Canstar Resources Inc. is pleased to announce new assay results from six diamond drill holes from the 2021 drill program on the Golden Baie project in south Newfoundland. Drill holes reported are from the recently discovered Kendell prospect, located near the centre of the 62,175 hectare Golden Baie claim block. Assay results for an additional 22 drill holes, collared further to the NW and testing the down-dip extension [...]
Canstar Resources Inc. & announces that its board of directors approved the adoption of an advance notice by-law , establishing a framework for advance notice of nominations of directors by shareholders of the Company . Among other things, the Advance Notice By-law fixes certain deadlines by which Shareholders must submit a notice of director nominations to the Company prior to any annual or special meeting of [...]
Near-surface intercepts of 8.9 g/t Au over 4.0 m and 9.7 g/t Au over 3.8 m Toronto, October 20, 2021 - Canstar Resources Inc. & is pleased to announce assay results from six diamond drill holes completed as part of the recently completed 5,734 meter 2021 drill program on the Golden Baie project in south Newfoundland. Drill holes reported are from the recently discovered Kendell prospect, located near the centre of the [...]
Canstar Resources Inc. & is pleased to announce that it has hired Matthieu Lapointe, P.Geo, as Vice President, Exploration, effective immediately. Mr. Lapointe, P.Geo. has over 15 years of greenfield and brownfield precious metal exploration throughout Canada and internationally. Most recently Mr. Lapointe was VP Exploration at Labrador Gold Corp., where he led the team that discovered the Big Vein on the Kingsway [...]
Canstar Resources Inc. is pleased to announce assay results from the first two holes of its 5,000 metre diamond drill program on the Golden Baie project in south Newfoundland. Holes GB-21-01 and GB-21-02 were drilled from the same pad at the Kendell Target, located in the centre of the 62,175 hectare claim package . These holes were drilled to intersect the downdip projection of significant quartz veining in a surface [...]
Eric Sprott announces that today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, has purchased 6,934,537 common shares of Canstar Resources Inc., completing the second tranche of the private agreement transaction , at a price of $0.375 per Share for aggregate consideration of $2,600,451. The purchase of 6,934,537 Shares represent an increase of approximately 6.7% of the outstanding Shares on a [...]
Adventus Mining Corp. is pleased to announce that it has entered into an agreement with 2176423 Ontario Ltd., a private company controlled by Eric Sprott, to sell 17,336,339 common shares of Canstar Resources Inc. at a price of $0.375 per Share for gross proceeds to Adventus in the amount of $6,501,127.12 . Christian Kargl-Simard, President and CEO of Adventus commented, "We are excited at the ongoing momentum and success [...]
Canstar Resources Inc. is pleased to announce that it plans to double the size of the diamond drill program that commenced on its Golden Baie Project on June 8, 2021. The Company now plans to drill approximately 5,000 metres this summer based on positive visual observations of drill core in the initial holes drilled. Assay results for the first drill hole samples are expected in late July. Drilling to date has focused on [...]
Canstar Resources Inc. & is pleased to announce that diamond drilling has commenced at its Golden Baie Project in southern Newfoundland. The Company is also pleased to report that its recently commenced field exploration activities have already yielded several new significant discoveries on the Golden Baie Project. Commencement of Diamond Drill Program Canstar contracted Majors Contracting Ltd. of Deer Lake, Newfoundland [...]
Highlights: - $1.5 million exploration program includes diamond drilling, May 25, 2021 - Canstar Resources Inc. & is pleased to announce details of its 2021 exploration program on the Golden Baie Project in southern Newfoundland. The exploration program is budgeted for $1.5 million and will include at least 2,500 metres of diamond drilling, which will be the first drilling on the property in over a decade. Subject to [...]
Canstar Resources Inc. & is pleased to announce that it has completed its previously announced non-brokered private placement, consisting of the sale of 13,157,895 units at a price of $0.19 per Unit for aggregate gross proceeds of $2,500,000.05 . Each Unit consists of one common share in the equity of the Company and one share purchase warrant . Each Warrant will entitle the subscriber to purchase one additional Common [...]
Canstar Resources Inc. & is pleased to announce a non-brokered private placement offering for aggregate gross proceeds of up to $2,500,000 through the issuance of units of the Company at a price of $0.19 per Unit. Each Unit will consist of one common share and one common share purchase warrant . Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.25 for a period of 24 months from the [...]