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Dark Star Minerals Announces Definitive Option Agreement for Uranium Assets Located in the Central Mineral Belt of Newfoundland and Labrador
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2024) - DARK STAR MINERALS INC. (CSE: BATT) (the "Company" or "Dark Star") is pleased to announce th
About this update from Dark Star Minerals, Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - November 14, 2024) - DARK STAR MINERALS INC. (CSE: BATT) (the \"Company\" or \"Dark Star\") is pleased to announce that, further to the Company's news releases dated July 3, 2024 and October 18, 2024, it has entered into a definitive option agreement (the \"Option Agreement\") dated November 14, 2024 with Cronin Exploration Inc. (\"Cronin\") for the acquisition of up to 100% of Cronin's right, title and interest in and to certain mineral claims commonly know as the Ghost Lake claims located in the Province of Newfoundland and Labrador (the \"Ghost Lake Property\" or \"Property\"). Marc Branson, President, Chief Executive Officer and a director of Dark Star, states: \"With the renegotiation of the proposed terms for the Company's acquisition of the Ghost Lake Property now complete, we are eager to explore the potential of the Ghost Lake Property. Located in the prolific Central Mineral Belt (\"CMB\") of Labrador, the Company looks forward to building upon historical exploration on the Property under the reasonable terms of the Option Agreement. We are very excited to potentially have added a great uranium project to our exploration asset portfolio.\" About the Ghost Lake Property Located in the prolific Central Mineral Belt (\"CMB\") of Labrador, the Ghost Lake Property consists of 28,575 ha of contiguous claim blocks. The Property is bound on three sides (N, W, E) by properties held by Atha Energy Corp. (collectively, the \"Atha Properties\") and overlaps structural trends with known deposits such as Paladin Energy Ltd.'s (\"Paladin Energy\") Michelin Uranium Project and Labrador Uranium Inc.'s Mustang Lake and Jacques Lake deposits. The CMB is a diverse geological environment and is host to widespread uranium mineralization. The neighboring Atha Properties host a number of uranium deposits, including the Anna Lake, Moran Lake, and Mustang Lake deposits while Paladin Energy hosts the Michelin Uranium Project. Targets on the Ghost Lake Property focus on areas of Radiometric Uranium highs over 0.5km2 from regional airborne surveys. Primary targets include: Anomaly 24_1, an uranium radiometric anomaly in proximity to historic uranium lake sediment samples, and Anomaly 24_3 (~15km2 ), which is located along the western margin of Ghost Lake and covers historic \"Anomaly B\". The Propert...