Canstar Resources (ROX-V) June 25, '14 is pleased to announce the commencement of its summer
exploration program, beginning with a ground geophysical survey at its
Mary March Property near Buchans Junction, Newfoundland. Canstar will
be implementing a deep-penetrating induced polarization (or "IP")
geophysical survey in order to enable maximum depth visualization on
the property, with focus on the wide mineralization encountered near
the Nancy April Zone. This type of technology and depth penetration
represents the most detailed and comprehensive survey of its kind to
have ever been conducted on the property and utilizes state-of-the-art
geophysical methods. The results of this survey will be used for target
generation where any new targets will be drilled in the subsequent
drilling program also anticipated in the coming months.
2014 Induced Polarization Survey
In contrast to previous geophysical methods utilized on the Mary March
Property throughout its exploration history, the IP method is not
hindered by potential poor conductivities. It is now well established
that the prevalent mineralization at Mary March is very similar to that
of the former producing Buchans Mine, which is that of a zinc-rich
mineralization with poor electro-conductive properties; the Buchans
Mine was one of Canada's all-time highest grade VMS ore producing 16.2
million tonnes averaging 14.50% Zn, 7.56% Pb, 1.33% Cu, 126 grams per
tonne (g/t) Ag and 1.37 g/t Au between 1928 and 1984. By utilizing an
IP geophysical method, Canstar hopes to detect these otherwise
difficult-to-find mineralized areas where we understand there to be the
highest potential for mineralization based on geology and previous
drilling. The technology for IP geophysical methods has advanced in
the last decade such that detection capabilities are now common to
vertical depths in excess of 300 meters. Such advancements will greatly
enhance Canstar's capability in unraveling both the mineralization on
the Mary March Property and the structure that controls it.
2014 Drilling Program
Canstar Resources actively plans to conduct a diamond drilling program
on the Mary March Property. The Company has existing geological
targets based on 2013 drilling as well as a very high priority
geophysical target generated from the Borehole Electromagnetic surveys
("BHEM") conducted in winter of 2014. Drilling is anticipated to
commence shortly after the collection of data from the announced IP
survey, which will be incorporated into the generation and refining of
targets on the property. The Company will announce more details on the
program upon commencement.
2014 Kenora Gold Project
Canstar has commenced preliminary work on its recently optioned Kenora
Gold Project and plans to conduct a reconnaissance mapping and sampling
program in July of this year. This work will lead to the definition of
key areas of highest potential where more detailed exploration work
will be conducted. Work on the Kenora Gold Project will be ongoing
throughout the year and developments from this work will be announced
as they are compiled.
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
Contacts:
Danniel J. Oosterman, P. Geo.
President & CEO |
