Canstar Resources Commences Geophysical Program at Mary March
10 February 2014 - 10:00PM
Marketwired Canada
Canstar Resources (Canstar) (TSX VENTURE:ROX) is pleased to announce the
commencement of a borehole electromagnetic survey ("BHEM") at its Joint Ventured
Mary March Project, located near Buchans Junction, Newfoundland. The survey will
test for the continuation of the massive sulphide mineralization and thick
stockwork mineralized zone encountered in its fall 2013 drilling program (see
Company's press release dated January 21st, 2014).
Danniel Oosterman, President and CEO, remarks "With the completion of a
successful drilling program that intercepted different styles and widths of
mineralization, there is now a strong indication from the geology that we are
proximal to the volcanic centre where one would expect these types of deposits
to form. An off-hole anomaly from this survey would support this hypothesis and
generate excellent targets for future drilling programs."
The drillholes that will be surveyed cover the two primary areas of the project,
Nancy April and Mary March, which have returned significant mineralization and
strong indications of a sizeable, long-lived, hydrothermal system. The fall 2013
drilling program successfully proved that both the Mary March mineralization and
the Nancy April mineralization extend at least in one direction, with a
possibility for further extension in a number of directions.
The design of the survey, which involves loop-wire configurations through which
an electric current is charged, has been tailored to suit massive sulphide and
stockwork mineralization of this type. Geophysical anomalies in these areas
would represent very high priority targets for future exploration on the
property.
Danniel Oosterman, P.Geo, is President and Chief Executive Officer and is a
Qualified Person as defined by NI43-101 and is responsible for the technical
information in this release.
On behalf of the Board of Directors,
Danniel J. Oosterman, P.Geo President & CEO
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Canstar Resources Inc.
Danniel J. Oosterman, P. Geo.
President & CEO
doosterman@canstarresources.com
Canstar Resources Inc.
Karen Willoughby
Director Corporate Communications
1-866-936-6766
kwilloughby@canstarresources.com
www.canstarresources.com
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