Canstar Resources Inc.
TSX VENTURE : ROX

Canstar Resources Inc.

December 03, 2015 07:49 ET

Canstar Samples 2.0 g/t Gold Over 18 Meter Channel on Its Kenora Gold Project

TORONTO, ONTARIO--(Marketwired - Dec. 3, 2015) - Canstar Resources Inc. (TSX VENTURE:ROX) Canstar Resources is pleased to announce assay results from its recent trenching and channel sampling program.

A total of 85 samples were collected over 7 channels with additional 7 chip samples following the Company's most recent reconnaissance program which highlighted a number of high grade gold-bearing areas on the project (see Company's press releases dated October 26th 2015 and July 28th, 2015). Highlights from this channel sampling program include:

  • An 18.0 wide meter channel containing 2.0 g/t gold including 5.0 meters containing 6.8 g/t gold on its Aviator trend
  • A 2.7 meter long select chip sample containing 5.0 g/t gold on its Hilly Lake trend
  • A 1.4 meter wide channel containing 1.8 g/t gold on its Black Sturgeon trend
  • Discovery of a new showing parallel to the Aviator trend containing a select channel sample of 0.7 meters containing 1.7 g/t dubbed "Avro East"

"The purpose of this program was to demonstrate that the mineralized areas that the Company identified during its 2015 grassroots exploration program can extend over appreciable widths," said Danniel Oosterman, President & CEO of Canstar, "The channel sampling confirmed that this is the case, especially with regards to the Aviator trend, and we are very encouraged by these results." Highlighted channel samples are tabulated below:

Table 1. Channel sample results from 2015 Program (note: Hilly Lake samples are composited chip samples)

Trend CHANNEL From
(m)
To
(m)
Length
(m)
Au
(g/t)
Main Showing/Aviator AV5 0.00 18.00 18.00 1.97
Main Showing/Aviator …including 4.50 9.50 5.00 6.75
Hilly Lake HL1 0.00 2.70 2.70 5.03
Hilly Lake …including 1.35 1.80 0.45 14.80
Launch CH3 0.40 0.70 0.30 12.90
Launch CH1 0.50 0.80 0.30 3.13
Black Sturgeon CH6 1.00 2.35 1.35 1.75
Aviator AV4 0.00 1.00 1.00 3.91
Avro East New 0.50 1.20 0.70 1.72

The channel samples collected occurred in various rock types, from quartz-veins and into adjacent volcanic rocks. In the case of Hilly Lake, the main gold association is with intrusive rocks. Structurally, observed shearing on the project dips vertical to sub-vertical, thus the reported results are believed to represent a good approximation of true width values. Alteration and shearing is evident at the outcrop scale, as is a notable association of higher gold content where increased sulphides are observed. The Company believes this sulphide association will aid as a targeting characteristic for a geophysical program, which it wishes to conduct in early 2016. Due to weather constraints, detailed mapping of stripped areas was not completed; however, the Company does intend to complete this work in Spring of 2016. The project is expected to be upgraded to a drill-ready status upon completion of this work.

QP and Quality Control

Channel samples were taken with a diamond blade saw at approximately 90 degrees to observed structural trends. Results reports are composited using weighted averages over the length of sample as reported. Canstar observes a quality control program for all of its exploration work according to best practices in the industry from sample shipment and preparation to data collection and analyses. Fire assay and Aqua Regia ICP analyses were completed by Activation Laboratories Ltd. (Actlabs) who are ISO 17025 accredited and/or certified to 9001: 2008.

Danniel Oosterman, P.Geo, is President and Chief Executive Officer of Canstar, is a Qualified Person as defined by NI 43-101 and is responsible for the technical information in this release.

On behalf of the Board of Directors,

Danniel J. Oosterman, P.Geo, President & CEO

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release. This News Release includes certain "forward-looking statements". These statements are based on information currently available to Canstar, and Canstar provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe Canstar's future plans, objectives or goals, including words to the effect that Canstar or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Forward-looking statements are based on Canstar's assumptions regarding, among other things, results of exploration, project development, reclamation and capital costs of Canstar's mineral properties, capital markets activities, and Canstar's financial condition and prospects. As these statements address future events and conditions, by their very nature they involve inherent risks and uncertainties, and so Canstar's actual results could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Canstar's activities; and other matters discussed in this News Release. This list is not exhaustive of the factors that may affect any of Canstar's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Canstar's forward-looking statements. Canstar does not undertake to update any forward-looking statement that may be made from time to time by it or on its behalf, except in accordance with applicable securities laws.

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