Canstar Resources Inc (PK) (CSRNF) ニュース

Not been following this closely...dead money at the moment but feel this will pay off nicely. Table won't post correctly so here is link:

http://www.canstarresources.com/s/news-releases.asp?ReportID=681838


Nov 04, 2014

Canstar Intersects 93.7 meters of 1.00 zinc, 3 g/t silver, and 5.33 meters of 1.21% copper, 4.9 g/t silver in Nancy April Zone on its Mary March Project


Canstar Resources is pleased to announce the final results of the 2014 summer drilling program on its Mary March Project. Results have been received for the final three drillholes completed in the program and indicate a significant improvement in the Nancy April mineralized zone along strike and confirmation that the geophysical program was successful in identifying the mineralized horizon. The current program was successful in extending the Nancy April Zone approximately 50 meters to the southwest, returning the following results:

Borehole MM14-33 intersected 5.33 meters 1.2% copper , 0.2% zinc, 4.9 g/t silver, 0.4 g/t gold from 66.5 to 71.8 meters
- Including an interval of 2.3 meters grading 2.5% copper, 0.1% zinc, 8.6 g/t silver and 0.7 g/t gold nested in the above intercept from 69.5 to 71.8 meters.
Borehole MM14-33 returned 93.7 meters of 1.0% zinc, 0.2% lead, and 2.9 g/t silver in stockwork sulphides
- Including an interval of 10.2 meters of 3.4% zinc, 0.1% copper, 7.1 g/t silver and 0.3 g/t gold

The summer 2014 drilling program was comprised of 5 holes totaling 1724 meters of drilling, and was drilled in two separate phases. Phase 1 results (2 holes) were announced in the Company's press release dated October 28, 2014.
Phase 2 Drilling Results (Nancy April Zone)

The remaining 3 holes reported were designed to test an extensive IP anomaly that is coincident with the Nancy April Horizon. The Nancy April deposit lies approximately 500 meters west of the Mary March deposit and was discovered in 1999 by Phelps Dodge Corporation ("PDC"). PDC's discovery hole intersected 6.8 meters of 1.5% zinc, 0.8% copper and 0.6% lead. Geochemical work and re-logging on historic drill core completed by the Company in summer of 2013 noted strong alteration with minor mineralization downhole of Nancy April intersect and it was hypothesized that a footwall zone to a larger system may be present in the area. Drilling in Fall 2013 confirmed these results (see press release dated January 21, 2014).

The following table provides a summary of significant drilling results from the summer 2014 drill program:




BHID

From (m)

To (m)

Length (M)

Zinc %

PB%

CU %

Ag gpt

Au gpt



MM14-33

66.46

71.79

5.33

1.21

0.03

0.15

4.85

0.35



including...

69.54

71.79

2.25

2.49

0.03

0.10

8.64

0.72



MM14-33

128.66

129.58

0.92

0.03

2.09

1.80

19.96

0.46



MM14-33

200.88

294.54

93.67

0.05

0.15

1.00

2.92

0.03



including...

237.00

247.17

10.17

0.12

0.01

3.36

7.13

0.03



MM14-34

383.58

390.89

7.31

0.05

0.17

0.28

8.80

0.08



MM14-35

61.40

68.39

6.99

0.08

0.02

0.05

10.07

0.23



These results indicate a significant thickening of the Nancy April mineralized horizon from previous drilling. Hole MM13-31, drilled during the Fall 2013 program, returned a mineralized interval of 18.5 metres, in comparison to hole MM14-33 which encountered over five times this thickness only 50 metres along strike. The results suggest that the Nancy April horizon is improving along strike and warrants follow-up drilling to test for continued improvement to the southwest.

The second phase of the drilling program was designed to include targets delineated from the Company's recent induced polarization (IP) survey (see Company's press release dated June 25, 2014). Drillholes were prioritized based on known geological data and, specifically, the known presence of the Nancy April chargeability anomaly that is coincident with the mineralized zone. Drill hole MM14-35 encountered 6.99 meters of massive sulphide at the targeted zone, confirming the efficacy of the IP system for detecting sulphide mineralization on the property. MM14-33 and MM14-35 are separated by 200 meters of untested chargeable strike length, with the anomaly extending to the southern edge of the survey grid where it is presumed to continue.

Danniel Oosterman, President and CEO of Canstar states "Not only have we significantly increased the width of the Nancy April footwall zone, we now have a minimum 200 meter anomaly of untested IP chargeability along strike, and in a direction where we are seeing improving grades and widths. More importantly, we have confirmed that the IP survey is detecting sulphide mineralization, and raises the potential for mineralization on several other parallel chargeable trends observed from the survey, including a large anomaly to the north with peak chargeabilities that extend for over 600 meters long and 100 meters wide. The Mary March Project now has the highest quality targets and upside potential in its storied history."

The Mary March Property is subject to a Joint Venture Agreement between Canstar Resources Inc and Glencore Plc. Glencore opted for voluntary non-participation for this program.

A conference call will be held on Wednesday, November 5 , 2014 at 12 noon EST to discuss the results and plans going forward. Investors are invited to submit questions to kwilloughby@canstarresources.com , which will be addressed by President Danniel Oosterman during the call.

The conference numbers are:
Local Dial-in Number: (+1) 416 764 8600
Toll Free Dial-in Number: (+1) 888 575 5156
Guest Code: 8562103 #

Canstar Resources adopts industry recognized QA/QC methods. Drill intervals are core length and are estimated to be close to 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 AGAT Laboratories in Mississauga for analysis. AGAT Labs is an ISO/IEC 17025 accredited laboratory and maintains ISO 9001 standards, policies and procedures.

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.
On behalf of myself and the Board of Directors,


Danniel J. Oosterman, P.Geo
President & CEO



Contacts:
Danniel J. Oosterman, P. Geo.
President & CEO
E: doosterman@canstarresources.com

Karen Willoughby
Director Corporate Communications
T: 1-866-936-6766
E: kwilloughby@canstarresources.com

Results represent a very small portion of samples taken - unsure why to release this now but oh well!

Canstar Intercepts 11.5 Meters of Zinc Sulphide Mineralization at March March Project
TORONTO, ONTARIO--(Marketwired - Oct. 28, 2014) - Canstar Resources Inc. (TSX VENTURE:ROX) -

Canstar Resources is pleased to announce the first results of it 2014 summer drilling program on its Mary March Project. Results have been received for the first two drillholes completed in the program. The Company successfully extended the Mary March Zone 50 meters to the northeast and at depth encountering the following results:

Borehole MM14-32 intercepted 11.5 meters 1.2% zinc, 0.2% lead, 1.8 g/t silver, 0.2 g/t gold from 431.5 to 443 meters
Including an interval of 3.6 meters grading 2.7% zinc, 0.1% copper, 2.4 g/t silver and 0.1 g/t gold nested in the above intercept from 435.9 to 439.5 meters.
The summer 2014 drilling program was comprised of 5 holes totaling 1724 meters of drilling, and was drilled in two separate phases.

Phase 1 Drilling Results (Mary March Zone)

The first 2 holes reported were designed to test a borehole electromagnetic target (BHEM) in and around the Mary March discovery zone that was detected by Canstar Resources from work earlier in 2014 (see Company's press release dated March 26, 2014). The following table provides a summary of significant drilling results to date:

BHID From To Length Zn % Pb% Cu% Ag gpt Au gpt
MM14-32 399.68 407 7.32 0.21 0.06 0.01 1.40 0.05
including… 399.68 402 2.32 0.33 0.05 0.02 1.35 0.07
MM14-32 410.39 416.19 5.80 0.43 0.08 0.02 3.45 0.13
including… 411.64 414.47 2.83 0.54 0.14 0.02 5.08 0.17
MM14-32 431.5 443 11.5 1.18 0.16 0.04 1.77 0.12
including… 434.5 441.1 6.6 1.84 0.13 0.06 1.88 0.09
including… 435.9 439.47 3.57 2.73 0.03 0.10 2.39 0.11

In addition to MM14-32, diamond drill hole MM13-30 (see News Release dated January 21, 2014) was extended as part of this program in order to test a geophysical anomaly that was identified near the end of this hole. The extended hole encountered significant pyrite mineralization, however, assays did not return any significant results.

Phase 2 Drilling Results (Nancy April Zone)

The second phase of drilling results are pending and include targets delineated from the Company's recent induced polarization (IP) survey (see Company's press release dated June 25, 2014). Three holes were completed along a chargeability zone that coincides with the Nancy April mineralized horizon. This anomaly was traced over the entire geophysical grid and is open along strike. In addition to this target, two other sub-parallel horizons also exhibit chargeable anomalies were discovered by the IP survey. These parallel horizons remain untested and will be the focus of future drill programs. Chargeability and resistivity maps can be viewed at the company's website: http://www.canstarresources.com/i/maps/IPChargeabilityMap.jpg.

Danniel Oosterman, President and CEO of Canstar states "The Mary March drill results are very encouraging, having successfully demonstrated the additional on-strike potential at Mary March proper. The pending results for Nancy April are also important given that the Company targeted IP anomalies for that phase of drilling. If we receive positive results at Nancy April, we will have confirmed that IP works well with our type of mineralization. This would validate the additional anomalies we received from the geophysical program and provide numerous targets for future drilling".

Assays for the Nancy April (Phase 2) drilling are expected in the coming weeks.

The Mary March Property is subject to a Joint Venture Agreement between Canstar Resources Inc and Glencore Plc. Glencore opted for voluntary non-participation for this program.

Canstar Resources adopts industry recognized QA/QC methods. Drill intervals are core length and are estimated to be close to 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 AGAT Laboratories in Mississauga for analysis. AGAT Labs is an ISO/IEC 17025 accredited laboratory and maintains ISO 9001 standards, policies and procedures.

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.

.065 X .08 - tough entry right now as only 22K avalable under .10 but I think patience will pay here despite my urge to chase. Could be a huge turd but I think I'm on to something very promising here for a solid bottom play. Firm ask that does not fall back after hitting it so thinking good news is coming from samples taken.

Hoping to add more at .06 or less, it's nice and quiet here so enjoying the peace, hanging out and patiently waiting. Hoping all the noise starts after I'm loaded up.

David Palmer, who is a Director of Canstar is also the President and Director of Probe Mines Limited. I hope his influence has the same effect here it did on Probe Mines (TSXV:PRB). That one had exploded on speculation a few times and to this day, still does not produce and is valued at 200 mil.

Board changed to TSXV:ROX...low volume sleeper that might just move on good news from Mary March drilling that was just completed.

Company has been quite responsible with stock issuance over the past 4 years and is a low cost operator.

Still compiling info here and certainly has it's risks as with any exploratory company, but they fought hard to keep Mary March property many years ago and some concrete results and projections might be forthcoming with latest drilling. I like the upside potential here given current pps of .06.

Exploration sampling due soon. In for a taste.

will do, Canstar has maybe a month before the real action begins. A favorable ruling is expected but there remains the 30 day period of appeal of which they have just about appealed this to death. The risk takers might jump in right away, some others might wait the 30 days. The company I am sure is not going to jump before the 30 days but have stated they are prepared to move on a drilling program.

nice...keep me informed

CSRNF, not in play till January. I'm still trying to put together the model for Stockitution. I'm thinking 6 month plays and start a little friendly competition each month that runs 6 months and that would be 12 plays a year.

whats its trading symbol?

December 02, 2010
Chairman's Message

--------------------------------------------------------------------------------

To Our Shareholders,

The latest hearing on the Mary March property dispute between the Newfoundland And Labrador Mineral Recorder and Vinland Resources was held from November 30th to December 2nd.

The purpose of this hearing was to consider an appeal by Vinland filed on November 23rd, 2009 on a decision handed down by the Mineral Rights Adjudication Board on October 23rd, 2009 which had rejected Vinland's claim to the Mary March property.

Three days had been set aside for the hearing. Mr Jim Thistle, our legal counsel representing Canstar at the hearing, advises us that the hearing took just over 2 days to complete. A decision is expected by year end.

We would like to thank our shareholders who have supported us through this long drawn out dispute,especially those who have actively lobbied on our behalf with the government and media to raise the profile of this frivolous,long-standing dispute.

We are optimistic that the upcoming decision by the courts will be final and will allow us to resume comprehensive exploration on the Mary March property as soon as feasible in 2011.

We would also like to report that 4,000,000 share purchase warrants have been exercised at $.10 to add $400,000 to the treasury.

Thank you,
Harry J. Hodge, P.Eng,
Chairman.

This one has been wrapped in litigation over a huge mineral deposite in New Foundland and the ruling is due by years end and given a 30 day window of appeal that would put safe investing end of January. This one of the largest mineral finds in North America, the Canstar Resources website has more details but I fully expect it to see a $1.00 within a year.

I guess I found your gold play for Feb., Carnac...I will be most interested in continuing developments...How long has this stock been at 11.7 cents?...When was the last day of significant volume?

Sincere Cheers, GetSum

Look for a decision on the litigation by Dec. 30 and then we have a 30 day window.

Give the email from Karen I would time your investments wisely,
Vineland can appeal the courts ruling 30 days after the ruling.

Email from Canstar's Investor Relations Person Karen Willoughby;

We feel that there is a good likelihood that the courts will take approximately 30 days to render its decision - if it is done sooner and Vinland has no further recourse, all the better for us. Regardless, as soon as the hearing has concluded and Canstar has received clear title to the Mary March property, it will go forward with its drilling plans, which would likely be implemented very early in the new year.

As soon as we have more information, we will update our shareholders. Thank you again for your patience in this drawn-out process - we are more convinced than ever that Canstar will prevail!

Best regards,


Karen Willoughby,
Manager, Corporate Affairs

Tel: 416-900-6656

TF: 1-866-936-6766

WOW, Crazy

Hopefully one of my other plays pops soon so I can get in and buy some.

Smitter SMTT

Thanks smitter, I am working on the ibox as we speak. There should be a spike in PPS very soon after the ruling is given. The mine is one of the richest mineral finds in recent history.

Cool Carnac,

I will be following along

Congrats on the new board bro

Smitter SMTT

Ok goldminers, this play is about a favorable ruling in litigation concerning the Mary March Mine. I'll be adding relavant information to the Ibox over the next few days.