Canstar Commences First Phase of Field Work on Kenora Gold Project
TORONTO, ONTARIO--(Marketwired - May 6, 2015) - Canstar Resources Inc. (TSX VENTURE:ROX) (the "Company") is pleased to announce the commencement of the 2015 exploration program on its Kenora Gold Project in northwestern Ontario. Exploration programs will follow-up on key results from work completed in 2014. In addition, the 2015 season will be used to evaluate a number of historic gold showings that have yet to be investigated.
A number of key geological features were identified from the work completed in 2014, which require further investigation. These include:
- High-grade grab samples distributed over various locations on the property: 108 samples were taken in the summer of 2014 over several locations within the Company's optioned claims. The location of these samples plot in areas of favourable geology that could act as sites for gold deposition. Further investigation along these contacts is warranted.
- Eighteen of these High-grade rock samples were taken along an observed structural trend which could be traced over 1.2 kilometers. The eighteen samples taken along this trend ranged from 0.2 to 23 g/t, averaging 4.5 g/t
- A soil sampling survey completed in Fall of 2014 returned encouraging results, delineating a number of trends slated for ground follow-up in 2015.
Based on this work Canstar has expanded its ground position in the area by staking an additional 201 claim units adding 3,216 hectares of ground to the project, more than doubling the total project area to 6,128 hectares. This phase of work will evaluate a number of historic showings on the property, assess other possible areas for staking, and investigate a number of anomalous trends delineated from the 2014 soil survey. Results from this work will be reported upon completion of each phase.
Danniel Oosterman, Canstar's President and CEO states, "We are very excited to follow up on our outstanding results from 2014. With the additional land package now consolidating, and strengthening, our position in this underexplored belt, we intend to continue advancing the project and start prioritizing targets toward a drill-ready stage."
About Canstar Resources:
The company holds two core assets, the Kenora Gold Project in northwestern Ontario and the Mary March Project, located in central Newfoundland, both of which represent exciting, early-stage exploration projects with significant potential. The Company plans to complete exploration programs on both properties in 2015.
Mr. Danniel Oosterman, P.Geo., the President and CEO of the Company, is a "Qualified Person" under National Instrument 43-101 and has reviewed the technical disclosure in this press release.
On behalf of myself and 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.
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
