Canstar Resources Announces Completion of Phase I Drilling
Canstar Resources Announces Completion of Phase I
Drilling
Toronto, Ontario--(Newsfile Corp. - March 18, 2019) - CANSTAR RESOURCES INC. (TSXV: ROX) (OTCQB:CSRNF)
("Canstar" or "the Company") is pleased to provide results from its recently completed Phase I exploration program at the Mary
March Joint Venture where Canstar is the operator and majority (56%) partner with Glencore (44%).
Phase I Drilling and downhole EM at Buchans-Mary March
Phase I consisted of 1,901 metres of drilling in five drill holes as outlined in Figure 1 (note Hole MM-19-39 and MM-19-40 were
collared at the same location) as well as downhole EM surveys on three of the five drill holes. As disclosed in Canstar's News
Release dated December 13, 2018, the goal of Phase I was to test the mineralized horizon at the top of the extensively altered
Mary March panel and included a deep hole (MM-19-36) measuring 538.8 metres testing underneath historical drill hole MM-
294-7 as well as testing the Mary March horizon to the southwest which has seen little historic drilling. Notable intercepts include:
Drillhole
From
To
Interval (m)
Zn %
Cu %
Pb %
Ag g/t
Au g/t
MM-19-36
108.1
108.2
0.1
0.01
1.84
0.05
42
0.209
462
763
1
0.72
0.04
0.003
2.0
0.899
MM-19-37
7.0
13.0
6.0
0.52
0.02
0.05
1.1
0.043
Including
9.0
10.0
1.0
2.01
0.07
0.03
1.5
0.041
38.3
44.4
6.1
0.56
0.09
0.07
1.1
0.030
Including
41.3
42.3
1.0
1.94
0.06
0.06
2.5
0.058
MM-19-38
60.3
61.8
1.5
0.72
0.10
0.002
0.6
0.014
130.1
130.4
0.3
0.59
0.21
2.19
8.2
0.016
Canstar will follow up its initial drill program with a ground based regional lithogeochemical program, mapping and prospecting,
coupled with core review and a structural re-interpretation, to refine future drill targets, in what Canstar believes is a target rich
environment, on a significant land package that has received little sustained attention in over twenty years.
Bob Patey, VP Exploration commented: "The winter drill program provided valuable information on structure and alteration in the
Mary March area which will help target the next phase of exploration. Strongly altered felsic rocks of the Mary March Panel were
encountered in drill holes MM-19-36, 37, 38, and 40. Drill holes MM-19-37 and MM-19-38 also sampled low grade
mineralization in the Nancy April footwall which is also a target for future exploration."
"Mary March represents a significant fault bounded high grade massive sulphide intersection within a setting where the style,
size and strength of the mineralization and alteration are commensurate with the potential to host a significant VMS deposit."
stated Kerry Sparkes, Technical Advisor to Canstar.
Figure 1 - Phase 1 Drill Hole locations at Mary March
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1665/43457_f373eb1824312903_001full.jpg
Quality Assurance and Quality Control
All assay samples have been monitored through a quality control and quality assurance program. Logging and sampling were
done at a secure facility in Millertown. Core selected for sampling was sawn in half with half, tagged and securely packaged for
shipment to the laboratory. Quality control standard and blank samples were inserted periodically making up 10% of the samples
submitted. All assay work was done by Eastern Analytical in Springdale, Newfoundland and Labrador, using an aqua regia
digestion with atomic absorption finish method. Samples exceeding the detection limit were subjected to an ore grade assay
utilizing a multi-acid digestion and an atomic absorption finish for which the laboratory is ISO 17025 certified.
Gold was assayed
by fire assay with an atomic absorption finish for which the laboratory is ISO 17025 certified.
On behalf of the Board,
Christos Doulis,
President & CEO
QAQC
Qualified Person
Bob Patey, B.Sc. / P. Geo, Vice President Exploration 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
Canstar Resources is a Canadian mineral exploration and development company, with the objective to discover and develop
economic mineral deposits in North America. Currently, Canstar's focus is to advance its flagship Mary March project and other
mineral exploration properties in Newfoundland and Labrador. Canstar is based in Toronto, Canada and is listed on the TSX
Venture Exchange and trades under the symbol ROX-V, and on the OTCQB Exchange under the symbol CSRNF.
For further information, please contact:
Christos Doulis,
President & CEO
Tel:
647-557-3442
Email:
www.canstarresources.com
Forward-looking Statement
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" which are not comprised of historical facts. 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.
Although these statements are based on information currently available to the Company, the Company provides no assurance
that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking
information could cause actual events, results, performance, prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not
limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the
estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and
estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information
include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the
inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test
results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks,
inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and
costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in
commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the
other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public
documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-
looking information in this news release are reasonable, undue reliance should not be placed on such information, which only
applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time
frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether
as a result of new information, future events or otherwise, other than as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/43457