Canstar Resources Inc. is pleased to announce that it has completed a non-brokered private placement of 4,200,000 common shares of the Company at C$0.05 per Common Share for total gross proceeds of C$210,000 . The Company intends to use the net proceeds raised from the Offering for general working capital purposes. The Offering is subject to the final approval of the TSX Venture Exchange. Securities issued pursuant to the [...]
Canstar Resources Inc. announces that it has completed a transaction pursuant to which it sold to Angus Ventures Inc. all of its interests in mining rights to certain mineral claims in the Red Lake district in the Province of Ontario . Under the terms of the Transaction, Angus has acquired all of Canstar’s interest in the Slate Bay Property, being 75% mining rights interest in the Slate Bay Property, in [...]
Canstar Resources Inc. announces that Christos Doulis has resigned from his position as President and Chief Executive Officer of the Company with immediate effect. The Company wishes Mr. Doulis well in his future endeavours. Dennis H. Peterson, the Chairman of the Board, will assume the position of interim President and Chief Executive Officer of the Company until a permanent replacement is appointed. About Canstar [...]
Canstar Resources Inc. is pleased to announce, as part of its summer 2019 field program at Buchans-Mary March, the discovery of a new high-grade copper-gold massive sulphide occurrence, at surface, approximately 1.8 km along strike of the historic Mary March discovery hole, representing a new massive sulphide in bedrock discovery in the Buchans Camp. The bedrock occurrence consists of a 4.5 m wide attenuated and strongly [...]
Canstar Resources Inc. is pleased to provide results from its recently completed Phase I exploration program at the Mary March Joint Venture where Canstar is the operator and majority partner with Glencore . Phase I Drilling and downhole EM at Buchans-Mary March Phase I consisted of 1,901 metres of drilling in five drill holes as outlined in Figure 1 as well as downhole EM surveys on three of the five drill holes. As [...]
Canstar Resources Inc. is pleased to announce the appointment of Kerry Sparkes, M.Sc., P. Geo, to the Company's Advisory Board. Mr. Sparkes currently holds the role of Vice President-Geology for Franco-Nevada Corp. and was previously Vice President-Exploration at Rainy River Resources Ltd., Vice President-Exploration at Messina Minerals Inc., Senior Geologist at Voisey's Bay Nickel Co. Ltd., Exploration Manager of Archean [...]
Canstar Resources Inc. is pleased to provide an exploration update on its properties in Newfoundland. Buchans-Mary March Canstar Resources has engaged Cabo Drilling Corp. to undertake Phase I drilling scheduled to commence at the beginning of January, 2019, on the Buchans-Mary March property located in central Newfoundland. Historical drill results from Mary March include a high-grade massive sulphide intersection in [...]
Canstar Resources Inc. or is pleased to announce the appointment of Bob Patey as Vice President of Exploration, effective November 1, 2018; and to provide an exploration update on its properties in Newfoundland. Mr. Patey holds a B.Sc. Honours in Geology from Memorial University of Newfoundland and is a Professional Geologist registered with the Professional Engineers and Geoscientists Newfoundland & Labrador . Bob has [...]
Canstar Resources Inc. announces that a total of 1,300,000 options to purchase common shares of the Company are being granted to an officer and a consultant at an exercise price of $0.30 per share, expiring on September 4, 2023. The grant is subject to regulatory approval and vesting requirements. On behalf of the Board, Christos Doulis, President & CEO About Canstar Resources Canstar Resources is a Canadian mineral [...]
Canstar Resources Inc. is pleased to provide a corporate update and announces its 2018 exploration programs in Newfoundland and Labrador, Canada. Corporate Update As announced in the press releases of July 31, 2018 and August 14, 2018, Canstar has completed the acquisition of the Newfoundland polymetallic exploration assets of Adventus Zinc Corp. and the Daniel's Harbour zinc project from Altius Resources Inc . In [...]
Canstar Resources Inc. is pleased to announce that following the completion of the acquisition of the Newfoundland base-metal exploration assets of Adventus Zinc Corp. and the Daniel's Harbour zinc project from Altius Resources Inc. , the Company has completed a consolidation of its shares on a five-for-one basis whereby shareholders of the Company will receive one post-consolidation common share of the Company for each [...]
Canstar Resources is pleased to announce that together with [wp=3304]Adventus Zinc and Altius Minerals, it has completed the acquisitions previously announced on February 21, 2018, April 18, 2018, May 31, 2018 and July 18, 2018, pursuant to which Canstar acquired the Newfoundland base-metal exploration assets of Adventus and the Daniel's Harbour zinc project from Altius . The Transaction has been conditionally accepted by the TSX [...]
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