Canstar Resources Commences Geophysical Program at Mary March
February 10 2014 - 6:00AM
Marketwired
Canstar Resources Commences Geophysical Program at Mary March
TORONTO, ONTARIO--(Marketwired - Feb 10, 2014) - 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.
Canstar Resources Inc.Danniel J. Oosterman, P. Geo.President
& CEOdoosterman@canstarresources.comCanstar Resources Inc.Karen
WilloughbyDirector Corporate
Communications1-866-936-6766kwilloughby@canstarresources.comwww.canstarresources.com
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