Archean Star Resources Inc.
TSX VENTURE : ASP

Archean Star Resources Inc.

April 26, 2011 12:21 ET

Archean Star Resources Engages Quantec Geoscience for 3D IP Survey

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 26, 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 it has engaged Quantec Geoscience Pty, Ltd, to conduct a 3D Induced Polarization ("IP") Survey at the Bunarra prospect on its Gnaweeda Gold Project in Western Australia.

The 3D IP survey over the Bunarra prospect is to determine the extent and orientation of the identified mineralized zone and, along with the geological data derived from the recent drill programs, to assist in providing additional targets for the upcoming diamond drill program. The Company's geological consultants consider that the extent of the mineralized zone and gold intersections identified to date is promising and that the 3D IP may determine whether a distinct IP signature can be identified that may be also applied to the other three known mineralized zones, Turnberry, St. Anne's and Far East. The Bunarra mineralized zone has a strike-length of approximately 200 meters and is open along strike and to depth. A fourth target, a large structural/alteration target identified by geophysics lies approximately three km northwest of the Turnberry zone.

Gold mineralization at the Bunarra prospect is associated with quartz-tourmaline veins, arsenopyrite, and pyrite with dolerite being the primary host rock for the gold mineralization. There is a strong positive correlation between gold, silver, and arsenic and mineralization may be present in several parallel zones. The most significant intersection to date at Bunarra is drill hole BN003 (previously reported), that intersected an 18 meter intersection of 11.71 g/t Au that includes 4 meters at 37.76 g/t Au, (inclusive of a 1 meter intersection averaging 110.1 g/t Au), 1 meter at 24.2 g/t Au and 3m at 7.09 g/t Au. The most significant intersections at the Turnberry prospect included 3m at 8.27 g/t Au and 16m at 2.46 g/t in the previously reported drill hole TB003.

The next phase drill program consists of 6 diamond drill holes at the St. Anne's prospect to follow up prior reported gold intersections, and following the completion and interpretation of the Bunarra 3D IP Survey, continued drilling at the Bunarra prospect.

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 NI 43-10.

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
    www.archeanstar.com