Business
Dark Star Announces Acquisition of Uranium Project with Historical Resource in Northern Saskatchewan
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - DARK STAR MINERALS INC. (CSE: BATT) (FSE: P0W) (the "Company" or "Dark Star") is pleased to announce that it has entered into a non-binding Letter of Intent dated March 31, 2025 ("LOI") with two arms length vendors (together, the "Vendors") to acquire a 100% interest in the Bleasdell Lake uranium project (the "Bleasdell Project" or "Project") consisting of over 515 Hectares in Northern Saskatchewan, Canada ...
About this update from Dark Star Minerals, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - DARK STAR MINERALS INC. (CSE: BATT) (FSE: P0W) (the "Company" or "Dark Star") is pleased to announce that it has entered into a non-binding Letter of Intent dated March 31, 2025 ("LOI") with two arms length vendors (together, the "Vendors") to acquire a 100% interest in the Bleasdell Lake uranium project (the "Bleasdell Project" or "Project") consisting of over 515 Hectares in Northern Saskatchewan, Canada (the "Acquisition").","length":564,"tagName":"p"},{"type":"text","content":"The Project has had significant historic exploration and development including a historic deposit consisting of 620,700 lbs of U3O8 delineated by over 148 drill holes drilled to various depths between 22.9 meters (75 feet) and 149.4 meters (490 feet) for a total of 3,738.6 meters (12,265.9 feet) with a historical report outlining the main 'Horn zone' as "1,030 feet long and 25-30 feet wide" with assays up to .54% U3O8.","length":440,"tagName":"p"},{"type":"text","content":"The 1957 Bleasdell Lake historic resource was disclosed in a shareholder report for Columbia Metals Exploration Co. Ltd., dated Nov. 9, 1957. There is no technical report. The historic resource is relevant to the potential of the Bleasdell Lake property and is reliable as it was calculated to the standards of the day. The estimate was based on closely spaced shallow drill holes and more widely spaced deeper drill holes. The calculations, methods or parameters were not disclosed in the shareholder report. The resource would be comparable with a current inferred resource. There are no more recent estimates though subsequent geologists visited the property in the 1960s and 1970s, confirming the showings and the drilling was completed. The company will need to twin a significant number of the historic drill holes to upgrade or verify the historical estimate as current mineral resources.","length":895,"tagName":"p"},{"type":"text","content":"Drill Permits are pending for 4,000 meters (13,123.4 feet) of resource confirmation and expansion drilling. (See Figure 1).","length":123,"tagName":"p"},{"type":"text","content":""We are excited at the opportunity to acquire the Bleasdell Project along with its hosted historical expandable deposit...