Canstar Announces Additional Drill Results from the Golden Baie Project, Newfoundland NEAR-SURFACE INTERCEPTS OF 8.9 G/T AU OVER 4.0 M AND 9.7 G/T AU OVER 3.8 M
220 Bay Street TSX-V: ROX
Suite 550 OTCPK: CSRNF
Toronto, ON M5J 2W4 www.canstarresources.com
Canstar Announces Additional Drill Results from the Golden
Baie Project, Newfoundland
NEAR-SURFACE INTERCEPTS OF 8.9 G/T AU OVER 4.0 M AND 9.7 G/T AU OVER 3.8 M
Toronto, Ontario – October 20, 2021 – CANSTAR RESOURCES INC. (TSXV: ROX & OTCPK:
CSRNF) (“Canstar” or the “Company”) is pleased to announce assay results from six diamond
drill holes completed as part of the recently completed 5,734 meter 2021 drill program on the
Golden Baie project in south Newfoundland. Drill holes reported are from the recently discovered
Kendell prospect, located near the centre of the 62,175 hectare Golden Baie claim block.
Highlights from the new drill hole assays are provided in Table 1 with more detailed assay results
by interval provided in Table 2. These results confirm the continuation of shallow gold
mineralization, including visible gold, associated with quartz veins and disseminated sulphide
mineralization within metasedimentary rocks. Mineralization extends northwest from recent
trenches with apparent zone thicknesses ranging from 4 to 8 meters (Figure 1) . Gold
mineralization has been delineated over a down-dip length of approximately 50 meters based on
the drill assays reported to date (Figure 2). Assay results for an additional 28 drill holes at the
Kendell prospect are pending.
Table 1 - Highlight Assay Results from Reported Drill Holes
Drill Hole From (m) To (m) Thickness (m) Gold (g/t)
GB-21-03 14.00 18.00 4.00 8.92
including 17.00 18.00 1.00 17.78
GB-21-04 12.70 17.44 4.74 2.59
including 14.35 15.38 1.03 7.51
GB-21-05 16.72 20.48 3.76 9.66
GB-21-09 7.85 12.78 4.93 3.94
including 10.86 11.77 0.91 15.83
All intersections are downhole length as there is insufficient information to calculate true width. Reported
grades have not been capped.
Matt Lapointe, Vice President, Exploration, stated: “The latest drill results from the Kendell target
suggest good continuity of mineralization between drill holes . Gold mineralization is open along
strike in both directions as well as down-dip. We look forward to seeing more assay results from
Kendell and refining our understanding on the controls of mineralization as we continue to plan
follow-up drilling”
Discussion of Assay Results
Holes GB-21-03, GB-21-04, and GB-21-05 were drilled from the same pad towards the southeast
(Figure 1), approximately 33 meters northwest from the drill pad used for holes GB -21-01 and
GB-21-02 (announced August 19, 2021 ). Hole GB -21-03 was angled at 45 degrees and
intersected 8.92 g/t Au over 4.0 meters at a downhole depth of 14.0 meters.
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Holes GB-21-06 and GB-21-08 were drilled from the same pad, approximately 7 meters south of
the first drill pad, and oriented to the east. As indicated in Table 2, these drill holes intersected
1.0 to 1.5 meters of mineralization grading approximately 0.8 g/t Au.
Hole GB-21-09 was drilled between holes GB-21-01 and GB-21-03 and was angled at 45 degrees
towards the east. The hole intersected three separate mineralized intervals, ranging in thickness
from 2.8 to 3.9 meters, from a downhole depth of 7.85 meters down to 23.6 meters (Table 2). The
best interval assayed 3.94 g/t gold over 4.93 meters, including 15.83 g/t gold over 0.91 meters.
The Kendell prospect is hosted in strongly deformed marine siliciclastics of the Ordovician-aged
Isle Galet Formation . Gold mineralization is associated with a network of tightly folded quartz
veining with fine grained disseminations of pyrrhotite and acicular arsenopyrite and frequently
includes fine free gold (see an example of folded quartz vein with native gold in Figure 1 in the
news release dated July 6, 2021). The gold-bearing zone ranges in thickness from 4-8 meters
with the strongest mineralization focused in a 4 meter thick interval that strikes NE-SW and dips
gently to the NW. Gold mineralization appears to be concentrated in a structural hanging wall that
is defined by a 4-5 meter thick graphitic black shale unit that is interpreted to be subparallel to the
orientation of the mineralized zone (Figure 2).
Figure 1 - Plan view of Kendell Target showing collars of 2021 drill holes for which results have been
reported (8 of 36 holes drilled)
N
A
A’
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Figure 2 – Kendell Section A-A’ Showing Reported Drill Holes (looking northeast). Assay results are
pending for holes GB-21-53, GB-21-54 and GB-21-55.
Acknowledgements
Canstar wishes to acknowledge the financial support of the 2021 exploration program through the
Junior Exploration Assistance Program from the Department of Natural Resources, Government
of Newfoundland and Labrador.
QA/QC:
All NQ drill core samples were collected by company personnel and shipped to Eastern Analytical
of 403 Little Bay Road, Springdale, NL, a commercial laboratory that is ISO/IEC 17025 accredited
and completely independent of Canstar Resources Inc. Most samples were crushed to 10 mesh
(2000 μm) and the entirety of the sample then pulverized to 150 mesh (89 μm). Splits of the
pulverized samples are analyzed for gold using fire assay (30g) with AA finish and an ICP -34,
four acid digestion followed by ICP -OES analysis for 34 additional elements. Metallic screening
is being used for samples with visible gold and all samples with initial fire assays over 10 g/t. In
addition to Eastern Analytical's quality co ntrol program of standards, blanks and duplicates,
Canstar's QAQC program utilizes four commercially available reference standards, blanks and
duplicate samples to ensure data quality. In addition, duplicates of selected samples are being
sent to a second laboratory as check assays.
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Table 2 - Selected drill hole sample assays
Drill Hole From (m) To (m) Thickness (m) Gold (g/t)
GB-21-03 14.00 15.00 1.00 4.19
15.00 16.00 1.00 7.26
16.00 17.00 1.00 6.44
17.00 18.00 1.00 17.78
and 32.00 33.00 1.00 3.41
GB-21-04 12.70 13.44 0.74 0.50
13.44 14.35 0.91 0.88
14.35 15.38 1.03 7.51
15.38 15.50 0.12 0.24
15.50 16.45 0.95 2.93
16.45 17.44 0.99 0.58
and 35.30 36.20 0.90 0.78
36.20 37.18 0.98 1.04
GB-21-05 16.72 17.58 0.86 15.95
17.58 18.53 0.95 11.24
18.53 19.55 1.02 10.24
19.55 20.48 0.93 1.58
GB-21-06 14.16 15.70 1.54 0.84
GB-21-08 3.58 4.60 1.02 0.81
GB-21-09 7.85 8.85 1.00 1.15
8.85 9.88 1.03 2.04
9.88 10.86 0.98 1.54
10.86 11.77 0.91 15.83
11.77 12.78 1.01 0.25
and 14.80 15.84 1.04 0.77
15.84 16.86 1.02 1.59
16.86 17.86 1.00 0.55
and 20.78 21.73 0.95 1.24
21.73 22.67 0.94 1.49
22.67 23.60 0.93 0.48
Table 3 - Collar Data for Reported Drill Holes
Hole ID Location UTME UTMN Azimuth Dip Total Depth
GB-21-03 Kendell 596773.1 5297922.0 145 -45 116
GB-21-04 Kendell 596773.1 5297922.0 140 -65 61
GB-21-05 Kendell 596773.1 5297922.0 145 -88 73
GB-21-06 Kendell 596788.2 5297886.5 95 -45 100
GB-21-08 Kendell 596788.2 5297886.5 93 -85 52
GB-21-09 Kendell 596780.8 5297902.4 88 -45 52
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Qualified Person
Bob Patey, B.Sc. , P.Geo, Senior Geologist of Canstar, and a Qualified Person as defined by
National Instrument 43-101 - Standards of Disclosure for Mineral Projects, is responsible for the
scientific and technical data presented herein and has reviewed and approved this release.
About Canstar Resources Inc.
Canstar is focused on the discovery and development of economic mineral deposits in
Newfoundland and Labrador, Canada. Canstar has an option to acquire a 100% interest in the
Golden Baie Project, a large claim package (62,175 hectares) with recently discovered, multiple
outcropping gold occurrences on a major structural trend in south Newfoundland. The Company
also holds the Buchans -Mary March pro ject and other mineral exploration properties in
Newfoundland. Canstar Resources is based in Toronto, Canada, and is listed on the TSX Venture
Exchange under the symbol ROX and trades on the OTCPK under the symbol CSRNF.
For further information, please contact:
Rob Bruggeman, President & CEO
Email: [email protected]
Phone: 1-647-247-8715
Website: www.canstarresources.com
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the forward-looking information in this news release are reasonable, undue reliance should not be placed on such
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