ASTAR stakes “Q” Project in BC
ASTAR MINERALS LTD.
ASTAR stakes “Q” Project in BC
Vancouver, Canada – September 10, 2014 – Stephen Stanley, CEO and President of ASTAR Minerals Ltd. (TSX-V: TAR) (the “Company” or “ASTAR”) is pleased to announce that the Company has staked the “Q” Project consisting of 850 hectares located in the Skeena Mining Division in Northern BC. The Company owns a 100% interest in the “Q Project”.
The “Q” Project, originally called the “Golden Jade Showing” and later referred to as the “Qzone”, sits within the historical Quill claim Group. Summaries of previous exploration in the general region and on parts covered by the present “Q” project can be found in reports by Britton and others (1990), Curtis and others (1991), Adams (1995), St James (1998) and St James (2000).
The Golden Jade showing was discovered in 1990 by Pamicon Developments Inc., Pamicon located float blocks of quartz with weak to massive pyrite and chalcopyrite, and 4 assayed samples contained from 0.286 to 1.312 oz/t Au, 0.03 to 1.08 oz/t Ag and 1.83 to 6.47% Cu. The source was not found, but was thought to be nearby because of the angularity of the blocks.
In 1995, A. St James prospected the Golden Jade area and collected 4 float samples that contained from 0.605 to 1.868 oz/t Au, 0.15 to 1.34 oz/t Ag, and 0.02 to 6.33 % Cu (St.James (l995); Adams (1995)). The area where the float was most common was renamed the “Q-zone”, but as with Pamicon, no in-situ source was found.
In 1998, Adams (1999) set out a grid over an area of about 500 by 1000 m covering part of the Quill claim, and carried out mag and VLF-EM surveys, and geological mapping and prospecting on the grid area (Adams,l999). Adams found further mineralized quartz float in the Q-Zone, 2 assayed samples giving 65 ppb and 102.0 g/t Au, 36.5 and 425 g/t Ag, 0.39 and 5.32% Cu, and one of the samples also contained 2.0% Pb and 3.0% Zn. Again no source was found, but snow-cover hindered the search for in-situ sources uphill.
In August of 1998, when more snow had melted from the gridded area surveyed and mapped by Adams, the property was briefly examined by MS. Vaskovic for Homestake Canada Inc. A total of 18 analyses were done by Homestake, including some on samples of float from the Q-zone, and also from 2 small quartz veins found up-slope from the float area. One sample of quartz float from the Q-Zone contained 30.0l g/t Au and 7.2 g/t Ag, and grab samples of the 2 newly discovered veins yielded 34.12g/t Au and 24.91 g/t Au, and 3.0 and 18.4 g/t Ag respectively. These gold-bearing quartz veins consist of quartz with variable pyrite and chalcopyrite, and are essentially similar to the gold-bearing pyrite-chalcopyrite quartz float found downslope in the Q-Zone.
In an initial visit to the property by Petra Resources Corp staff on July 16 (1999) to determine if snow conditions might allow drilling to start, one of the 2 veins found by Homestake Canada (Map 1, about 617E 168N) was relocated and sampled. The attitude of this vein is 120/90 to 120/85 N, more or less parallel to a number of shears in hornfelsed green sediments near the contact with a diorite pluton. Drilling was therefore planned towards azimuth 210, approximately perpendicular to the trend of this gold-bearing vein, the shears, and the diorite contact in order to explore the 40 to 60m wide zone thought to have the greatest potential to contain a persistent gold-bearing structure.
Seven holes were drilled from 3 sites, totaling 394.85 m (see fig. 3). Initial holes 1 and 2 were drilled between two gold-bearing quartz veins found by Homestake, sample 14193 with 34l g/t Au, and 14195 with 24.9 g/t Au (still snow-covered in early August of 1999). Hole 3 was originally planned to be drilled toward 210 from a site about 50 m further uphill (about 680E 240N) than holes 1 and 2. This was abandoned for logistical and geological reasons, however, and the area hole 3 was intended to explore was reached by redirecting the drill to 170 from site 1, Holes 4 and 5, from site 2 at 541 E 169N, were abandoned due to the inability of the light-weight drill to penetrate hard, sheared and broken sediments. The drill was therefore relocated to site 3 for holes 6 and 7. A possible drill site at 475E 175N further down the valley had been selected in case encouraging results were obtained, but was never occupied.
Over the last 15-years, the receding of glaciers in the area have opened up many new areas that that have been completely untested. ASTAR believes that with the melt back of the ice fields, better logistics, advance drilling technology and new applied science that there is a strong opportunity to find the source of the numerous high-grade samples that have been reported on the property.
The Company announces that is has terminated its option on the Forest project, British Columbia, due to inconclusive results from the initial exploration program. The Company spent over $300,000 in exploration on the Forrest Project.
Tim Barry, MAusIMM CP qualified person under National Instrument 43-101 – “Standards of disclosure for mineral projects”, who has an arm's-length relationship with the Company, has read and approved the scientific and technical disclosure in this news release, and consents to the public filing of this news release.
About ASTAR:
ASTAR Minerals Ltd. is an exploration company focused on the acquisition and exploration of strategic properties in North America.
For further information please contact:
Stephen Stanley President and CEO Astar Minerals Ltd.
Telephone: (604) 684-7550
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