All Star Minerals plc
LSE : ASMO

March 26, 2013 03:00 ET

High Grade Gold Values from Brilliant Brumby Sampling

                                                                                     26 March 2013
                                                                         GB00B12T7004/GBP/PLUS-exn
                                                                                                  
                                       All Star Minerals plc
                                   ("All Star" or the "Company")
                                                 
                       High Grade Gold Values from Brilliant Brumby Sampling

All  Star  Minerals plc, the ISDX-quoted natural resource exploration and investment  company,  is
pleased  to  report that very high gold values have been returned from both rock chip  and  stream
sediment reconnaissance sampling on its Brilliant Brumby tenement in Queensland, Australia.

Highlights:

    *        Gold mineralization at the main Brilliant Brumby vein mapped to a strike length of  2
        kilometres
    
    *       Highest gold values from rock chip sampling at Brumby vein of 176 g/t and 95 g/t, with
        several samples returning over 10 g/t gold

    *       Several samples at the Surprise-Loafer vein returned over 5 g/t gold from 0.25 metre wide
        quartz vein

    *       New discovery of a brecciated granite outcrop west of Brilliant Brumby named West Brumby,
        with assays received in the 8 - 10 g/t range

    *       Soil Sampling in the Early Bird area of the tenement returned gold grades of 171,000 ppb,
        6,700 ppb, and 4,780ppb, with rock chip samples taken from outcropping veins returning gold grades
        including 2.43 g/t and 1.75 g/t

    *       Next phase of exploration will involve further rock chip, soil sampling, and additional
        stream sediment sampling, coupled with ground magnetics

Conrad Windham, CEO, commented:

"We  are delighted with the sampling results returned from the reconnaissance program at Brilliant
Brumby  that took place at the end of 2012, which returned a number of extremely high gold values,
as  well as identifying new targets. The next phase of exploration at the project will see  ground
magnetics,  coupled  with  further  channel  and soil sampling,  and  additional  stream  sediment
sampling.

We  are also pleased to report that the Brilliant Brumby II tenement, which covers an extension of
the Early Bird prospect, has been granted."

Granting of Brilliant Brumby II

The  Company  is  pleased  to  announce that the Brilliant Brumby II tenement  has  been  granted.
Brilliant Brumby II covers 24 sub-blocks over an area of 67.2 square kilometres, adjacent  to  the
north-eastern boundaries of its Brilliant Brumby project.

Brilliant  Brumby II covers the northern extent of the Early Bird prospect, a large  magnetic  low
feature,  which is adjacent to a regional north-east trending fault. There are also  a  series  of
northeast trending dykes intersecting the area, which may be a locus for gold mineralization.

The Directors of All Star Minerals plc accept responsibility for the content of this announcement.

ENQUIRIES:

Company
All Star Minerals plc
Conrad Windham
Telephone: 020 3130 0674

Corporate Advisor
Peterhouse Corporate Finance Limited
Guy Miller / Mark Anwyl
Telephone: 020 7220 9796

Broker
SVS Securities plc
Ian Callaway or Alex Mattey
Telephone: 020 7638 5600


Contact Information

  • All Star Minerals plc