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Canstar Concludes 2025 Field Season, Reports Year-in-Review Milestones, and Advances Winter Technical Program Toward 2026 Drilling
Toronto, Ontario--(Newsfile Corp. - December 29, 2025) - Canstar Resources Inc. (TSXV: ROX) (th...
About this update from Canstar Resources Inc.
[{"type":"text","content":"Canstar Concludes 2025 Field Season, Reports Year-in-Review Milestones, and Advances Winter Technical Program Toward 2026 DrillingToronto, Ontario--(Newsfile Corp. - December 29, 2025) - Canstar Resources Inc. (TSXV: ROX) (the \"Company\") reports that its 2025 field season in Newfoundland has concluded and its Winter 2025/2026 technical program is now underway, with the objective of commencing exploration drilling at the start of the 2026 exploration season, subject to permitting and final program design.Winter work includes additional data integration and interpretation of newly collected and compiled geological, geochemical, geophysical and LiDAR datasets, continued 3D modelling, and refinement of drill targets for the 2026 program. 2025 Year in Review - Key MilestonesDistrict-scale geophysics initiated and advanced at Buchans (Deep IP / 3D modelling)Canstar launched and advanced a deep-penetrating IP-focused geophysics program to refine and prioritize drill targets in the historic Buchans mining district, including completion of a deep IP survey at Buchans (in partnership with Canterra Minerals) and ongoing 3D inversion and modelling to assess large-scale targets. $11.5M strategic exploration JV - LOI with VMS Mining Corporation (non-dilutive, asset-level funding)In April 2025, Canstar executed a letter of intent with VMS Mining Corporation (\"VMSC\") establishing terms for an $11.5 million phased exploration joint venture on the Buchans and Mary March projects, including Phase 1 funding of $1.5M (non-dilutive) for a 10% JV interest, and optional Phase 2 and Phase 3 investments of $4M and $6M, respectively (earn-in to 60%). Initial JV payment received: $500,000In May 2025, the Company reported receipt of the initial $500,000 tranche from VMSC to commence Phase 1 work, enabling the Company to accelerate exploration without issuing share capital. World-class technical leadership: Dr. Harold Gibson leads JV exploration strategyDr. Harold Gibson, P.Geo., VMSC's VP-Exploration and a globally recognized VMS authority with 100+ peer reviewed papers published on VMS systems, ore deposits and vulcanology, is leading exploration and technical strategy for the JV. Dr. Gibson and Dr. Rodney Allen led a rigorous 2025 core mapping and relogging initiative at Mary March to define stratigraphic and structural controls and target faulted ext...