All Star Minerals plc
LSE : ASMO

July 27, 2011 02:00 ET

Projects Update

                                                                                                  
                                                                                        27/07/2011
                                                                         GB00B12T7004/GBP/PLUS-exn

                                       ALL STAR MINERALS PLC
                                   ("All Star" or the "Company")
                                                 
                                          PROJECT UPDATES

All  Star  is  pleased to advise that the Company has secured a drill rig and the maiden  drilling
program at the Gilpas uranium project will start during the week commencing 15 August 2011.

The  Company's  improved  financial position means that a more aggressive drilling  programme  can
commence  than was initially planned at Gilpas. The maiden drilling program will develop according
to the onsite scintillometer readings taken.

SAMON - MAGNETIC ANOMALY

The  Company's Chief Geologist, Dr Jan-Ola Larsson and his team have recently concluded an initial
magnetometer  survey at the magnetic anomaly survey at Samon, which covers a  continuous  area  of
750,000 square metres. The survey confirmed the presence of magnetite, although it determined that
the outcrop is minimal due to glacial till overlying the bedrock.

The  planned next stage of development is for a scout drilling program to commence once the  drill
program  at Gilpas has been completed. The initial hole(s) will be to a depth of around 25  metres
in order to better understand the mineralization present. The application to commence drilling has
been lodged with the Swedish Mines Inspector.

CONRAD WINDHAM, CHIEF EXECUTIVE OFFICER, SAID:

"I  am  pleased that the maiden drilling program will commence at Gilpas in August. It is also  of
great  encouragement that the magnetite anomaly at Samon has given our Chief Geologist, Dr Jan-Ola
Larsson, the confidence to proceed with scout drilling. Over the past few years Jan has enjoyed  a
phenomenal degree of success in identifying projects in Sweden that host sizeable deposits, and we
are optimistic that this success will continue with All Star Minerals."

The Directors of All Star are responsible for the contents of this announcement.

ENQUIRIES:

COMPANY

All Star Minerals plc
Conrad Windham, CEO
Telephone: 020 3130 0674
E-mail: c.windham@allstarminerals.com

CORPORATE ADVISORS

St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Telephone: 020 7368 6959

BROKER

SVS Securities plc
Ian Callaway or Alex Mattey
Telephone: 020 7368 5600

Website: www.allstarminerals.com

All Star Minerals plc

Contact Information

  • All Star Minerals plc