Canstar Resources Intersects 1.1 g/t Gold Over 11.2 meters on Kenora Gold Project
canstar resources inc.
56 Temperance St. TSX-V: ROX
Suite 1000 www.canstarresources.com
Toronto, ON M5H 3V5
Tel: 647-557-3442 Fax: 647-557-3448
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NEWS RELEASE November 15, 2017
Canstar Resources Intersects 1.1 g/t Gold Over 11.2 meters on Kenora Gold Project
Toronto, November 15, 2017 – Canstar Resources Inc. (TSX -V: ROX) (“Canstar” or the
“Company”) is pleased to provide results from its 100% -owned Kenora Gold project
located near Kenora Ontario. The program was designed to test a number of induced
polarization (“IP”) targets on the prop erty as well as the mineralized extent of the Ace
discovery on the Aviator structural trend. Highlights of the drill results include:
1.1 g/t gold over 11.2 meters in hole KG17 -11 within a greater zone 14.7 meters
0.9 g/t gold
0.9 g/t gold over 4.5 meters in hole KG17-15
Results are from eleven (11) holes, totaling 1,526 metres, drilled along the Aviator Gold
Trend. This program was designed to test:
1. The Company’s Ace Showing which has demonstrated channel samples of 3.1 g/t
over 29.3 meters in 2015 (see press release dated December 3, 2015)
2. Numerous IP targets predominantly to the south portion of the Aviator Trend
3. A newly discovered zone during the Winter 2017 (“W17”) drilling program
wherein the Company intercepted sub -g/t mineralization of 0.7 g/t over 7
meters approximately 140 meters to the northeast of the Ace Showing (see press
release dated March 15, 2017). This was to be tested at depth.
KG 17-11 was testing the newly discovered zone at depth, where it intercepted the 11.2
meter zone of 1.1 g/t wit hin a 14.7 meter zone of 0.9 g/t gold, all of which occurs in low
grade envelope of 0.6 g/t over 24.3 meters. KG17 -15, which drilled 0.9 g/t over 4.5
meters, was drilled over the Ace Showing and represents the best results from the Ace
Showing.
Drill holes testing the IP targets were successful in explaining the IP anomalies, which
were represented by sulphide -bearing sedimentary rocks in the area. Although
extensive, the mineralization returned only anomalous gold values.
Geologically, a key feature is notable within these results. The highlighted intercept of
1.1 g/t over 11.2 meters occurs downdip of the new zone discovered from the Winter
2017 drilling and represents and increase in grade at depth. Most interestingly this
mineralization is associate d with a quartz -diorite dike that has intruded the volcano -
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sedimentary package that runs parallel to the Aviator Trend. This was noted in the
Winter 2017 drilling, and provided a geological target for this most recent round of
drilling. This dike can be tr aced for several kilometers along the property. Results from
the Ace, to date, indicate that the mineralization is typically near-surface.
Selected assay results are tabulated below:
Hole ID From To Length Au (g/t)
Host
Rock Target
KG17-09 40.5 42.1 1.6 0.7 Dio W17
KG17-10 74.9 75.4 0.5 1.1 Dio W17
KG17-11 61.3 64.5 3.2 0.6 Dio W17
also: 72.0 95.2 23.2 0.5 Dio W17
including… 80.4 95.2 14.7 0.9 Dio W17
also including…. 84.0 95.2 11.2 1.1 Dio W17
KG17-12 2.3 10.5 8.2 0.6 Mvol Ace
also: 53.8 54.0 0.2 1.1 Mtsd Ace
KG17-13 51.0 52.4 1.5 0.6 Mvol Ace
KG17-14 24.4 25.2 0.8 0.9 Qz-vn Ace
also: 35.1 35.6 0.5 1.6 Qz-vn Ace
KG17-15 7.0 11.5 4.5 0.9 Mvol Ace
also: 137.6 139.0 1.4 1.3 Dio (dike) Ace
KG17-16 9.8 10.0 0.3 10.4 Qz-vn Ace
also: 15.5 15.9 0.4 14 Qz-vn Ace
*Dio = diorite/quartz diorite; Mvol = mafic volcanics; Mtsd = metasediments; Qz-vn =
quartz vein
Danniel Oosterman, President and CEO of Canstar states “It’s notable that the quartz
diorite dikes not only appear to act as structural pathways for mineralization, but these
dikes are mappable and can be traced property-wide. They may represent a key-feature
in future exploration for the project.”
The Company is currently planning the next phase of exploration on its Mary March
Project located in Newfoundland near the historic Buchans Mining Camp. Canstar will be
submitting a work plan to it’s JV partner, Glencore Plc for consideration.
The Mary March Project has excellent potential whose highlights include:
Historic drilling intercept (1996) by Phelps Dodge that intersected 9.63 metres of
mainly massive sulphides with an average grade of 10.1% zinc, 1.68% lead, 0.64%
copper, 122.1 g/t silver and 4.2 g/t gold (Mary March Zone);
2013 drilling by Canstar semi-massive sulphides intercepting 11.6 meters of
3.6% zinc, 0.1% copper, 0.8% lead, 25 g/t silver and 2 g/t gold, as well as 5.0
meters of 4.8% zinc, 0.4% copper, 1.0% lead, 71 g/t silver and 2 g/t gold (Mary
March Zone);
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2013 drilling by Canstar of a stockwork sulphide zone intercepting 18.5 meters of
1.6% zinc, 0.1% copper, 0.2% lead, and 2 g/t silver and another intercept of 18.9
meters of 1.6% zinc, 0.1% copper, 0.5% lead and 4 g/t silver (Nancy April Zone);
2014 drilling by Canstar of semi-massive sulphides intercepting 5.5 meters of
2.5% copper, 9 g/t silver and 0.7 g/t gold (Nancy April Zone);
2014 drilling by Canstar westward continuation of the stockwork sulphide zone
intercepting 93.7 meters of 1.0% zinc, 0.1% copper, 0.2% lead and 3 g/t Ag
(Nancy April Zone);
Numerous untested geophysical anomalies similar to anomalies associated with
known mineralization.
Canstar Resources will be holding a conference call on Monday, November 20 at 1:00pm
EST to discuss the results and plans going forward.
The conference numbers are:
Local Dial-in Number: (+1) 416 764 8658
Toll Free Dial-in Number: (+1) 888 886 7786
Qualified Persons
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.
Quality Control
Canstar Resources adopts industry recognized QA/QC methods. Drill intervals are core
length and are not reported as true thickness. A geochemical standard control sample
and one blank sample is inserted into the sample stream every 20th sample. Lab
duplicates are analyzed using Thompson-Howarth plots. Samples are shipped to Act
Labs in Thunder Bay for Fire Assay analysis. Overlimit values greater than 5000 ppb are
analyzed using gravimetric analysis.
About Canstar Resources Inc.
Canstar Resources is a well -funded, Canadian mineral ex ploration and development
company led by a professional, highly technical management team and an experienced
board of directors. The Company's objective is to discover and develop economic
mineral deposits primarily in North America. Currently, the Compan y’s focus is on the
Kenora Gold Project located in Kenora, Ontario.
ON BEHALF OF THE BOARD OF DIRECTORS
Danniel J. Oosterman, P.Geo
President & CEO
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Contacts:
Danniel J. Oosterman, P. Geo.
President & CEO
Karen Willoughby
Director Corporate Communications
T: 1-866-936-6766
Forward-Looking Statements
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". These
statements are based on info rmation currently available to the Company and the Company
provides no assurance that actual results will meet management's expectations. Forward -
looking statements include estimates and statements that describe the Company's future plans,
objectives or g oals, 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", "wil l", 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. Actual results
relating to, among other things, results of exploration, p roject development, reclamation and
capital costs of the Company's mineral properties, and the Company's financial condition and
prospects, could differ materially from those currently anticipated in such statements for many
reasons such as: changes in gen eral economic conditions and conditions in the financial
markets; changes in demand and prices for minerals; litigation, legislative, environmental and
other judicial, regulatory, political and competitive developments; technological and
operational difficulties encountered in connection with the activities of the Company; and other
matters discussed in this news release. This list is not exhaustive of the factors that may affect
any of the Company's forward -looking statements. These and other factors shoul d be
considered carefully and readers should not place undue reliance on the Company's forward -
looking statements. The Company does not undertake to update any forward -looking
statement that may be made from time to time by the Company or on its behalf, ex cept in
accordance with applicable securities laws.