Apr 9 2013
Archean Star Resources Inc. (the "Company" or "Archean") announces that the size of the Monitor Property in the Coeur D'Alene Mining District, Idaho has increased from 20 claims to 105 claims or 2,100 acres (approximately 840 ha) by staking.
The newly staked claims are within the Monitor Agreement Area of Interest under which the Company is including the claims into the Agreement. In summary;
- "Archean has substantially increased land holding around its flagship Monitor project"
- "Total of 85 new claims added"
- "Extensive soil copper anomalies in new claims"
- "Historic Wampum mine included in new claim additions"
With the inclusion of the newly staked claims, the Monitor Claims now encompass not only the Monitor and Richmond claims, where historic smelter returns for the period 1900 through 1910 were reported from the Puget Sound, WA, smelter as being approximately 1,500 tons at an average 15% Cu, 0.24 opt Au and 0.76 opt Ag, but now also includes the historic reported copper bearing Wampum claims to the south, along with extensions of the Monitor/Richmond/Wampum zones along strike to both the east and west. Also included is an area where copper mineralization has been identified at surface on new logging roads on vein-strike to the west of the Monitor shaft.
The new claims also include the historic Richmond mine tramway terminus, where the copper bearing ore was loaded for shipment on the historic Chicago, Milwaukee, Puget Sound railway and where a historic ore dump of undetermined size yet remains. The opening to the Monitor adit lies near the tramway terminus. This adit, constructed during the 1920's, reportedly intersects the Monitor vein at a distance of 3,960 feet northeast of its opening. This intersection lies approximately 4,500 feet west of, and approximately 1,800 feet lower than, the collar of the 700-foot-deep Monitor mine shaft.
With the addition of the new claims, the Company has now acquired ground that would include any substantial westward extensions of the known Monitor, Richmond, and Wampum veins. It also includes ground with extensive soil copper anomalies.
Archean Star Resources Inc., is a junior exploration company listed on the TSX Venture Exchange that is creating shareholder value by earning, through its wholly owned subsidiary, Archean Star Resources Australia Pty Ltd, 100% of Teck Australia Pty Ltd.'s ("Teck") interest, subject to a 75% back in right in such interest to Teck, in Chalice Gold Mines Limited's Gnaweeda Gold Project in Western Australia. The Company is also earning an 80% interest in AMCOR's Monitor Copper,Gold and Silver project in the Coeur D'Alene Mining District in Idaho.
This News Release has been prepared on behalf of the Archean Star Resources Inc. Board of Directors, which accepts full responsibility for its contents. The contents of this news release has been reviewed and approved by Dr. Clay Conway, P.Geol, a Qualified Person as recognized by National Instrument NI-43-101, and a director of the Company.
ON BEHALF OF THE BOARD
Graeme O'Neill, President
Source: http://www.archeanstar.com/