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TORONTO, ONTARIO--(Marketwire - Nov. 20, 2012) - The directors of Canstar Resources Inc. (Canstar) (News - Market indicators) are pleased to report that Diamond drilling has commenced on the Mary March property in the Buchans area of Newfoundland and Labrador.
This property is held via a 50/50% joint venture between Canstar and Xstrata Zinc Canada. Canstar is the operator.
This first phase of exploration, to be completed before year end, will consist of eight holes designed to test the Mary March and Nancy April sulphide zones.
The program is being managed by Mr. Barry Greene, Exploration Manager for Canstar.
Significant assays will be reported as they are received.
On behalf of the Board of Directors
Harry J. Hodge, P.Eng, Chairman
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.