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Canstar Resources Announces Exploration Update on Buchans-Mary March and Daniels Harbour Properties
Toronto, Ontario--(Newsfile Corp. - December 13, 2018) - CANSTAR RESOURCES INC. (TSXV: ROX) (...
About this update from Canstar Resources Inc.
[{"type":"text","content":"Canstar Resources Announces Exploration Update on Buchans-Mary March and Daniels Harbour PropertiesToronto, Ontario--(Newsfile Corp. - December 13, 2018) - CANSTAR RESOURCES INC. (TSXV: ROX) (OTCQB: CSRNF) (\"Canstar\" or \"the Company\") is pleased to provide an exploration update on its properties in Newfoundland.Buchans-Mary MarchCanstar Resources has engaged Cabo Drilling Corp. to undertake Phase I drilling (see News Release 08-2018) scheduled to commence at the beginning of January, 2019, on the Buchans-Mary March property located in central Newfoundland. Historical drill results from Mary March include a high-grade massive sulphide intersection in drill hole MM-294-7 of 9.2 metres grading 10.3% Zn, 1.6% Pb, 0.7% Cu, 4.11 g/t Au and 118.1 g/t Ag.The Phase I drill program consists of a four hole, 1500+ metre program at Mary March designed to test the mineralized horizon at the top of the extensively altered Mary March panel. This horizon is where historical drill hole MM-294-7 was completed. The Phase I program will test the horizon with one 650 metre hole below the historical drill holes and three 200+ metre drill holes to the southwest over a distance of 1.2km where there has been little historic drilling. Borehole EM surveys are planned for each drill hole which will locate conductive mineralization within 100 metres and aid in targeting for Phase II drilling. \"After extensive re-logging and review of the historic Mary March drill core, Canstar's technical team believes that the high grade mineralization in hole MM-294-7 is a fragment of a larger massive sulphide body which has been displaced along a thrust fault zone,\" stated Canstar President and CEO, Christos Doulis. \"The low grade alteration in the footwall of the high grade intercept in hole MM-294-7 supports this theory which Canstar will test by drilling a 650 metre hole undercutting hole MM-294-7. Phase I results will have a significant impact on planning the Phase II drill program scheduled to commence in March 2019. A planned drill-hole at a regional target (LM12) has been postponed until Phase II due to permitting issues relating to caribou habitat.\"Daniels HarbourCanstar is also continuing its exploration program at its Daniel's Harbour Project. The Company holds a dominant land position surrounding the former Daniel's Harbour mine, where 7 million tonnes ...