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Aeromagnetic Survey Commissioned over the Mackenzie Mountains Iron Property
Jun. 22, 2011 (Filing Services Canada) -- Coltstar Ventures Inc.  (CTR - TSX Venture)...
About this update from Metallis Resources Inc.
[{"type":"text","content":"\nAeromagnetic Survey Commissioned over the Mackenzie Mountains Iron Property\n\n Jun. 22, 2011 (Filing Services Canada) -- Coltstar Ventures Inc.  (CTR - TSX Venture), is pleased to announce that it has retained Fugro Airborne Surveys Corp. to conduct an airborne magnetic survey over its recently expanded, 108,000 hectare iron property in the Mackenzie Mountains, Northwest Territories, Canada.  The Mackenzie Mountains Iron Project (the Project) covers an area extending south east for 170 kilometres from the southern boundary of Chevron's Crest iron deposit (which has a historical, drill indicated resource estimate of 5.6 billion tonnes @ 47.2% Fe and a regional resource estimate exceeding 18 billion tonnes).  The Project covers the mapped Rapitan Group (Rapitan) - the iron bearing rock formation that hosts the Crest iron deposit.Geochemical sampling undertaken by the Canadian government and Coltstar within the Project area, between 2008 and 2010, has resulted in the delineation of anomalous clusters of iron-in-silt values (each over 10 kilometres long) interspersed throughout the property.  These anomalous clusters are coincident with the mapped Rapitan.  (For more information, please visit www.MackenzieIron.com) The aeromagnetic survey marks the first stage of an aggressive multiphase exploration program being undertaken during the 2011 season, including:  Airborne Survey - July 2011 In the first week of July, Fugro Airborne Surveys will commence a 4,200 kilometre (300 metre line spacing) helicopter-borne magnetic survey utilizing a stinger-mounted single sensor magnetic system.  Patterson, Grant & Watson Ltd. will be working with Fugro to ensure quality assurance and quality control during the data acquisition. The main objectives of the airborne survey are: * To determine how far the Crest iron deposit extends onto Coltstar's property; * To confirm, and define, the extent of several additional targets that have been identified through a data compilation program.  These targets exhibit similar geological features to the Crest deposit and are interspersed throughout the length of the project; and* To identify additional iron targets. The identified targets are particularly attractive, given that the observed iron formation within these areas are as...