Canstar Resources (Canstar) is pleased to announce the commencement of a borehole electromagnetic survey ("BHEM") at its Joint Ventured Mary March Project, located near Buchans Junction, Newfoundland. The survey will test for the continuation of the massive sulphide mineralization and thick stockwork mineralized zone encountered in its fall 2013 drilling program (see Company's press release dated January 21st, 2014).
Danniel Oosterman, President and CEO, remarks "With the completion of a successful drilling program that intercepted different styles and widths of mineralization, there is now a strong indication from the geology that we are proximal to the volcanic centre where one would expect these types of deposits to form. An off-hole anomaly from this survey would support this hypothesis and generate excellent targets for future drilling programs."
The drillholes that will be surveyed cover the two primary areas of the project, Nancy April and Mary March, which have returned significant mineralization and strong indications of a sizeable, long-lived, hydrothermal system. The fall 2013 drilling program successfully proved that both the Mary March mineralization and the Nancy April mineralization extend at least in one direction, with a possibility for further extension in a number of directions.
The design of the survey, which involves loop-wire configurations through which an electric current is charged, has been tailored to suit massive sulphide and stockwork mineralization of this type. Geophysical anomalies in these areas would represent very high priority targets for future exploration on the property.
Danniel Oosterman, P.Geo, is President and Chief Executive Officer and is a Qualified Person as defined by NI43-101 and is responsible for the technical information in this release.
On behalf of the Board of Directors,
Danniel J. Oosterman, P.Geo President & CEO
Source: http://www.canstarresources.com/