Archean Star Resources Inc.
TSX VENTURE : ASP

Archean Star Resources Inc.

February 23, 2012 12:24 ET

Archean Star Encounters 28 Meters of Mineralization in Hole TB008 at Gnaweeda

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2012) - Archean Star Resources Inc. (TSX VENTURE:ASP) ("Archean" or the "Company") reports that diamond drill hole TB008 at the Turnberry prospect at the Gnaweeda Gold Project, with a planned depth of 350 meters to test gold mineralization down dip from hole GNRC008, was extended to, and closed off at, 374 meters downhole. A strongly mineralized zone of quartz-carbonate veins with sulphide mineralization consisting of pyrite and trace arsenopyrite and chalcopyrite was encountered from 327 meters to 355 meters downhole with visible gold present in quartz veining at approximately 337 meters.

Gold mineralization has now been identified at various depths at the southern part of the Turnberry prospect from near surface to as deep as 270 meters, along a strike length of approximately 150 meters. Mineralization is open along strike and to depth. The 2.5 km long Turnberry prospect contains three distinct highly prospective gold bearing zones each with a potential length of approximately 500 meters.

Diamond drill hole TB008 encountered the visible gold approximately 200 meters below a 5 meter intersection of 13.49 g/t gold in GNRC008. TB008 is approximately 100 meters north of the Company's diamond drill hole TB003, that encountered 3 meters of 8.27 g/t gold and hole GNRC009 that encountered 4 meters at 17.77 g/t Au and approximately 50 meters north of TB006 that encountered multiple gold intersections within an approximately 41 meter interval, with the highest grade reported being 2 meters at 10.58 g/t gold.

TB008 core has been logged and cut with samples submitted to ALS Chemex Laboratories in Perth, WA. Assays will be released when received.

Archean Star Resources Inc. is a junior exploration company that, through its wholly owned subsidiary, Archean Star Resources Australia Pty Ltd, has entered into an Option Agreement, subject to a 75% back in right, to earn 100% of Teck Australia Pty Ltd's interest in Chalice Gold Mines Limited's Gnaweeda Gold Project in West Australia.

This News Release has been prepared on behalf of the Archean Star Resources Inc. Board of Directors, which accepts full responsibility for its contents. This news release has been reviewed by Dr. Clay M. Conway, Ph.D., P.Geol. a Qualified Person as recognized by National Instrument NI-43-101 and a director of the Company.

ON BEHALF OF THE BOARD

Graeme O'Neill, President

Neither the TSX Venture Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), has reviewed, nor do they accept responsibility for, the adequacy or accuracy of this news release.

Contact Information

  • Archean Star Resources Inc.
    Graeme O'Neill
    President
    (604) 684-3394
    (888) 282-7763 (FAX)
    www.archeanstar.com