House and Home House and Home
Wed, April 15, 2009
Tue, April 14, 2009

Canstar Resources Inc.: Canstar Acquires New Claims Adjacent to Mary March Property


Published on 2009-04-14 05:15:31, Last Modified on 2009-04-14 05:16:01 - Market Wire
  Print publication without navigation


TORONTO, ONTARIO--(Marketwire - April 14, 2009) - The directors of Canstar Resources Inc (TSX VENTURE:ROX) are pleased to announce that the Company has acquired by staking, 100 % interest in mineral claims totaling 850 hectares adjoining the corporation's Mary March property in the Buchans area, Newfoundland and Labrador. The new claims are located to the north and east of the property and may cover a portion of the eastward extension of the volcanic stratigraphy which hosts the high grade base and precious metals deposits.

As previously reported, a title dispute between the Newfoundland and Labrador Mineral Recording Office and Vinland Resources on the core portion of the property is in the final stage of a hearing by The N L Mineral Rights Adjudication Board, which has set May 19th and 25th for filing of documents and final arguments, following which a final resolution is expected. Canstar directors look forward to a positive decision from this hearing and subsequent resumption of exploration on the property.

With regard to Canstar's news release dated February 9th, 2009, in paragraph 5, reference was omitted regarding the expiry date for newly granted options. The expiry date is January 6th, 2014, in respect of the options granted on February 2nd, 2009.

Harry J. Hodge, P.Eng. is the qualified person for all technical information in this release. To find out more about Canstar Resources, visit our website at [ www.canstarresources.com ].

On behalf of the Board of Directors

Harry J. Hodge, P.Eng.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Similar House and Home Articles