scrum Report. Almost 5,000 individuals and companies worldwide participated in this year's survey. Most organizations in the market today are still leading and managing under an Industrial Age model. Not only is the speed of change growing exponentially, Agile and Scrum frameworks are showing companies how to draw on the full talents and capabilities of those doing the work in order to continue innovating for success.
Aug. 4, 2015 02:45 PM EDT
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Aug. 4, 2015 02:00 PM EDT Reads: 384
Between the compelling mockups and specs produced by your analysts and designers, and the resulting application built by your developers, there is a gulf where projects fail, costs spiral out of control, and applications fall short of requirements. In his session at @DevOpsSummit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, presented a new approach where business and development users collaborate – each using tools appropriate to their goals and expertise – to build mocku...
Aug. 4, 2015 01:30 PM EDT
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Aug. 4, 2015 01:00 PM EDT Reads: 291
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Aug. 4, 2015 12:00 PM EDT Reads: 112
Graylog, Inc., has added the capability to collect, centralize and analyze application container logs from within Docker. The Graylog logging driver for Docker addresses the challenges of extracting intelligence from within Docker containers, where most workloads are dynamic and log data is not persisted or stored. Using Graylog, DevOps and IT Ops teams can pinpoint the root cause of problems to deliver new applications faster and minimize downtime.
Aug. 4, 2015 11:45 AM EDT
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Aug. 4, 2015 11:30 AM EDT Reads: 115
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
Aug. 4, 2015 09:30 AM EDT Reads: 112
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Aug. 4, 2015 08:45 AM EDT Reads: 259
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Aug. 4, 2015 07:00 AM EDT Reads: 225
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Aug. 3, 2015 11:00 PM EDT Reads: 705
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 3, 2015 06:45 PM EDT Reads: 549
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
Aug. 3, 2015 03:30 PM EDT