Business
High Resolution Magnetic Survey Confirms Multi-Kilometre Structures at Canstar's Facheux Bay Gold Target
(TheNewswire) Toronto, ON - TheNewswire - May 24, 2023 - CANSTAR RE...
About this update from Canstar Resources Inc.
[{"type":"text","content":"High Resolution Magnetic Survey Confirms Multi-Kilometre Structures at Canstar's Facheux Bay Gold Target\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Toronto,\n \n \n ON\n \n \n \n -\n \n \n \n TheNewswire -\n \n \n May 24, 2023 -\n \n \n CANSTAR RESOURCES INC.\n \n \n (TSXV:ROX\n \n \n )\n \n \n (\n \n \n OTC:CSRNF)\n \n \n (“\n \n \n Canstar\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n \n \n is pleased to announce that it has received the\nresults of a high resolution airborne magnetic-VLF survey conducted\nearlier this year on the Company’s Facheux Bay target on the\ndistrict-scale Golden Baie project in south-central Newfoundland.\n Golden Baie is located at the southern portion of the central\nNewfoundland orogenic gold belt.\n \n \n \n \n The airborne survey was completed by ALS GoldSpot\nDiscoveries Ltd. using its proprietary helicopter-based\nMulti-Parameter Airborne Survey System (“M-PASS”), which consists\nof a triaxial magnetic gradient magnetic/VLF platform and 2048-channel\nradiometric sensor. The M-PASS survey utilized 50 metre (“m”) line\nspacing, resulting in high resolution magnetic and VLF data capture.\n \n \n The M-PASS survey represents the first ever\ngeophysical data collected in the Facheux Bay area and\n \n \n will aid in the geological interpretation and guide planned\nexploration work later this year.\n \n \n \n \n The M-PASS survey results confirm that the structure\nhosting high grade gold outcrop samples, collected in 2022 and\ndiscussed below, has approximately 8 kilometres (“km”) of\npotential strike length. In addition to this 8 km trend, the survey\nhighlights potential parallel structures, cross-structures and folded\nsequences that have not yet been systematically prospected. Detailed\nmapping and sampling work will be done in the summer of 2023 to define\npriority drill targets at Facheux Bay.\n \n \n \n \n Matthieu\n \n \n Lapointe, Vice President\nExploration, stated: “\n \n \n The\nFacheux Bay area at the southern end of the Golden Baie project has\nnever been systematically explored for gold, despite its compelling\nlocation at the intersection of two major structures, the Day Cove\nThrust and the Hermitage Flexure.  Our team’s reconnaissance\ne...