Canstar Resources Inc.

Published : December 03rd, 2015

Canstar Samples 2.0 g/t Gold over 18 meter Channel on its Kenora Gold Project

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Capital Markets | Diamond | Gold |

Canstar Samples 2.0 g/t Gold over 18 meter Channel on its Kenora Gold Project

Toronto, Ontario -- December 3, 2015. Canstar Resources Inc. (Canstar; TSX.V: ROX) is pleased to announce assay results from its recent trenching and channel sampling program.

A total of 85 samples were collected over 7 channels with additional 7 chip samples following the Company's most recent reconnaissance program which highlighted a number of high grade gold-bearing areas on the project (see Company's press releases dated October 26th 2015 and July 28th, 2015). Highlights from this channel sampling program include:

• An 18.0 wide meter channel containing 2.0 g/t gold including 5.0 meters containing 6.8 g/t gold on its Aviator trend
• A 2.7 meter long select chip sample containing 5.0 g/t gold on its Hilly Lake trend
• A 1.4 meter wide channel containing 1.8 g/t gold on its Black Sturgeon trend
• Discovery of a new showing parallel to the Aviator trend containing a select channel sample of 0.7 meters containing 1.7 g/t dubbed 'Avro East'
'The purpose of this program was to demonstrate that the mineralized areas that the Company identified during its 2015 grassroots exploration program can extend over appreciable widths' said Danniel Oosterman, President & CEO of Canstar, 'The channel sampling confirmed that this is the case, especially with regards to the Aviator trend, and we are very encouraged by these results.' Highlighted channel samples are tabulated below:

Table 1. Channel sample results from 2015 Program (note: Hilly Lake samples are composited chip samples)

Trend Channel From (m) To (m) Length (m) Au (g/t)
Main Showing/Aviator AV5 0.00 18.00 18.00 1.97
Main Showing/Aviator ...including 4.50 9.50 5.00 6.75
Hilly Lake HL1 0.00 2.70 2.70 5.03
Hilly Lake including 1.35 1.80 0.45 14.80
Launch CH3 0.40 0.70 0.30 12.90
Launch CH1 0.50 0.80 0.30 3.13
Black Sturgeon CH6 1.00 2.35 1.35 1.75
Aviator AV4 0.00 1.00 1.00 3.91
Avro East New 0.50 1.20 0.70 1.72

The channel samples collected occurred in various rock types, from quartz-veins and into adjacent volcanic rocks. In the case of Hilly Lake, the main gold association is with intrusive rocks. Structurally, observed shearing on the project dips vertical to sub-vertical, thus the reported results are believed to represent a good approximation of true width values. Alteration and shearing is evident at the outcrop scale, as is a notable association of higher gold content where increased sulphides are observed. The Company believes this sulphide association will aid as a targeting characteristic for a geophysical program, which it wishes to conduct in early 2016. Due to weather constraints, detailed mapping of stripped areas was not completed; however, the Company does intend to complete this work in Spring of 2016. The project is expected to be upgraded to a drill-ready status upon completion of this work.

QP and Quality Control
Channel samples were taken with a Diamond blade saw at approximately 90 degrees to observed structural trends. Results reports are composited using weighted averages over the length of sample as reported. Canstar observes a quality control program for all of its exploration work according to best practices in the industry from sample shipment and preparation to data collection and analyses. Fire assay and Aqua Regia ICP analyses were completed by Activation Laboratories Ltd. (Actlabs) who are ISO 17025 accredited and/or certified to 9001: 2008.

Danniel Oosterman, P.Geo is President and Chief Executive Officer of Canstar, 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

Contacts:
Danniel J. Oosterman, P. Geo.
President & CEO
E: [email protected]

Karen Willoughby
Director Corporate Communications
T: 1-866-936-6766
E: [email protected]

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 News Release. This News Release includes certain 'forward-looking statements'. These statements are based on information currently available to Canstar, and Canstar provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe Canstar's future plans, objectives or goals, including words to the effect that Canstar 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'. Forward-looking statements are based on Canstar's assumptions regarding, among other things, results of exploration, project development, reclamation and capital costs of Canstar's mineral properties, capital markets activities, and Canstar's financial condition and prospects. As these statements address future events and conditions, by their very nature they involve inherent risks and uncertainties, and so Canstar's actual results 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 Canstar's activities; and other matters discussed in this News Release. This list is not exhaustive of the factors that may affect any of Canstar's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Canstar's forward-looking statements. Canstar does not undertake to update any forward-looking statement that may be made from time to time by it or on its behalf, except in accordance with applicable securities laws.

Read the rest of the article at www.noodls.com

Canstar Resources Inc.

EXPLORATION STAGE
CODE : ROX.V
ISIN : CA1380811044
CUSIP : 138081 10 4
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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, BLACK RIVER and MIMINISKA LAKE in Canada.

Canstar Res. is listed in Canada. Its market capitalisation is CA$ 4.1 millions as of today (US$ 3.0 millions, € 2.8 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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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 ...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (ROX.V)
0.040+14.29%
TSX-V
CA$ 0.040
04/23 14:34 0.010
14.29%
Prev close Open
0.035 0.040
Low High
0.040 0.040
Year l/h YTD var.
0.030 -  0.050 33.33%
52 week l/h 52 week var.
0.020 -  0.070 -33.33%
Volume 1 month var.
30,000 -%
24hGold TrendPower© : 6
Produces
Develops
Explores for Copper - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20240.00%
2023-52.94%0.090.03
2022-66.00%0.300.06
2021-34.21%0.610.19
2020744.44%0.390.02
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.94+9.34%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.55%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.69+13.03%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.60+1.83%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.87+5.65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.61+0.98%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :