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South Star Mining Corp.
Summary
| Project: | Santa Cruz | |
|---|---|---|
| Deposit: | Santa Cruz | |
| Location: | Brazil | |
| Commodities: | Graphite | |
| Date: | 1/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-1-2019: South Star Mining Corp. announces an Exploration/Drilling Update report for its Santa Cruz deposit at the Santa Cruz project. Drilling results incl. 49.6m @ 3.45% Cg. January 21st, 2019 – Vancouver, B.C. - South Star Mining Corp. (“South Star” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Richard Pearce (Internal) | |
| ABSTRACT: | January 21st, 2019 – Vancouver, B.C. - South Star Mining Corp. (“South Star” or the “Company”) (TSXV: STS) (OTCQB: STSBF) is pleased to announce that it has received the complete assay results from the 2018 exploration program (Program) at its Santa Cruz Graphite Project (Project) in Bahia, Brazil. The field investigations portion of the Program was completed in December of 2018. The Company’s previously released PEA (see News Release dated 10/23/2017) reported Indicated Resources of 14,990,400 tons @ 2.70% Cg and Inferred Resources of 3,572,100 tons @ 2.90% Cg. With the goal of moving towards production in 2020 using a trial mining license and a pilot plant, South Star’s 2018 exploration program was focused on the São Manoel and São Rubens targets of the Project. The Program included surface trenching along with 531.65 meters of diamond (8 holes - HQ) and 1288.25 meters (32 holes) of reverse circulation (RC) drilling. The majority of the 2018 Program concentrated along 700 meters of strike at the São Manoel target, where previous exploration programs indicated significant graphite mineralization. The Program was designed to test lateral extents and depth of mineralization along this target, and completed work included all the trenching, 7 diamond holes, and 27 RC holes. The São Rubens portion of the Program was focused on upgrading the resources in that area to allow for future mine planning flexibility and consisted of 1 diamond hole and 5 RC holes. | |
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