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IP Survey Yields High Priority Drill Target at Copper King Project, Arizona
|By Marketwired .
|August 12, 2014 10:00 AM EDT
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/12/14 -- Desert Star Resources Ltd. (TSX VENTURE: DSR) ("Desert Star" or the "Company") announces that it has completed an Induced Polarization ("IP") Geophysical survey (performed by Zonge International) at its Copper King project in Arizona (Figure 1). The survey identified coincident chargeability and resistivity anomalies measuring approximately 2,700 meters long, extending from surface to a depth greater than 600 meters (Figures 2 and 3). These anomalies are significant because they are located within a zone of intense alteration (including quartz-sericite-pyrite and D-veins) that is consistent with the geology typically seen in the upper parts of porphyry copper systems.
Copper King Survey Details and Results
The Copper King survey consisted of Pole-dipole IP/Resistivity data using a dipole-length (a-spacing) of 300 meters. Measurements were made for continuous coverage (n=15) in time domain mode using a 0.125 Hz, 50 percent duty-cycle transmitter waveform. Instrumentation consisted of a Zonge GDP-32II, multi-channel receiver. The signal source was a Zonge GGT-30, 10 KVA transmitter powered by a ZMG-30 Kw or ZMG-9 Kw motor generator.
The IP survey at Copper King produced two high quality anomalies (Figures 2 and 3) consisting of chargeability highs (greater than 20 msec) (Figure 3A) coincident with resistivity low features (Figure 3B). The combined anomalies measure approximately 2,700 meters in length when projected to surface and are present beyond the depth of the survey (approximately 600 meters) (Figures 2 and 3). The anomalies identified by the survey are open to the southwest, coalesce at depth, appear to plunge toward the southwest, and are interpreted to be caused by disseminated sulphides, which is consistent with mineralization associated with porphyry copper systems.
About IP Geophysics
Induced polarization is a ground-based electrical geophysical method that can be used to map subsurface geology and in some cases can detect mineralization. Induced polarization occurs when a current passing through two electrodes in the Earth is shut off and the voltage in the ground decays slowly rather than instantaneously, which indicates that a charge has been stored in the rocks. The presence of clay minerals and metallic-luster sulphide minerals including major copper ore minerals in the subsurface can cause this phenomenon. IP is frequently used in mineral exploration for porphyry copper deposits as it assists in the delineation of areas of disseminated sulphide mineralization, and helps vector exploration drilling into the core of the system.
To view the Figures associated with this release, please visit the following link: http://media3.marketwire.com/docs/DesertFig1-3.pdf.
About the Copper King Project
The Copper King project covers 1,398 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 VENTURE: 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.
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 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 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; 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 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.
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