Canstar Resources Inc.

Published : June 25th, 2014

Canstar Resources Provides Exploration Update: Commences Ground Geophysics on Mary March Property

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Keywords :   Canada | Diamond | Gold | Lead | Zinc |

Canstar Resources Provides Exploration Update: Commences Ground Geophysics on Mary March Property

TORONTO, ONTARIO--(Marketwired - Jun 25, 2014) - Canstar Resources Inc. (Canstar); (TSX VENTURE:ROX) is pleased to announce the commencement of its summer exploration program, beginning with a ground geophysical survey at its Mary March Property near Buchans Junction, Newfoundland. Canstar will be implementing a deep-penetrating induced polarization (or "IP") geophysical survey in order to enable maximum depth visualization on the property, with focus on the wide mineralization encountered near the Nancy April Zone. This type of technology and depth penetration represents the most detailed and comprehensive survey of its kind to have ever been conducted on the property and utilizes state-of-the-art geophysical methods. The results of this survey will be used for target generation where any new targets will be drilled in the subsequent drilling program also anticipated in the coming months.

2014 Induced Polarization Survey

In contrast to previous geophysical methods utilized on the Mary March Property throughout its exploration history, the IP method is not hindered by potential poor conductivities. It is now well established that the prevalent mineralization at Mary March is very similar to that of the former producing Buchans Mine, which is that of a zinc-rich mineralization with poor electro-conductive properties; the Buchans Mine was one of Canada's all-time highest grade VMS ore producing 16.2 million tonnes averaging 14.50% Zn, 7.56% Pb, 1.33% Cu, 126 grams per tonne (g/t) Ag and 1.37 g/t Au between 1928 and 1984. By utilizing an IP geophysical method, Canstar hopes to detect these otherwise difficult-to-find mineralized areas where we understand there to be the highest potential for mineralization based on geology and previous drilling. The technology for IP geophysical methods has advanced in the last decade such that detection capabilities are now common to vertical depths in excess of 300 meters. Such advancements will greatly enhance Canstar's capability in unraveling both the mineralization on the Mary March Property and the structure that controls it.

2014 Drilling Program

Canstar Resources actively plans to conduct a Diamond drilling program on the Mary March Property. The Company has existing geological targets based on 2013 drilling as well as a very high priority geophysical target generated from the Borehole Electromagnetic surveys ("BHEM") conducted in winter of 2014. Drilling is anticipated to commence shortly after the collection of data from the announced IP survey, which will be incorporated into the generation and refining of targets on the property. The Company will announce more details on the program upon commencement.

2014 Kenora Gold Project

Canstar has commenced preliminary work on its recently optioned Kenora Gold Project and plans to conduct a reconnaissance mapping and sampling program in July of this year. This work will lead to the definition of key areas of highest potential where more detailed exploration work will be conducted. Work on the Kenora Gold Project will be ongoing throughout the year and developments from this work will be announced as they are compiled.

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.

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Canstar Resources Inc.

EXPLORATION STAGE
CODE : ROX.V
ISIN : CA1380811044
CUSIP : 138081 10 4
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Canstar Res. is a gold exploration company based in Canada.

Canstar Res. holds various exploration projects in Canada.

Its main exploration properties are MARY MARCH, BLACK RIVER - CANDOR, MIMINISKA - CANSTAR and SHRIMP LAKE in Canada.

Canstar Res. is listed in Canada. Its market capitalisation is CA$ 3.6 millions as of today (US$ 2.6 millions, € 2.5 millions).

Its stock quote reached its lowest recent point on April 06, 2020 at CA$ 0.02, and its highest recent level on August 20, 2021 at CA$ 0.61.

Canstar Res. has 102 760 000 shares outstanding.

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Financings of Canstar Resources Inc.
8/2/2016Canstar Announces Closing of $1,000,000 Financing
Nominations of Canstar Resources Inc.
6/13/2013Announces the Retirement of Harry J. Hodge and Appointment o...
5/1/2013Announces Appointment of Danniel J. Oosterman as President a...
Project news of Canstar Resources Inc.
10/28/2014Canstar Intercepts 11.5 meters of zinc sulphide mineralizati...
9/11/2013(Mary March)Commences Work on its Mary March Project, Buchans Junction, ...
2/25/2013(Mary March)Announces Positive Results on the Mary March Base Metals Pro...
Corporate news of Canstar Resources Inc.
7/13/2016CANSTAR RESOURCES INC. ANNOUNCES $1,000,000 NON-BROKERED PRI...
7/11/2016Canstar Resources delineates new targets over extensive 1.6 ...
6/20/2016Canstar Resources Inc. Extends Its Ace Gold Showing to 3.1 g...
5/3/2016Canstar Announces Closing of $182,000 Financing
4/12/2016Canstar Resources Inc. Increases Financing by up to $100,000
4/11/2016Canstar Resources Inc. Announces Non-Brokered Private Placem...
1/14/2016Canstar Resources Inc. Announces Final Results of 2015 Field...
12/30/2015Canstar Resources Inc. Announces Closing of Second and Final...
12/24/2015Canstar Resources Inc. Announces Closing of Non-Brokered Pri...
11/2/2015Canstar Resources Inc. Announces $750,000 Non-Brokered Priva...
10/26/2015Canstar locates new showing containing up to 283 g/t gold; C...
7/28/2015Canstar samples up to 68.0 g/t gold in grab samples and deli...
7/28/2015Canstar Samples Up to 68.0 g/t Gold in Grab Samples and Deli...
12/24/2014Canstar Resources Announces Appointment of Director and Gran...
12/1/2014Canstar Receives Numerous High-Grade Grab Sample Results on ...
11/4/2014Canstar Intersects 93.7 meters of 1.00 zinc, 3 g/t silver, a...
8/14/2014Canstar Commences Drill Program Targeting High Priority Geop...
6/25/2014Canstar Resources Provides Exploration Update: Commences Gro...
4/9/2014Canstar Resources Announces Acquisition of Kenora Gold Proje...
5/13/2013Corporate Strategy Update from the New President and CEO of ...
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