Announcement Date: 2022-02-08
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Canstar Resources Inc.
Project name: Golden Baie
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 5.69m @ 11.8g/t Au from 21.89m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario – February 8, 2022 – CANSTAR RESOURCES INC. (TSXV: ROX & OTCPK: CSRNF) (“Canstar” or the “Company”) is pleased to announce additional assay results from 2021 drilling and channel sampling from the Kendell prospect at its Golden Baie project in south Newfoundland. The Company also announces that a winter diamond drill program has commenced at the Kendell prospect. This program is expected to include up to 35 new drill holes which total approximately 2,000 metres and reflect the shallow nature of the mineralization. Drilling highlights from the final 2021 drill hole assays at the Kendell prospect are provided in Table 1 and include some of the highest-grade intervals to date from this prospect. In addition, gold mineralization was extended by approximately 50 metres down-dip. Notable intervals and higher grade intercepts include Selected detailed drill hole assay results and collar data are provided in Tables 3 and 4, respectively. All assays from drill hole and channel samples from Kendell have now been received and reported. Additional infill sampling of selected 2021 drill core is now being done to ensure that all core from the interpreted zone of mineralization has been assayed.
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