Eagle Star Makes Strategic Acquisition of Former Vale Phosphate Areas at Bomfim

Eagle Star Makes Strategic Acquisition of Former Vale Phosphate Areas at Bomfim 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/16/13 -- Eagle
Star Minerals Corp., (TSX
VENTURE:EGE)(PINKSHEETS:ELGSF)(FRANKFURT:E6R) ("Eagle Star" or "the
Company") is very pleased to announce the addition of a new
concession, 6,947 hectares in size, to its Bomfim land package. This
new concession, contains a target now named "Santiago", and was
previously held by mining giant Vale. Santiago is considered to be a
highly prospective area for hosting high-grade phosphate
mineralization and is strategically positioned between Eagle Star's
Bomfim Agro-mineral Project and MbAC Fertilizer's ("MbAC")
Itafos-Arraias SSP Project. In fact, on the southeast Santiago
borders the discovery site of MbAC's largest and highest grade ore
body - Canabrava containing 20.4 M tonnes indicated at an average
grade of 5.53% P2O5 and 3.7 M tonnes inferred at an average grade of
4.94% P2O5 (MbAC Technical Report dated March 27, 2013 available at
www.sedar.com). Canabrava is an adjacent property to the Bomfim
Project containing a deposit with the same deposit model as the
targets identified at Bomfim. With the addition of Santiago, the
Bomfim Project now comprises a total of 70,531 hectares along the
main phosphate belt of Brazil. 
Field evidence collected through Eagle Star's due diligence process
revealed the presence of substantially sized high-grade phosphorite
outcrops where multiple well spaced grab samples analyzed with
handheld XRF equipment returned values of over 19% P2O5 (upper limit
of equipment) as shown in the following table: 


 
TARGET    POINT_ID   UTM___E   UTM___N  ELEVATION    ROCK_CODE        P2O5 %
Santiago     WBF38    302430   8577341        643          FOS         17.78
                                                               greater than
Santiago     WBF39    302410   8577322        649          FOS            19
Santiago     WBF40    302402   8577289        654          SLT          7.55
                                                               greater than
Santiago     WBF40    302402   8577289        654          FOS            19
Santiago     WBF41    302532   8577333        652          FOS         16.09
Santiago     WBF42    302555   8577328        654          FOS         15.04
Santiago     WBF43    302523   8577295        659          FOS         16.50
Santiago     WBF44    302498   8577270        664          FOS         17.67
                                                               greater than
Santiago     WBF45    302466   8577228        668          FOS            19
                                                               greater than
Santiago     WBF47    302787   8577053        661          FOS            19
Santiago     WBF48    302651   8576796        658          FOS          4.83
                                                               greater than
Santiago     WBF50    302905   8577066        655          FOS            19
Santiago     WBF50    302905   8577066        655          FOS         16.81
                                                               greater than
Santiago     WBF52    302768   8577254        658          FOS            19
                                                               greater than
Santiago     WBF53    302562   8577250        667          FOS            19
Santiago     SBF01    301690   8577521        672          FOS            13
                                                               greater than
Santiago     SBF02    303906   8576436        663          FOS            19

 
These results suggest that the Canabrava ore body may extend onto
Eagle Star's newly acquired claims and that the Santiago target may
host a significant high-grade phosphorite zone similar to the
high-grade zones already identified on other targets in the Bomfim
Project area. 
To view a map of the Santiago claims please click here:
http://media3.marketwire.com/docs/EagleStar_0716.pdf  
CONCLUSIONS 
"The addition of this new claim clearly adds tremendous exploration
potential and strategic value to Eagle Star." Comments Eran
Friedlander President & CEO Eagle Star Minerals Corp. "Santiago has
been on our radar screen for quite some time now as it perfectly
meets all the technical requirements prescribed by the same
geological model that has led us to the discovery of the PZE South
portion of Bomfim Hill where we have just recently concluded a very
successful drill program. With its addition to our already existing
list of seven high priority targets, we believe that we are now
extremely well positioned to successfully execute on our strategy of
proving up multiple ore bodies at Bomfim similar to MbAC's Itafos at
the midst of the Cerrado region - the world's most strategic
agricultural location." 
DISCLAIMERS 
The reader is cautioned that mineralization identified at Canabrava
may not indicate that equivalent mineralization exists on Bomfim at
the Santiago target. 
Grab samples are by nature selective and the reader is cautioned that
they may not be representative of mineralized units on the Property. 
XRF readings were collected systematically following recommended
procedures of the manufacturer, Innov-X Systems. Prior to analysis,
the sample collected is homogenized, dried (using microwave oven) and
manually crushed to fine grain. The handheld XRF analyzer is an
Olympus Delta model and was calibrated according to Innov-X Systems
in-house calibration procedure. The Company conducts field XRF
analysis using industry recognized sample preparation and analysis
protocols, and has conducted sufficient quality control using the XRF
method to believe that although the method cannot be relied upon to
have the equivalent precision and accuracy of a certified analytical
laboratory, the results are of sufficient quality to direct
exploration pending analytical laboratory confirmation. 
John Harrop, P.Geo, FGS, of Coast Mountain Geological Ltd., a
qualified person under NI 43-101, reviewed and approved the technical
disclosures of this press release on behalf of the Company. 
ABOUT THE COMPANY 
Eagle Star Minerals Corp is a publicly listed company focused on the
acquisition, exploration and development of agro-mineral properties
in Brazil. Over the past two years, Eagle Star Minerals has
strategically grown its' presence in Brazil and continues to focus on
maximizing shareholder value by acquiring assets located in
geological areas known for proven phosphate mineralization, coupled
with good logistics in close proximity to agriculture. 
The Company's shares are publicly traded on the TSX Venture Exchange
under the symbol EGE, on the OTC Pink Sheets under the symbol ELGSF
and on Frankfurt Stock Exchange under the symbol E6R. 
On behalf of the Board of Directors 
EAGLE STAR MINERALS CORP. 
Eran Friedlander, President 
Neither the TSX Venture Exchange Inc. nor its Regulation Service
Provider (as that term is defined in the policies of the TSX Venture
Exchange Inc.) accepts responsibility for the adequacy or accuracy of
this press release.
Contacts:
Eagle Star Minerals Corp.
Patrick Brandreth
Senior Manager, Corporate Development
1-604-282-7157
patrick@eaglestarminerals.com
www.eaglestarminerals.com
 
 
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