Archean Star Resources Inc.
TSX VENTURE : ASP

Archean Star Resources Inc.

May 20, 2011 16:05 ET

Archean Star Resources Bunarra Prospect Final Assay Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 20, 2011) - Archean Star Resources Inc. (TSX VENTURE:ASP) and its wholly owned subsidiary, Archean Star Resources Australia Pty, Ltd (together "Archean" or the "Company") report that assay results have been received for diamond drill holes BN007 through BN010, from the diamond drill program recently conducted on the Bunarra prospect, Gnaweeda Gold Project, at Meekatharra, Western Australia.

BN008 intersected 1 meter at 7.30 g/t Au while anomalous gold was intersected in BN007 and BN010. Results are tabulated below.

FromToIntervalGold
Diamond Drill Hole(m)(m)(m)(g/t)
BN007115137220.158
BN0085166150.154
1021031.07.30
BN009No significant results
BN010899890.316
Incl949840.546
13713810.929

The identified mineralized zone has a strike-length of approximately 200 meters and is open along strike and to depth. The results from the recent diamond drill program support a north-south mineralized trend. The gold intersections to date show significant variability in both widths and grades. The mineralization may be present in several parallel zones.

Gold mineralization is associated with quartz-tourmaline veins and arsenopyrite, with dolerite being the primary host rock for the gold mineralization. The most significant intersection to date is drill hole BN003 (previously reported), that intersected an 18 meter (59 ft) intersection of 11.71 g/t Au that includes 4 meters (13 ft) at 37.76 g/t Au, (inclusive of a 1 meter intersection (3.3 ft) averaging 110.1 g/t Au), 1 meter (3.3 ft) at 24.2 g/t Au and 3m (10 ft) at 7.09 g/t Au.

The next phase work program consists of a 6 hole diamond drill program at the St. Anne's prospect and a 2D ground IP geophysical survey over the Bunarra and Turnberry zones to determine the extent of the mineralized zones, to assist in guiding future diamond drill holes, and to identify a signature that may be applied to the two other known mineralized zones, St. Anne's and Far East. Additionally a fourth target, a large structural/alteration target identified by geophysics lies approximately three km northwest of the Turnberry zone. The IP Survey is to commence immediately, with drilling expected to commence upon completion and interpretation of the IP Survey.

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 ("Teck") interest in Chalice Gold Mines Limited's Gnaweeda Gold Project in West Australia. Kent Exploration Inc (TSX VENTURE:KEX) with approximately 10,000,000 shares or 35% of the outstanding common shares, is the controlling shareholder of Archean.

This News Release has been prepared on behalf of the Archean Star Resources Inc. Board of Directors, which accepts full responsibility for its contents. The contents of this release have been reviewed and approved by Marvin A. Mitchell, a Qualified Person as defined by National Instrument 43-101.

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