Canstar Commences Drilling on the Kenora Gold Project, Kenora, Ontario
Toronto, Ontario - December 14, 2016. Canstar Resources (“Canstar” or “the Company”; TSX.V: ROX) is pleased to announce the commencement of drilling on the Company’s 100% owned Kenora Gold Project, located 9 kilometers east of Kenora, Ontario. The program will be comprised of a minimum of 1,000 meters and will be the first of several phases of drilling anticipated on the project heading into 2017. The Company has already commenced with ground preparation including additional stripping and trenching following recently announced results including the discovery of a gold bearing felsic zone with grab samples containing up to 1.4 g/t gold (see Company’s press release dates November 17, 2016).
This drilling program will follow up on the cumulative results that were collected during 2015 and 2016. These results include testing the Ace Showing located on a highly prospective structural trend (“Aviator trend”) whose results include surface channel samples of 29.3 meters (true width) averaging 3.1 g/t gold (see Company’s press release dated June 20, 2016). In addition the Company will test anomalies associated with the induced polarization (“IP”) geophysical program conducted this year which identified at least 11 geophysical targets. The Company’s permits will cover all proposed phases of drilling (see Company’s press release dated July 11, 2016).
Danniel Oosterman, President and CEO of Canstar, states: “We are excited to bring about this stage of work for the Kenora Gold Project, built upon months of diligent field work which has resulted in very strong targets going into the program. This first phase of drilling will not only allow us to test the Ace Showing at depth, but allow us to ascertain the effectiveness of the induced polarization survey in delineating gold mineralization in this area. These will be key metrics for the project going forward.”
Danniel Oosterman, P.Geo is President and Chief Executive Officer and is a Qualified Person as defined by NI 43-101 and is responsible for the technical information in this release.
On behalf of the Board of Directors,
Danniel J. Oosterman, P.Geo
President & CEO
Danniel J. Oosterman, P. Geo.
President & CEO
Director Corporate Communications
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.