Canstar Samples 289 g/t Au from the Skidder Target and Engages GoldSpot Discoveries for Golden Baie Exploration
220 Bay Street TSX-V: ROX
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Canstar Samples 289 g/t Au from the Skidder Target and
Engages GoldSpot Discoveries for Golden Baie Exploration
Toronto, Ontario – November 11, 202 1 – CANSTAR RESOURCES INC. (TSXV: ROX &
OTCPK: CSRNF) (“Canstar” or the “Company”) is pleased to announce partial assay results from
extensive prospecting activities on its Golden Baie project in 2021. Highlights of this year’s
prospecting activity resulted in the delineation and/or expansion of multiple new target areas and
include the discovery of (i) up to 30.3 g/t Au in outcrop and of visible gold in quartz float returning
289 g/t Au from the new Skidder target, (ii) up to 63.7 g/t Au located in the new SW Extension
target adjacent to Kendell, (iii) up to 10.2 g/t Au a further 600 meters north of historic high-grade
samples of the Heart Hill target, and a new auriferous bedrock area located further east of the
main trend. Prospecting this season was focussed in historically underexplored areas on the
property. (Note: the reader is cautioned that rock grab samples are selective by nature and values
reported may not represent the true grade or style of mineralization across the property.)
Canstar is also pleased to announce that it has engaged GoldSpot Discoveries Corp. (TSXV:
SPOT) (“GoldSpot“) to apply its proprietary machine learning technology and geoscience data
management expertise to assist in advancing exploration targeting on the district scale Golden
Baie property.
Highlights
• 289 g/t Au returned from quartz float (Figure 1) from the Skidder target, which is located 1.2
km north of the Kendell prospect and appears to have a similar style of gold mineralization
(Figure 2). Nearby rock sampling has defined a 500 meter by 400 meter anomalous area with
float samples up to 21.7 g/t Au and outcrop up to 30.3 g/t Au. The sample that returned 30.3
g/t Au is from outcrop approximately 370 meters NE of the Skidder boulder location.
• Quartz float samples 2 kilometers southwest, and on strike of Kendell, have returned 63.7 g/t
Au and 3.7 g/t Au in silicified metasedimentary rocks with disseminated arsenopyrite. Assays
are pending for additional rock samples from this new ‘SW Extension’ target area.
• Quartz float grading 10.2 g/t Au from Heart Hill has expanded the “area of interest” to a 1,000
meter by 300 meter footprint. Assays are pending for soils and rock samples.
• Discovery of a new bedrock occurrence of gold in an area the company has named Train Hill
(Figure 1). Fifteen outrcrop samples were collected over a NE-striking area ~900 meters by
100 meters wide. Six of the fifteen samples returned >1. 0 g/t Au. Results range from below
detection to 1.5 g/t Au with an average of 0.7 g/t Au.
Matthieu Lapointe, VP Explorat ion, “Remarkable progress was achieved by Canstar at Golden
Baie this field season . High-grade results from early -stage drilling and multiple grassroots
discoveries that span 30 km are a testament to our high-performing exploration team and the
underexplored nature and district -scale potential of the Golden Baie property. Our intent is to
accelerate our systematic exploration strategy and continue to identify, prioritize, and advance
targets. Canstar has inherited extensive drill, geochemical and geophysical datasets from the 25
years of sporadic exploration campaigns and government initia tives. We are excited to partner
with GoldSpot to interrogate these data and leverage the successes they have gleaned from years
of experience targeting orogenic gold systems in Newfoundland and beyond.”
220 Bay Street TSX-V: ROX
Suite 550 OTCPK: CSRNF
Toronto, ON M5J 2W4 www.canstarresources.com
Figure 1 - Golden Baie project partial claim block map showing key targets and prospects.
Discussion of Assay Results
Skidder:
The visible gold-bearing float from Skidder (Figure 2) was discovered during 2021 prospecting of
the 6-kilometer-long anomalous gold trend that strikes NE and extends from the historic Bower’s
Tickle occurrence to the 90 West prospect(Figure 3). The Skidder float is 40 cm in the maximum
dimension. Coarse visible gold is hosted in recrystallized grey quartz in close association with
arsenopyrite (galena also present). Wall rock shale fragments hosted within the quartz suggests
a similar host sequence as Kendell and match observed outcrop in the area, suggesting a local
source.
Further sampling in the Skidder target area by the Company has defined a prospective area at
least 500 meters by 400 meters. A total of 76 float samples and 32 outcrop samples were collected
in this area (Table 1). Excluding the 289 g/t Au float, results for other float samples average 1.3
g/t Au and range from below detection to 21.7 g/t Au with 18 samples reporting >1.0 g/t Au and 5
samples reporting >5.0 g/t Au. Results for outcrop samples average 1.8 g/t Au and range from
below detection to 30.3 g/t Au with 7 samples grading >2.0 g/t Au and 2 samples grading >10.0
g/t Au. Gold mineralization in outcrop (and float) is hosted in silicified shale with quartz veining
and up to several percent arsenopyrite, pyrrhotite and trace chalcopyrite and galena.
Canstar has completed 15 holes totalling 1,748 meters of drilling in the Skidder area and 11 holes
in 1,300 meters from the Blow Out area (Figure 3). Assay results are pending for these drill holes.
The Company is planning to collect basal till samples this fall to aid in vectoring towards the
bedrock source of gold mineralization. Heavy Mineral Concentrates (HMC) and gold grain
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analyses will be processed by Overburden Drilling Management (ODM), global leaders in heavy
mineral geochemistry and indicator mineral exploration.
Figure 2 - Cut surfaces of boulder from the Skidder target, grading 289 g/t Au . Visible gold in red circles.
Top: shows 2 coarse visible gold (vg) grains to the right of the image and galena to the left (hand lens for
scale). Bottom Left: Coarse visible gold associated with arsenopyrite (apy). Note the dark grey -black
inclusion of fine -grained sediment. Bottom right: photomicrograph of visible gold associated with
arsenopyrite mineralization.
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Figure 3 - Golden Baie project partial claim block map showing area of 2021 exploration focus and drilling.
Train Hill:
The Train Hill discovery is located approximately 16 kilometers NE of the Kendell prospect and is
a new gold in bedrock occurrence (Figure 1). There is no documentation of this occurrence in
historic assessment work or the Newfoundland and Labrador Mineral Occurrence Data System
(MODS). The new target area is particularly interesting as it sits off the main trend and highlights
the potential for significant gold showings east of the Collins Brook Fault , a historically
underexplored region of the property.
Initial rock sampling in 2021 included fifteen outrcrop samples collected over a NE -striking area
approximately 900 meters by 100 meters. Six of the fifteen samples returned >1.0 g/t Au. Results
range from below detection to 1.5 g/t Au with an average of 0.7 g/t Au (Table 1). Anomalous gold
samples are characterized as siliceous metasedimentary rocks hosting centimeter-scale quartz
veining with pyrite and arsenopyrite disseminations.
The Company is very encouraged by the extent of consistent gold values returned from the limited
sampling. The exploration team anticipates that with additional sampling and exploration activity
there is potential to discover higher grade zones. To advance the Train Hill discovery the
Company is planning a soil grid /prospecting to be completed this fall followed by trenching,
channel sampling and geological mapping scheduled for 2022.
Heart Hill:
Heart Hill is located approximately 29 kilometers northeast of the Kendell prospect (Figure 1).
Prospecting from 2016-2017 by the original property vendors resulted in sampling of boulders
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grading 62.7 g/t Au and 43. 9 g/t Au (2016-2017 historical results). These float samples were
described as angular and comprised of quartz-vein material with disseminations of arsenopyrite
and galena.
During 2021, a quartz-vein float sample taken roughly 600 meters north-northeast of the historic
high-grade samples, returned 10.2 g/t Au and expanded the zone of anomalous quartz float
material to an area of 1,000 meters by 300 meters. The anomalous footprint now contains 29 float
samples. Excluding the >10.0 g/t Au samples, the 26 samples average 0.4 g/t Au and range from
below detection to 2.6 g/t Au (Table 1).
To follow-up the Heart Hill target the Company intends on designing a basal till sampling with
HMC analyses along with prospecting, geological mapping and channel sampling to be completed
in 2022.
Kendell - SW Extension:
Nine float samples were collected in 2021 in an area two kilometers SW and along strike of the
Kendell prospect (Table 1). 63.7 g/t Au was returned from a subangular float described as a
siliceous metasedimentary rock containing arsenopyrite. Float sampling within a 50-meter radius
of the high -grade sample has returned 3. 7 g/t Au and 0.8 g/t Au from additional angular float
samples containing quartz veining and arsenopyrite. There are samples pending assay results
from this trend. The Company plans on advancing this target in 2022 with a combination of till
sampling, prospecting, trenching and channel sampling.
At present, prospecting is ongoing in some of these areas and elsewhere on the property. Nine-
hundred seventy-six (976) grab samples have been submitted for which laboratory results are
anticipated throughout November and December. This includes metallic screen re -assays of
samples which assayed over 1.0 g/t Au.
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 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 Analy tical'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,
duplicates of selected samples are being sent to a second laboratory as check assays.
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Table 1 – Rock sample assays received from areas mentioned in this release
to date in 2021
Sample ID Easting
(NAD27)
Northing
(NAD27) Au (g/t) Area Type
18506 597306 5298986 289.385 Skidder Float
16202 597381 5299227 30.293 Skidder Outcrop
17047 597294 5299001 21.703 Skidder Float
16157 597385 5299221 10.590 Skidder Outcrop
16190 597163 5299114 10.020 Skidder Float
13 597152 5299114 9.668 Skidder Float
18295 597347 5299063 6.536 Skidder Float
16414 597355 5299137 5.761 Skidder Float
16222 597353 5299134 4.854 Skidder Float
18544 597313 5299014 4.537 Skidder Float
16233 597389 5298962 4.431 Skidder Float
16109 597122 5298915 4.257 Skidder Float
16199 597270 5298958 3.999 Skidder Float
16230 597234 5298977 3.885 Skidder Outcrop
16203 597424 5299225 3.473 Skidder Float
16191 597163 5299114 3.157 Skidder Float
18509 597388 5299212 2.862 Skidder Outcrop
17050 597388 5299212 2.489 Skidder Outcrop
78 597338 5299009 2.165 Skidder Float
16204 597426 5299221 2.164 Skidder Outcrop
16154 597287 5299033 2.003 Skidder Outcrop
16236 597447 5298900 1.698 Skidder Float
16193 597167 5299105 1.610 Skidder Float
16198 597196 5298847 1.539 Skidder Float
16288 597423 5299113 1.176 Skidder Float
19349 597343 5299231 1.089 Skidder Float
18299 597222 5298810 0.985 Skidder Outcrop
81 597342 5298993 0.857 Skidder Float
18249 597517 5299151 0.855 Skidder Float
14 597140 5299102 0.806 Skidder Float
17049 597256 5299059 0.775 Skidder Float
16239 597271 5298963 0.729 Skidder Float
18563 597142 5298771 0.710 Skidder Outcrop
16161 597283 5299198 0.484 Skidder Float
16232 597320 5298982 0.459 Skidder Outcrop
16231 597275 5298935 0.429 Skidder Outcrop
16158 597385 5299223 0.398 Skidder Outcrop
17048 597288 5299032 0.390 Skidder Outcrop
17227 597135 5298772 0.317 Skidder Outcrop
18545 597430 5299072 0.311 Skidder Float
16195 597190 5299098 0.284 Skidder Float
18234 597297 5298993 0.236 Skidder Float
16194 597190 5299098 0.234 Skidder Float
18293 597428 5299144 0.230 Skidder Float
17093 597327 5299021 0.219 Skidder Float
17091 597326 5298982 0.198 Skidder Outcrop
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19295 597111 5298916 0.190 Skidder Float
16197 597194 5299081 0.185 Skidder Float
17092 597330 5299015 0.159 Skidder Float
17231 597320 5298980 0.136 Skidder Outcrop
16323 597124 5298891 0.131 Skidder Float
16106 597122 5298928 0.127 Skidder Float
16201 597347 5299232 0.119 Skidder Float
16155 597310 5299016 0.102 Skidder Float
18560 597186 5298814 0.097 Skidder Outcrop
18292 597427 5299144 0.088 Skidder Float
17094 597297 5299025 0.083 Skidder Float
79 597335 5299003 0.075 Skidder Float
18507 597294 5299002 0.071 Skidder Float
17033 597303 5298997 0.065 Skidder Float
18562 597182 5298809 0.052 Skidder Outcrop
16105 597129 5298928 0.046 Skidder Float
16238 597199 5298857 0.034 Skidder Outcrop
19368 597337 5299001 0.031 Skidder Outcrop
16192 597160 5299117 0.027 Skidder Float
214 597341 5299012 0.026 Skidder Float
16159 597355 5299015 0.021 Skidder Float
18559 597320 5298996 0.015 Skidder Outcrop
18508 597266 5299052 0.014 Skidder Outcrop
16104 597129 5298928 0.013 Skidder Float
16234 597444 5298911 0.012 Skidder Float
16235 597448 5298903 0.012 Skidder Float
18296 597347 5299063 0.010 Skidder Float
16107 597097 5298922 0.009 Skidder Float
16237 597452 5298893 0.008 Skidder Float
18297 597357 5299174 0.008 Skidder Float
18299 597222 5298810 0.007 Skidder Outcrop
17230 597459 5299000 0.006 Skidder Float
18246 597302 5298998 0.006 Skidder Float
18247 597453 5299207 0.006 Skidder Float
215 597356 5298989 0.005 Skidder Float
16110 597087 5298911 0.005 Skidder Float
16156 597325 5299010 0.005 Skidder Float
16160 597443 5299149 0.005 Skidder Float
16205 597441 5299214 0.005 Skidder Float
16207 597471 5299212 0.005 Skidder Float
16253 597473 5298989 0.005 Skidder Float
16278 597351 5299008 0.005 Skidder Float
16279 597480 5298983 0.005 Skidder Float
16324 597129 5298909 0.005 Skidder Float
16412 597196 5299030 0.005 Skidder Float
16413 597245 5299113 0.005 Skidder Float
17034 597303 5298999 0.005 Skidder Float
18233 597305 5298974 0.005 Skidder Float
18250 597385 5299218 0.005 Skidder Float
18294 597502 5299146 0.005 Skidder Float
18543 597308 5299016 0.005 Skidder Float
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19366 597198 5299232 0.005 Skidder Float
19367 597264 5299239 0.005 Skidder Float
16206 597462 5299211 0.005 Skidder Outcrop
16410 597155 5298968 0.005 Skidder Outcrop
16411 597197 5299030 0.005 Skidder Outcrop
18235 597328 5299226 0.005 Skidder Outcrop
18236 597238 5299226 0.005 Skidder Outcrop
18298 597330 5298999 0.005 Skidder Outcrop
18561 597193 5298807 0.005 Skidder Outcrop
19347 597325 5299226 0.005 Skidder Outcrop
19348 597325 5299226 0.005 Skidder Outcrop
16396 610208 5308390 1.454 Train Hill Outcrop
16397 610260 5308439 1.449 Train Hill Outcrop
263 609767 5307845 1.348 Train Hill Outcrop
19390 610315 5308501 1.337 Train Hill Outcrop
44 610112 5308326 1.263 Train Hill Outcrop
41 610218 5308466 1.259 Train Hill Outcrop
40 610296 5308465 0.950 Train Hill Outcrop
262 609805 5307905 0.688 Train Hill Outcrop
16398 610260 5308447 0.437 Train Hill Outcrop
19389 610247 5308429 0.227 Train Hill Outcrop
42 610221 5308469 0.007 Train Hill Outcrop
43 610255 5308493 0.007 Train Hill Outcrop
47 609726 5307842 0.005 Train Hill Outcrop
260 610065 5308222 0.005 Train Hill Outcrop
261 609913 5308109 0.005 Train Hill Float
619619 613952 5320564 62.660 Heart Hill Float
555476 613946 5320552 43.845 Heart Hill Float
106 614101 5321156 10.215 Heart Hill Float
619620 613949 5320515 2.749 Heart Hill Float
555452 613919 5320336 1.916 Heart Hill Float
555477 613920 5320330 1.153 Heart Hill Float
57 613771 5320328 0.955 Heart Hill Float
555453 613769 5320673 0.810 Heart Hill Float
619623 613791 5320511 0.536 Heart Hill Float
1032166 613916 5320811 0.471 Heart Hill Float
1032168 613720 5320365 0.462 Heart Hill Float
1032167 613737 5320634 0.440 Heart Hill Float
1032165 613916 5320811 0.333 Heart Hill Float
113 613716 5320366 0.219 Heart Hill Float
1032169 613726 5320315 0.212 Heart Hill Float
619621 613939 5320520 0.161 Heart Hill Float
619617 614173 5321225 0.115 Heart Hill Float
58 613721 5320369 0.052 Heart Hill Outcrop
18593 614024 5321082 0.015 Heart Hill Float
122 613765 5320533 0.012 Heart Hill Float
555459 613846 5320620 0.010 Heart Hill Float
105 613984 5320851 0.007 Heart Hill Float
59 613916 5320262 0.005 Heart Hill Float
121 613851 5320518 0.005 Heart Hill Float
168 613900 5320541 0.005 Heart Hill Float