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Canstar Announces Initial Drill Results, Including 9.6 g/t Gold over 7.8 Metres, from Golden Baie Project, Newfoundland
(TheNewswire) Toronto, Ontario - TheNewswire - August 19,...
About this update from Canstar Resources Inc.
[{"type":"text","content":"Canstar Announces Initial Drill Results, Including 9.6 g/t Gold over 7.8 Metres, from Golden Baie Project, Newfoundland\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Toronto, Ontario\n \n \n \n -\n \n \n \n \n TheNewswire\n-\n \n \n \n August 19, 2021 -\nCANSTAR RESOURCES INC. (TSXV:ROX\n \n \n ) (\n \n \n OTC:CSRNF)\n \n \n (“\n \n \n Canstar” or the\n“Company\n \n \n ”)\n \n \n is pleased\nto announce assay results from the first two holes of its 5,000 metre\ndiamond drill program on the Golden Baie project in south\nNewfoundland.\n \n \n \n \n Holes GB-21-01 and GB-21-02 were drilled from the same\npad at the Kendell Target, located in the centre of the 62,175 hectare\nclaim package (Figure 1).  These holes were drilled to intersect the\ndowndip projection of significant quartz veining in a surface trench\nthat was excavated earlier this year (Figure 2).  Both drill holes\nintersected a zone of gold mineralization associated with multiple\nsmall quartz veins and sulphide mineralization and assay highlights\nare provided in Table 1.  Hole GB-21-01 was angled at 45 degrees\ntowards the east and intersected 9.64 g/t gold over 7.75 metres,\nstarting at 7.45 metres downhole (Figure 3).  Hole GB-21-02 was a\nnear-vertical drill hole and intersected 2.09 g/t gold over 7.92\nmetres including 9.59 g/t gold over 1.03 metres, starting at 15.15\nmetres downhole.\n \n \n \n \n Rob Bruggeman, President & CEO of Canstar, stated:\n“Having the first hole from the 2021 drill program return the best\ngrade-intercept ever reported on the Golden Baie project is a\nfantastic start to the drill program.  More importantly, the initial\nassay results from the Kendell Target indicate a broad zone of gold\nmineralization that starts at surface and is believed to dip at an\nestimated 30-40 degrees towards the northwest.  Future assay results\nare expected to further define the dip and orientation of the\nmineralized system. The initial results are very promising because\norogenic gold systems can extend over great distances, as recently\ndemonstrated at other gold projects in central Newfoundland.  We plan\nto step out and attempt to follow this mineralized zone as it gets\ndeeper in order to evaluate the potential for zones with higher grades\nor broader widths.”\n \n \n...