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Canstar Resources Inc.
Summary
| Project: | Kenora | |
|---|---|---|
| Deposit: | Kenora | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-3-2017: Canstar Resources Inc. announces an Exploration/Drilling Update report for its Kenora deposit at the Kenora project. Drilling results incl. 22m @ 0.5g/t Au from 43.0m. Canstar Resources Inc. (TSX.V:ROX) (“Canstar”) is pleased to announce result | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Danniel Oosterman (Internal) | |
| ABSTRACT: | Canstar Resources Inc. (TSX.V:ROX) (“Canstar”) is pleased to announce results for the first phase of diamond drilling at its 100% owned Kenora Gold Project, located in the Wabigoon Subprovince near Kenora, Ontario, Canada. Canstar completed an 8- hole, 1,062 meter exploratory drilling program in early February of 2017. The 22 meter zone intercepted in KG-17-08 occurs 146 meters northeast of the Ace Showing and thus represents a new zone on the property and a significant continuation of trending mineralization. This first phase drill program represents the first drilling in the area in over a century. The program focused on the Project’s “Aviator Trend” which hosts the Ace Showing, a wide, surface gold discovery which returned 29.3 meters of 3.1 g/t gold in channel sampling. Results from this drilling suggest the presence of one or multiple gold zones associated with the Ace system, however, the surface showing could not be drilled directly due to access issues. As such, the Company made a significant step-back 36 meters southwest of the showing in order to test the Ace at depth. The program was successful in intercepting several zones of low-grade mineralization at depth, interpreted to be associated with the Ace Showing. A second phase drill program, expected to commence later this month, will better delineate the gold zones and provide a better understanding of the mineralized system. The Ace Showing remains a high priority target and a smaller drill rig will be commissioned in order to overcome the access issues encountered in the first program. | |
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