Archean Star Resources Inc.
TSX VENTURE : ASP

Archean Star Resources Inc.

December 06, 2011 14:36 ET

Archean Star Updates Gnaweeda Diamond Drill Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2011) - Archean Star Resources Inc. (TSX VENTURE:ASP) ("Archean" or the "Company") announces that the first diamond drill hole has been completed, and the second diamond drill hole in the current diamond drill program, TB007, is now underway on the Turnberry zone at the Gnaweeda Gold Project ("Gnaweeda") at Meekatharra in the Murchison Gold District, Western Australia.

Drill hole TB006 was completed to a depth of 326.9 meters and is an approximately 50 meter step out hole from diamond drill hole TB003 where the Company intersected 3 meters grading 8.27 g/t Au and 16 meters grading 2.34 g/t Au and Teck Australia Pty, Ltd, ("Teck") hole GNRC009 that intersected 4 meters at 17.77 g/t Au. Hole TB007 is collared 50 meters east of TB003 and is targeting down dip of the supergene enriched zone of 16 meters at 2.34 g/t Au encountered in TB003. The collar of the third diamond drill hole, TB008 is located approximately 50 meters north of TB006.

In diamond drill hole TB006, mineralization begins approximately 150 meters down hole and consists of significant quartz veining along with pyrite that is present over much of the same interval, locally up to 5%, and is notably abundant in the lower parts of the hole. Gold intersections in both TB003 and GNRC009 are associated with pyrite.

The current drill program is on the southernmost of the three earlier identified higher grade gold zones within the main 2.5 km x 750 m Turnberry zone.

The TB006 drill core is currently being logged, split, and sampled, after which the samples are to be submitted for assay to the ALS Chemex laboratory in Perth, Western Australia. Assay results will be released as received.

To view the accompanying Turnberry South map click on: http://media3.marketwire.com/docs/asp.jpg

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. Kent Exploration Inc. (TSX VENTURE:KEX) with approximately 10,000,000 shares, or 22% 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. This news release has been reviewed by Dr. Clay M. Conway, 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