Canstar Intersects 11.8 g/t Gold over 5.7 Metres at Kendell, Commences Winter Drill Program
220 Bay Street TSX-V: ROX
Suite 550 OTCPK: CSRNF
Toronto, ON M5J 2W4 www.canstarresources.com
Canstar Intersects 11.8 g/t Gold over 5.7 Metres at Kendell,
Commences Winter Drill Program
Toronto, Ontario – February 8, 2022 – CANSTAR RESOURCES INC. (TSXV: ROX & OTCPK:
CSRNF) (“Canstar” or the “Company”) is pleased to announce additional assay results from 2021
drilling and channel sampl ing from the Kendell prospect at its Golden Baie project in south
Newfoundland. The Company also announces that a winter diamond drill program has commenced
at the Kendell prospect. This program is expected to include up to 35 new drill holes which total
approximately 2,000 metres and reflect the shallow nature of the mineralization.
Drilling highlights from the final 2021 drill hole assays at the Kendell prospect are provided in Table 1
and include some of the highest-grade intervals to date from this prospect . In addition, gold
mineralization was extended by approximately 50 metres down-dip. Notable intervals and higher
grade intercepts include:
• 11.8 g/t gold over 5.69 metres in drill hole GB-21-50
• 45.7 g/t gold over 1.07 metres near surface in drill hole GB-21-20
• 11.7 g/t gold over 3.00 metres including 249.7 g/t gold over 0.09 metres in drill hole GB-21-51
Selected detailed drill hole assay results and collar data are provided in Tables 3 and 4, respectively.
All assays from drill hole and channel samples from Kendell have now been received and reported.
Additional infill sampling of selected 2021 drill core is now being done to ensure that all core from the
interpreted zone of mineralization has been assayed.
Table 1 - Highlight assay results from Kendell reported drill holes
Drill Hole From (m) To (m) Length (m) Gold (g/t)
GB-21-18 2.28 5.60 3.32 4.9
including 2.77 3.40 0.63 19.1
GB-21-19 3.35 4.57 1.22 5.2
GB-21-20 2.00 4.10 2.10 24.3
including 2.00 3.07 1.07 45.7
GB-21-22 2.95 4.95 2.00 9.5
GB-21-50 21.89 27.58 5.69 11.8
GB-21-51 10.32 13.32 3.00 11.7
including 11.14 11.23 0.09 249.7
GB-21-53 29.63 33.56 3.93 12.2
including 30.82 31.45 0.63 58.3
Notes:
1. All intersections are downhole length as there is insufficient information to calculate true width.
2. Reported grades have not been capped.
Matthieu Lapointe, VP Exploration of Canstar, commented: “ We continue to be encouraged by the
shallow, high-grade gold intercepts at the Kendell prospect. Gold mineralization has been observed
in a 50 by 100 metre footprint that remains open along strike and down -dip/plunge. With less than
3,000 metres drilled to date , and limited drill ing below 150 metres vertically, there is remarkable
potential to expand the mineralization. Given the results announced today, w e are excited to
commence a winter drill program to further improve our understanding of the controls on gold
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mineralization and to better define and extend the high-grade gold mineralization identified from the
2021 drilling.”
Additional channel samples from the Kendell prospect trench were also collected in the summer of
2021. The highlights of the channel samples are provided in Table 2 and are interpreted as the
surface expression of the gold mineralization intercepted by the drill holes.
Table 2. Highlight assay results from Kendell channel sampling
Channel Composite
M 10.4 g/t Au over 7.9m
L 9.4 g/t Au over 6.9m
Discussion of Assay Results
Drill holes GB-21-17 to GB-21-19 were drilled from the same platform to test the area below Channel
F from the Kendell TGB-20-01 trench, which returned 2.9 g/t gold over 11.0 metres, including 6.2 g/t
gold over 5.0 metres (announced November 30, 2020). S ee the plan map in Figure 1 and vertical
section in Figure 2. Drill holes GB-21-18 and GB -21-19 intersected gold mineralization associated
with quartz veining and acicular arsenopyrite starting from a depth of two to three metres down hole.
Drill hole GB-21-17 was not sampled at the projected depth of the mineralization and this interval is
now being sampled as part of the infill sampling program.
Figure 1 - Plan view of Kendell Target showing collars of 2021 drill holes (36 holes drilled, 2,620 metres total)
Drill holes GB-21-20 to GB-21-22 were drilled from the same platform to test the area below Channel
G in trench TGB-20-01, which yielded an average grade of 4.7 g/t gold over 6.7 metres, including 10.2
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g/t gold over 3.0 metres (see Figures 1 and 3). Drill holes GB-21-20 and GB-21-21 intersected 2.0
metre intervals of 24.3 g/t gold and 9.5 g/t gold, respectively. Coarse gold is generally associated with
quartz veining and acicular arsenopyrite.
Figure 2 – Kendell Section A-A’ Showing newly reported drill hole assays (looking northeast). Mineralization is
open to depth (down-dip) and along strike to the NE and SW.
Drill holes GB-21-50 to GB-21-55 were drilled from two platforms, with three holes per platform, and
were designed to test the area 20 to 50 metres down-dip of the mineralization intersected in drill holes
GB-21-01 to GB-21-13 (see vertical section in Figure 4). It is interpreted that these drill holes have
intersected two mineralized zones, an upper zone approximately one to three metres in length and a
lower zone which ranges from three to six metres in length. Both zones are associated with quartz
veining and arsenopyrite plus antimony-bearing minerals that are hosted in deformed black shales .
The intersection lengths and mineralization styles are comparable to those noted up-dip and the zones
appear to form a continuous horizon.
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Figure 3 – Kendell Section B-B’ Showing newly reported drill hole assays (looking northeast). Mineralization is
open to depth (down-dip) and along strike to the NE and SW.
Figure 4 – Kendell Section C-C’ Showing highlights of newly reported assays (looking northeast).
Mineralization is open to depth (down-dip) and along strike to the NE and SW
N
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Winter Drill Program
Gold mineralization at Kendell was delineated over a down -dip length of approximately 100 metres
and a strike length of 50 metres based on assays from 36 drill holes in the 2021 drill program (Figure
5). Mineralized intercepts ranged from one metre to 11 metres in length and are spatially associated
with metasedimentary rocks within the interpreted hanging wall of a fault zone that is defined by a four
metre to 10 metre thick strongly sheared unit of dark grey to black graphitic shale.
Gold mineralization remains open along strike and down-dip/plunge at the Kendell prospect, as shown
in Figure 5. A winter diamond drill program has now commenced to test the continuity of the shallow-
dipping gold mineralization along strike, down-dip, and down-plunge. The Company anticipates that
the drill program will consist of approximately 2,000 metres in up to 35 drill holes.
Figure 5 - Kendell Plan Map Showing Mineralized Intercepts and Areas to be Drill Tested
Acknowledgements
Canstar wishes to acknowledge the financial support of the 2021 exploration program through the
Junior Exploration Assistance Program from the Department of N atural Resources, Government of
Newfoundland and Labrador.
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QA/QC:
All rock 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. 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 1.0 g/t Au. In addition to Eastern Analytical’s quality control 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, duplic ates of selected samples are being
sent to a second laboratory as check assays.
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 district-scale gold exploration in Newfoundland, Canada. Canstar has a 100%
interest in the Golden Baie and Hermitage projects, large claim packages at the south end south-
central Newfou ndland covering 77 ,350 hectares or 774 km 2 with multiple outcropping gold
occurrences on a major structural trend. The Company also holds the Buchans -Mary March project
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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Table 3 - Selected drill hole sample assays
Hole ID From (m) To (m) Length (m) Au (ppb)
GB-21-07 2.33 3.45 1.12 13
GB-21-07 3.45 4.4 0.95 84
GB-21-07 4.4 5.42 1.02 158
GB-21-07 5.42 6.22 0.8 532
GB-21-07 6.22 7.29 1.07 46
GB-21-07 7.29 7.67 0.38 8
GB-21-16 NSR
GB-21-17 NSR
GB-21-18 1.4 2.28 0.88 69
GB-21-18 2.28 2.77 0.49 954
GB-21-18 2.77 3.4 0.63 19089
GB-21-18 3.4 4.15 0.75 4237
GB-21-18 4.15 5.6 1.45 267
GB-21-18 5.6 6.6 1 371
GB-21-18 51 52 1 6
GB-21-19 1.15 2.35 1.2 76
GB-21-19 2.35 3.35 1 45
GB-21-19 3.35 4.57 1.22 5220
GB-21-19 4.57 5.58 1.01 371
GB-21-19 5.58 6.5 0.92 718
GB-21-19 6.5 7.5 1 128
GB-21-19 7.5 8.6 1.1 28
GB-21-19 27.3 28.38 1.08 19
GB-21-20 1 2 1 271
GB-21-20 2 3.07 1.07 45682
GB-21-20 3.07 4.1 1.03 2050
GB-21-20 4.1 5.04 0.94 231
GB-21-20 5.04 6.08 1.04 10
GB-21-20 6.08 7.08 1 2.5
GB-21-21 1 1.8 0.8 195
GB-21-21 1.8 2.95 1.15 350
GB-21-21 2.95 4.03 1.08 11214
GB-21-21 4.03 4.95 0.92 7512
GB-21-21 4.95 5.95 1 488
GB-21-21 5.95 6.8 0.85 37
GB-21-21 6.8 7.8 1 34
GB-21-22 NSR
GB-21-49 19.11 20.3 1.19 7
GB-21-49 20.3 20.8 0.5 30
GB-21-49 20.8 21.33 0.53 67
GB-21-49 21.33 22 0.67 2639
GB-21-50 8.37 9.31 0.94 5
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Hole ID From (m) To (m) Length (m) Au (ppb)
GB-21-50 9.31 10.02 0.71 6
GB-21-50 10.02 10.88 0.86 4463
GB-21-50 10.88 11.9 1.02 1326
GB-21-50 11.9 12.87 0.97 382
GB-21-50 12.87 13.85 0.98 186
GB-21-50 13.85 14.85 1 89
GB-21-50 14.85 15.87 1.02 12
GB-21-50 15.87 16.87 1 25
GB-21-50 16.87 17.72 0.85 20
GB-21-50 17.72 18.74 1.02 11
GB-21-50 18.74 19.2 0.46 30
GB-21-50 19.2 19.95 0.75 43
GB-21-50 19.95 20.9 0.95 1143
GB-21-50 20.9 21.89 0.99 414
GB-21-50 21.89 22.46 0.57 2332
GB-21-50 22.46 22.95 0.49 12507
GB-21-50 22.95 23.68 0.73 1161
GB-21-50 23.68 24.62 0.94 21427
GB-21-50 24.62 25.26 0.64 14303
GB-21-50 25.26 26.26 1 20201
GB-21-50 26.26 27.17 0.91 6164
GB-21-50 27.17 27.58 0.41 5661
GB-21-50 27.58 28.22 0.64 343
GB-21-50 28.22 28.73 0.51 68
GB-21-50 28.73 29.72 0.99 62
GB-21-50 29.72 30.46 0.74 35
GB-21-50 30.46 31.2 0.74 2.5
GB-21-50 31.2 31.88 0.68 9
GB-21-50 31.88 32.5 0.62 1361
GB-21-50 32.5 33.22 0.72 1246
GB-21-50 33.22 33.45 0.23 10
GB-21-50 33.45 33.5 0.05 5
GB-21-51 7.88 8.96 1.08 47
GB-21-51 8.96 9.82 0.86 45
GB-21-51 9.82 10.32 0.5 33
GB-21-51 10.32 11.14 0.82 8086
GB-21-51 11.14 11.23 0.09 249744
GB-21-51 11.23 12.29 1.06 4815
GB-21-51 12.29 13.32 1.03 773
GB-21-51 13.32 14.47 1.15 378
GB-21-51 14.47 15.1 0.63 71
GB-21-51 20.19 20.89 0.7 27
GB-21-51 20.89 21.6 0.71 99