Polar Star Accelerates Montezuma Drilling Program
February 10 2009 - 11:31AM
Marketwired
Polar Star Mining Corporation (TSX VENTURE: PSR) ("Polar Star" or
the "Company") is pleased to announce that after a highly
successful first phase Induced Polarisation ("IP") program at the
Company's flagship Montezuma property (previously announced on
January 12, 2009), Major Drilling Chile S.A., who currently has a
highly experienced crew in the area, has been engaged to mobilize
the first drill rig to site. Drilling is expected to start in
approximately 2 weeks. The initial program will be 4,000 metres and
will be completed 6 to 8 weeks from its start date.
In addition, Quantec Geoscience has been engaged to complete an
additional 50 line kilometres of IP in the areas that gave the best
geophysical response on the first phase of the IP program. The
preparation of the lines for this program have begun.
About Montezuma
The Montezuma property is located on the prolific "West Fault
System" in Region II, northern Chile, and in an area that hosts
some of the world's largest copper mines, including CODELCO's
Chuquicamata which has been in continuous operation since 1903.
Polar Star discovered a massive IP anomaly on the property and
is excited about advancing the exploration program.
"The property has the potential to host a porphyry copper
deposit similar to 'Chuqui', and we are pleased that the next phase
of work on the property can begin immediately. In light of the
positive results received from Quantec, the Board views this
project as the Company's top priority and is excited that we are
moving ahead quickly with the next phase of exploration." said
Stephen Roman, Executive Chairman of Polar Star.
About Polar Star
Polar Star was created to acquire advanced stage exploration
properties focusing on gold, copper and uranium. The Corporation's
material assets include 20 projects in Chile which are 100% owned
covering approximately 146,112 hectares.
Share Capitalization:
Shares Outstanding: 39,241,098 as at February 9, 2009.
Forward-Looking Statements
This press release contains forward-looking statements based on
assumptions, uncertainties and management's best estimates of
future events. Actual events or results could differ materially
from the Company's expectations and projections. Investors are
cautioned that forward-looking statements involve risks and
uncertainties. Accordingly, readers should not place undue reliance
on forward-looking statements. When used herein, words such as
"anticipate", "will", "intend" and similar expressions are intended
to identify forward-looking statements. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements, refer to Polar Star Mining
Corporation's filings with Canadian securities regulators available
on www.sedar.com or the Company's website at
www.polarstarmining.com.
The Toronto Stock Exchange Venture has not reviewed and does not
accept responsibility for the adequacy or accuracy of this release
and the information contained herein.
Contacts: Polar Star Mining Corporation Adam Rochacewich Interim
President and Chief Financial Officer (416) 368-3496 Email:
info@polarstarmining.com Website: www.polarstarmining.com
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