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Last C$0.07 CAD
Change Today 0.00 / 0.00%
Volume 10.0K
ROX On Other Exchanges
As of 12:28 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

canstar resources inc (ROX) Snapshot

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canstar resources inc (ROX) Details

Canstar Resources Inc., a junior resource company, focuses primarily on the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for zinc, silver, lead, copper, gold, and other base metal deposits. Its principal properties include the Mary March Property comprising 18 staked claims, 2 licenses, 1 lease, and 2 patented lots totaling 1,616 hectares; and the Mary March Extension Property comprising 34 claims totaling 850 hectares located in Newfoundland. The company’s principal properties also comprise the Slate Bay Property consisting of 8 contiguous patented claims covering 128 hectares located to the north of the town of Red Lake, Ontario; and the Kenora Gold Project, which comprises 31 mining claim blocks consisting of 282 units for an area of 4,512 hectares located to the east of the town of Kenora. The company is headquartered in Toronto, Canada.

canstar resources inc (ROX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$100.0K
Chief Financial Officer, Director, Member of ...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

canstar resources inc (ROX) Key Developments

Canstar Resources Inc. Announces Commencement of 2015 Exploration Program on its Kenora Gold Project in Northwestern Ontario

Canstar Resources Inc. announced the commencement of the 2015 exploration program on its Kenora Gold Project in northwestern Ontario. Exploration programs will follow-up on key results from work completed in 2014. In addition, the 2015 season will be used to evaluate a number of historic gold showings that have yet to be investigated. High-grade grab samples distributed over various locations on the property: 108 samples were taken in the summer of 2014 over several locations within the Company's optioned claims. The location of these samples plot in areas of favourable geology that could act as sites for gold deposition. Further investigation along these contacts is warranted. Eighteen of these High-grade rock samples were taken along an observed structural trend which could be traced over 1.2 kilometers. The eighteen samples taken along this trend ranged from 0.2 to 23 g/t, averaging 4.5 g/t A soil sampling survey completed in Fall of 2014 returned encouraging results, delineating a number of trends slated for ground follow-up in 2015. Based on this work Canstar has expanded its ground position in the area by staking an additional 201 claim units adding 3,216 hectares of ground to the project, more than doubling the total project area to 6,128 hectares. This phase of work will evaluate a number of historic showings on the property, assess other possible areas for staking, and investigate a number of anomalous trends delineated from the 2014 soil survey. Results from this work will be reported upon completion of each phase.

Canstar Resources, Inc. Appoints Danniel Oosterman to the Board of Directors

Canstar Resources Inc. announced that Danniel Oosterman, the company's President and Chief Executive Officer, has been appointed to the Board of Directors.

Canstar Resources Announces Results from its 2014 Reconnaissance Surface Mapping Program on its Kenora Gold Project

Canstar Resources announced results from its 2014 reconnaissance surface mapping program on its Kenora Gold Project. Rock sampling over various locales on the project have returned significant gold assays indicating a strong potential for the project's future. Highlights of this exploration program are: //st Numerous gold-bearing grab samples near Island Lake including samples containing 23.0 g/t Au, 15.9 g/t Au, 15.0 g/t Au and 6.0 g/t Au located along the same structure approximately 1.2 kilometers apart; Several grab samples near Kenora Airport block containing 13.6 g/t Au and 20.9 g/t Au; Grab samples near Hilly Lake area containing 24.9 g/t Au and 5.5 g/t located approximately 50 meters apart along same structure. The program involved initial reconnaissance mapping to outline the nature and location of the historic structures and mineral showings that are described in the Ontario Mineral Deposit Inventory and to determine their continuity and relationship with the overall regional geology. The Kenora Project is comprised of 4 mining claim blocks that cover areas that were mined in the late 1800's but have seen little work since that time. Of approximately 108 samples taken over the Project area, 25 show high-grade to anomalous gold values in and around mapped structures and their trends. Of particular significance is the northernmost block, closest to Island Lake, where high-grade gold values of 15.9 g/t can be found along a mappable trend, with a distance of approximately 700 meters between samples. Historic production in 1897 along trend and to the southeast of these results have been documented in the recorded high gold values up to 19.5 g/t gold and suggest a minimum 2.0 kilometer gold bearing structure. In addition, mapping indicates the structure continues to the northeast offering additional exploration potential in that direction, which suggests the presence of a potential district-scale gold bearing structure on the Project. Additional mapping and rock sampling to the south of this area yielded very high gold values near the Hilly Lake area along a 50 meter structural trend. Gold values of 24.9 g/t and 5.5 g/t were traced along a mappable shear zone. Regional magnetic data exhibits a coincident magnetic anomaly with this trend which may indicate a continuation towards the eastern portion of the Company's claim block.


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