Business
Canstar Resources Delineates New Targets Over Extensive 1.6 Kilometer Geophysical Trend
TORONTO, ONTARIO--(Marketwired - July 11, 2016) - Canstar Resources (Canstar) (TSX VENTURE:ROX) is pleased to announce results from the completion of a geophysi
About this update from Canstar Resources Inc.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - July 11, 2016) - Canstar Resources (Canstar) (TSX VENTURE:ROX) is pleased to announce results from the completion of a geophysics survey on its Kenora Gold Project. The Company conducted an induced polarization (\"IP\") survey in May and June of 2016 over the Company's Ace Showing as well as the geological trend inferred by previous work. The IP survey delineated a number of prospective features: A series of chargeable-resistive anomalies that run parallel to a known major structure; these anomalies trend over 1.6 kilometer distance, currently comprised of 11 targets at various depths; The \"Ace\" Showing falls on this trend and has a coincident chargeable-resistive anomaly; the Company recently announced results from the Ace Showing including a 29.3 meter channel sample with a gold grade of 3.1 g/t (see Company's press release dated June 20, 2016); A long, continuous anomaly can be observed extending for 900 meters on this trend A second, previously unexplored anomaly branching off the known mineralized trend to the southwest, which extends a minimum 300 meters with 3 continuous anomalies; A third previously unexplored trend located at the northwest portion of the property which extends for 500 meters; this trend appears to occur at shallow depths and extends to approximately 150 meters depth; A summary of these trends is tabulated below: Lines Depth Length Location Details L1+00-L5+00 0 to -150m 500m West grid High chargeability, high resistivity trend plunging to NE L1+00-L3+00 -25 to -50m 200m East grid High chargeability, high resistivity trending NE L5+00-L14+00 -25 to -150m 900m East grid High chargeability, variable resistivity trending NE - Ace Showing falls on this trend L12+00-L15+00 -50-150m 300m East grid ENE branch from large 1.5km trend, similar character L4+00-L5+00 -100-150m 100m East grid Possible down-plunge of L5+00-L14+00 anomaly IP surveys are designed to test the chargeability and resistivity of subsurface minerals, such as those that may be associated with gold mineralization. As with many gold deposits worldwide, gold mineralization in Kenora that has been observed to date is associated with two characteristics: An association with quartz veins An association with disseminated sulphide mineralization; The resistive properties of quartz veins are well understood, tending t...