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Dark Star Minerals Announces Letter of Intent to Purchase Uranium Assets in the Central Mineral Belt of Newfoundland/Labrador
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2024) - DARK STAR MINERALS INC. (CSE: BATT) (FSE: P0W) (the "Company" or "Dark Star") is pleased to annou
About this update from Dark Star Minerals, Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 3, 2024) - DARK STAR MINERALS INC. (CSE: BATT) (FSE: P0W) (the \"Company\" or \"Dark Star\") is pleased to announce that the Company has entered into a letter of intent (the \"LOI\") to acquire (the \"Acquisition\") all of the outstanding share capital of Ghost Lake Mining Corp (\"Ghost Lake\"). Ghost Lake holds an option to purchase a 100 % interest in the Ghost Lake mining claims (the \"Property\"). Marc Branson, President, Chief Executive Officer and a director of Dark Star stated: \"We are very excited to expand our exploration prospects into Uranium. This purchase will give the Company the ability to be on the forefront of exploring for critical minerals and fulfilling our mission of creating Canada's energy independence through exploration\". About the Property and Central Mineral Belt 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. (the \"Atha Properties\") and overlaps structural trends with known deposits such as Paladin Energy Ltd.'s Michelin Project, Labrador Uranium Inc.'s, and the 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 deposits while Paladin Energy hosts the Michelin Uranium Project. Mineralization on the neighbouring properties is not indicative of potential mineralization on the Ghost Lake Property. 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 property wide northeast trending corridor is prospective for structurally related uranium mineralization. The corridor is defined by anomalous uranium lake sediment samples, along a north east trending fault that transects the peripheries of radiometric anomalies. The claims overly the southern margin of the CMB, a north...