NEWS
RELEASE
July 19, 2007
Uranium
Star Discovers Significant Intersection of 22.7g/t Gold (Au) over 4.5 meters
at
the Sagar Property in Northern Quebec
Gold Discovery Within
Bedrock
On July 16, 2007 Uranium Star
Corp. (OTCBB:URST)(FRANKFURT:YE5) intersected 4.5 meters (14.76 feet)
averaging 22.7g/t Gold (Au) including 31.5 g/t
(9.86 feet) over 3 meters within bedrock in one reverse circulation
(RC) hole drilled in the highly prospective target area described in the
Uranium Star press release dated July 5, 2007. This bedrock consists of
strongly hematitic, kaolinite and calcite cemented fine grained
arkosic sandstone.
The above results were
retested using the XRF on a different portion of the sample material and
analogous results confirmed the initial tests. It should be noted that the
analytical values for gold come from the onsite InnovXsystems-X50 XRF that is
used to analyze all soil and RC samples. Sample results will be verified by ALS
Chemex using fire assay gold determinations. To date there are no commercial
lab results to directly compare to
the XRF units results and
some variability in gold values may occur.
The RC hole was drilled
vertically and additional drilling will be required to determine the true width
of the mineralized material mentioned above.
Structure Found
Prospecting of this target
area has identified a structure in outcrop containing abundant stacked,
essentially northeast trending, albite veins. Albite is the principal
alteration mineral in the Mistamisk boulders that contain both uranium and
gold. This or similar structures would appear to also pass through the Eagle
Showing area on the east side of the horst where Uranium Star found numerous
uraniferous boulders in 2006. One of Inmet’s 1998 drill holes located to
the NNE of the Eagle Showing intersected 1.83 meters grading 0.12% uranium and
2.3g/t Au. It is interpreted that the Eagle Showing area, the Inmet drill
mineralization and the newly found mineralization may all be related to the
same structural regime.
F. William Nielsen, P. Geo.
& Director commented.” This is the best mineralized hole drilled on
the Sagar property to date and the Company is optimistic that additional
mineralized zones will be discovered and defined as our understanding of the
geology and structures increases. The camp operation at Sagar is performing
exceptionally well and the quick turn around of our drilling results on site
enable our exploration team to adjust
and focus very quickly.
”
Ongoing Exploration
Exploration activities are
ongoing at the Sagar Property and the rapid results from the mobile analyzer
allows for timely refining of the drilling targets. The RC drill continues to
drill in this exciting target area and the diamond drill will be moved to the
area shortly.
There are currently 7
priority target areas that will be either RC drilled and/or diamond drilled
over the next few months in an effort to find the source of the Mistamisk
boulders.
Kirk McKinnon, President and
CEO of Uranium Star, commented that “These encouraging, though early,
results reinforce our conviction that thorough exploration of the Sagar will
yield exciting results.”
ABOUT THE COMPANY
Uranium Star Corp. is a
rapidly emerging uranium exploration company with assets in Northern Quebec and
Arizona. Its shares are traded on the OTCBB under the symbol URST, as well as
the Frankfurt Exchange under the symbol YE5. The Company continues to focus on
high priority property acquisition and exploration in order to underpin and
augment the company’s current property holdings.
QUALIFIED PERSON
Craig Scherba, PGeo, is the
qualified person on the project and supervised the preparation of the technical
information in this release.
Except for historical
information contained herein, the matters discussed in this press release are
forward-looking statements that involve risks and uncertainties, including but
not limited to economic, competitive, governmental and technological factors
effecting the Company's operations, markets, products and prices and other
factors discussed in the Company's various filings with the Securities and
Exchange Commission.
CONTACT INFORMATION
Uranium Star Corp.
Kirk McKinnon
President and CEO
(416) 364-4986 or
1-800-818-5442
or
Uranium Star Corp.
Richard Schler
Vice President and CFO
(416) 364-4986 or
1-800-818-5442
Website: www.uraniumstar.com