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Canstar Resources Commences Drilling on Its Flagship Mary March Project In the Buchans Area of Newfoundland/Labrador
Published : November 20, 2012
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Keywords :   Canada | Diamond | Market | Zinc |

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

Forward-Looking Statements

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.

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.

Canstar Resources Inc.
Harry J. Hodge, P. Eng.
Chairman
416-363-4376
416-367-1954 (FAX)
hjhodge@geocanex.com
or
Canstar Resources Inc.
Karen Willoughby
Manager, Corporate Affairs
1-866-936-6766
kwilloughby@canstarresources.com
www.canstarresources.com
Companies Mentionned : Aura Minerals | Buchans | Reliance | Xstrata |
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Canstar Resources Inc.

EXPLORATION STAGE
CODE : ROX.V
ISIN : CA1380811044
CUSIP : 138081 10 4
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Canstar Res. is an exploration gold 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$ 10.7 millions as of today (US$ 8.2 millions, € 7.4 millions).

Its stock quote reached its highest recent level on December 30, 2005 at CA$ 0.33, and its lowest recent point on July 31, 2015 at CA$ 0.03.

Canstar Res. has 89 159 714 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
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Nominations of Canstar Resources Inc.
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Project news of Canstar Resources Inc.
10/28/2014Canstar Intercepts 11.5 meters of zinc sulphide mineralizati...
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2/25/2013(Mary March)Announces Positive Results on the Mary March Base Metals Pro...
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12/3/2015Canstar Samples 2.0 g/t Gold over 18 meter Channel on its Ke...
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...
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