Canstar Resources Announces Date Set for Final Summations on Mary March Property Dispute Hearing
TORONTO, ONTARIO, Mar 6, 2009 (Marketwire via COMTEX News Network) - The Board of Directors of Canstar Resources Inc. (TSX VENTURE:ROX) has been advised that the Mineral Rights Adjudication Board for Newfoundland and Labrador has set the earliest available dates, May 11th, 2009 for filing of documents and May 25th for final arguments in the property dispute between the Newfoundland and Labrador Mineral Recorders office and Vinland Resources Inc. on the Mary March copper-lead-zinc-gold-silver property in the Buchans Area.
Canstar directors are optimistic that a final and favourable decision will be reached following the completion of this hearing.
Canstar management is fully prepared to resume comprehensive exploration over this highly prospective, high grade property as soon as a favourable decision is handed down.
The Board also wishes to announce that David Palmer has resigned as President of Canstar but is continuing as a director.
Canstar Resources in a junior exploration company focused on base and precious metal exploration in eastern Canada. In addition to the Mary March property, and recently acquired CBS Project, the Company holds property in the McFauld’s Lake area of the James Bay Lowlands of Ontario, proximal to the high-grade nickel-copper-PGE discovery of Noront Resources. The McFauld’s Lake property comprises 70 claims covering 1,120 hectares of the McFauld’s Lake volcanic belt, and is under a joint venture agreement with United Reef Limited.
Harry J. Hodge, P.Eng. is the qualified person for all technical information in this release. To find out more about Canstar Resources, visit our website at www.canstarresources.com.
On behalf of the Board of Directors
Harry J. Hodge, P.Eng.
This News Release includes certain “forward-looking statements”. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Canstar, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Canstar’s expectations are exploration risks detailed herein and from time to time in the filings made by Canstar with securities regulators.
SOURCE: Canstar Resources Inc.
Canstar Resources Inc.
Manager, Corporate Affairs
Harry J. Hodge, P.Eng.