Canstar Resources is pleased to announce key gold exploration targets for the upcoming 2023 field season on the district-scale Golden Baie project in south-central Newfoundland. Regional exploration work done to date on the Golden Baie claims has identified extensive surface gold anomalies that span 100 km along the same major fault corridor as the Queensway project. The size and distribution of gold anomalies on the [...]
Canstar Resources announces that a total of 2,475,000 options to purchase common shares of the Company are being granted to officers, directors, contractors, and employees at an exercise price of $0.06 per share, expiring on March 24, 2028. The grant is subject to regulatory approval and vesting requirements. About Canstar Resources Inc. Canstar Resources has a very experienced technical team and board who are focused on [...]
Canstar is pleased to announce assay results from diamond drilling on its Golden Baie project in south-central Newfoundland, which took place in the fall of 2022. Drilling tested six target areas, including Kendell, Hillside, 97 West, Northbrush, Osprey, White Out and Wolf Pond along a ~15 km prospective trend. In total, 6,471 m were drilled in 51 holes. Notable drill intercepts are provided in Table 1 and full results [...]
Canstar Resources Inc. is pleased to provide an update on the ongoing exploration programs at its properties in southcentral Newfoundland. The diamond drilling program that commenced in mid-September is ongoing and expected to be completed at the end of this week. Assay results are pending from more than 50 drill holes in approximately 6,200 metres worth of drilling at the Kendell prospect and targets at Hillside-Skidder [...]
Canstar Resources Inc. reports the results from all matters submitted to shareholders at the Company's annual general meeting of shareholders held on December 5, 2022. All of the management nominees for election of director were elected and MNP LLP was re-appointed as the Company's auditor. The resolution pertaining to the approval of the rolling stock option plan of the Company was not approved by a majority of [...]
Canstar Resources Inc. is pleased to announce that it has commenced drilling on its Golden Baie project. This is the third drill program by the Company on the Golden Baie project. Planned drilling will test six target areas, including follow up on winter drilling at the Kendell prospect, which returned near-surface intercepts including 20.6 grams per tonne gold over 3.5 metres . To date, gold mineralization at the Kendell [...]
Canstar Resources Inc. is pleased to provide an update on gold exploration work on its properties. Since completing a successful winter drill program on the Kendell prospect in March, the Company's exploration team has been focused on regional exploration and drill target generation on the Hermitage, Swangers Cove and Golden Baie claim blocks. As of the end of July, approximately 42 stream sediment samples, 1,541 soil [...]
Canstar Resources Inc. is pleased to announce that it has acquired a total of 658 additional mineral claim licenses, covering 16,450 hectares, in south-central Newfoundland. The claims have been acquired through a combination of map staking by Company personnel and acquisition from several third-party claim holders. With these additional claims, Canstar now controls a total of 939 square kilometres or 93,875 hectares of [...]
Canstar Resources Inc. is pleased to announce new assay results for diamond drilling at the Kendell prospect on its Golden Baie property in south-central Newfoundland. Drilling took place in February and March 2022 and consisted of 2,907 metres in 39 holes. Notable drill intercepts are provided in Table 1 and full results are in Table 2 at the end of this release. Table 1 - Notable intercepts from the 2022 Kendell [...]
Canstar Resources Inc. is pleased to announce final 2021 exploration results and the commencement of the 2022 field season on its Golden Baie and Hermitage properties in Newfoundland. Highlights of the 2021 field program on Golden Baie are provided below. Multiple new gold occurrences identified 2021 prospecting included the collection of more than 1,600 grab samples, including outcrop samples grading up to 35.5 g/t [...]
Canstar Resources Inc. is pleased to announce assay results from the final 26 drill holes completed in 2021 and the results of the first systematic till sampling program on the Golden Baie property in south-central Newfoundland. Highlights include: Additional high grade gold drill intercepts 26 reconnaissance drill holes, totalling 3,125 metres, were completed at the Hillside, Skidder, Poly, Mag and Blow Out targets in [...]
Canstar Resources is pleased to announce an update on the winter drill program at the Kendell prospect, located in the central portion of its Golden Baie claim block which is at the southern end of the emerging Newfoundland gold belt. Based on preliminary results, the Company is also pleased to announce that the winter drill program has been increased to 3,000 metres of diamond drilling, a 50% increase from the original [...]