(via TheNewswire)
Intersects 3.2 g/t Gold over 22 metres at Kendell Prospect and Reports Drilling Results from Multiple Targets
Highlights:
Kendell Prospect3.2 g/t gold (“Au”) over 22.0 mand4.3 g/t Au over 14.0 m. Gold mineralization at the Kendell prospect has been expanded to 195 m down-plunge to the northwest.
New zone at
Wolf Pond target0.8 g/t Au over 11.5 mand1.9 g/t Au over 6.7 min a newly discovered shallow zone located 300 m southeast of historic drilling in the area.
Table1 - Fall 2022 drill assay highlights
Hole | Target | From (m) | To (m) | Length (m) | Au (g/t) |
GB-22-121 | Kendell | 15.0 | 37.0 | 22.0 | 3.18 |
including | 28.0 | 29.0 | 1.0 | 18.12 | |
GB-22-120 | Kendell | 38.0 | 39.0 | 1.0 | 6.26 |
and | 63.0 | 68.0 | 5.0 | 6.55 | |
GB-22-107 | Kendell | 41.3 | 55.3 | 14.0 | 4.32 |
including | 41.3 | 42.3 | 1.0 | 21.27 | |
including | 49.3 | 50.3 | 1.0 | 15.80 | |
including | 48.3 | 51.3 | 3.0 | 9.15 | |
GB-22-102 | Kendell | 58.0 | 62.0 | 4.0 | 5.97 |
including | 61.0 | 62.0 | 1.0 | 19.70 | |
GB-22-112 | Kendell | 60.0 | 63.0 | 3.0 | 6.99 |
including | 62.0 | 63.0 | 1.0 | 18.29 | |
GB-22-111 | Kendell | 62.7 | 68.7 | 6.0 | 1.77 |
WP-22-04 | 37.0 | 43.7 | 6.7 | 1.86 | |
WP-22-02 | 31.5 | 43.0 | 11.5 | 0.78 | |
including | 31.5 | 36.5 | 5.0 | 1.16 | |
97W-22-11 | 97 West | 7.2 | 8.2 | 1.0 | 5.20 |
97W-22-09 | 97 West | 5.0 | 6.0 | 1.0 | 1.00 |
and | 8.0 | 9.0 | 1.0 | 4.67 |
Notes:
All intersections are downhole length as there is insufficient information to calculate true width.
Reported grades have not been capped.
MatthieuLapointe, Vice President Exploration, stated: “Our drill program in the fall of 2022 tested multiple targets that were generated using a combination of prospecting, geophysics, and geochemistry. This approach advanced our understanding of the geology and the effectiveness of various tools. In the process, we continued to expand the Kendell prospect. We also validated thelarge soil anomaly at
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Figure 1 –
Kendell Prospect
Drilling at Kendell focused on expanding the footprint of mineralization to the northwest, in the interpreted down-plunge direction. Twenty holes were drilled for a total of 2,438 m (Figure 2). Drilling successfully extended gold mineralization down-plunge to the northwest and west-northwest. Hole GB-22-102 intersected5.8 g/t Au over 4.0 mat a downhole depth of only 58.0 m (Figure 3). This intercept is approximately 15 m down-plunge of hole GB-22-92, which intersected 6.1 g/t gold over 3.6 m at a downhole depth of 52.5 m (see
To further define the geometry of the plunging mineralization, four drill holes were oriented east-west as opposed to the typical northwest-southeast drill orientation. The east-west orientation was designed to intersect the northwest plunging shoot at a more perpendicular drill angle. All four drill holes with this orientation intersected significant gold mineralization including GB-22-107 (4.3 g/t Au over 14.0m), GB-22-112 (7.0 g/t Au over 3.0 m), GB-22-120 (6.6 g/t Au over 5.0 m) and GB-22-121 (3.2 g/t Au over 22.0 m) (Figure 3).
Holes GB-22-106, GB-22-110, GB-22-111, GB-22-115, GB-22-116 and GB-22-117 were drilled approximately 20 m southeast of the known mineralization. Gold mineralization was encountered in four of these holes: GB-22-110 (1.7 g/t Au over 3.0 m - with visible gold), GB-22-111 (1.8 g/t Au over 6.0 m), GB-22-115 (0.3 g/t Au over 16.0 m) and GB-22-116 (1.0 g/t over 6.4 m) (Figure 4).Gold mineralization in these holes suggests the plunging zone is possibly changing direction and open to the west-northwest.
Holes GB-22-108 and GB-22-109 were drilled approximately 20 m northeast of the known mineralization and Holes GB-22-113, GB-22-114 and GB-22-118, GB-22-119 were drilled approximately 45 m southwest of the defined plunging mineralized zone.No significant gold mineralization was intersected in these holes suggesting that the zone narrows in this area, but remains open at depth.
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Figure 2 – Drill hole collar map Kendell prospect (drill results reported in this release are bolded).
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Figure 3 – A-A’ Cross section looking northeast from Kendell prospect (drill results reported in this release are bolded).
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Figure 4 – B-B’ Cross section looking northeast from Kendell prospect (drill results reported in this release are bolded).
Historic drilling at
Approximately 300 m southeast of the
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Figure 5 – Drill hole collar map
97 West Target
The 2022 fall drill campaign at 97 West targeted gold mineralization in trenches excavated during 2021 and tested the graphitic shale horizons that also host the high-grade gold mineralization at the Kendell prospect, located approximately 3.5 km to the southwest. Thirteen holes (1,787 m) were drilled (Figure 6) in the 97 West area. Drill hole 97W-22-01 was drilled beneath a 2021 channel sample of 13.1 g/t gold over 1.0 m (trench 97W-21-TR01) and returned an intersection of 1.9 g/t Au over 2.0 m, starting at 13 m downhole. Drill holes 97W-22-07 and 97W-22-09 to 97W-22-13 were collared 200 m to the northeast of the 2021 trenches in an area identified during 2022 trenching. All six holes encountered gold mineralization. The best results include hole 97W-22-11 which assayed 5.2 g/t Au over 1.0 m starting at a down hole depth of 7.2 m and hole 97W-22-09 with 4.7 g/t Au over 1.0 m starting at a down hole depth of 8.0 m. Gold mineralization is related to quartz-carbonate veining hosted in grey shales with disseminated arsenopyrite-stibnite.
Reconnaissance Drilling
The best assay result of this drilling came from Northbrush hole NB-22-02 which intersected 0.2 g/t over 16.0 m from a quartz-carbonate vein zone. The best drill intercept on the recently acquired
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Figure 6 – Drill hole collar map 97 West, Northbrush, White Out and Osprey targets (drill results reported in this release are bolded).
2023 Field Program
Canstar’s technical team is currently preparing plans and prioritizing exploration targets for the 2023 field program. More details will be provided in a future release. 2022 drill results warrant follow-up exploration in the large
Qualified Person
QA/QC:
All 2022 drilling was of NQ-sized drill core. Core samples were split with a diamond saw and half-core retained for further study after being detail logged and photographed. 2022 drill core samples were collected by company personnel and shipped to either SGS Labs,
Acknowledgements
About
For further information, please contact:
Email: rob@canstarresources.com
Phone: 1-647-247-8715
Website:www.canstarresources.com
Forward-Looking Statements
Neither
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward looking statements may be identified by such terms as “believes”, “anticipates”,“expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Table 2 - Fall 2022 drill hole results
Hole | Target | From (m) | To (m) | Length (m) | Assay (g/t Au) |
WP-22-04 | 37.0 | 43.7 | 6.7 | 1.86 | |
WP-22-03 | 62.0 | 70.0 | 8.0 | 0.32 | |
WP-22-02 | 31.5 | 43.0 | 11.5 | 0.78 | |
including | 31.5 | 36.5 | 5.0 | 1.16 | |
WP-22-01 | 31.0 | 41.6 | 10.6 | 0.39 | |
NB-22-03 | Northbrush | No significant results (“NSR”) | |||
NB-22-02 | Northbrush | 93.0 | 109.0 | 16.0 | 0.19 |
NB-22-01 | Northbrush | NSR | |||
White Out | 26.0 | 38.0 | 12.0 | 0.20 | |
and | 53.5 | 64.4 | 10.9 | 0.27 | |
and | 82.0 | 88.0 | 6.0 | 0.40 | |
White Out | 24.7 | 28.7 | 4.0 | 0.20 | |
Osprey | NSR | ||||
Osprey | 16.0 | 17.0 | 1.0 | 0.54 | |
Osprey | NSR | ||||
Osprey | NSR | ||||
HS-22-04 | Hillside | NSR | |||
HS-22-03 | Hillside | NSR | |||
HS-22-02 | Hillside | NSR | |||
HS-22-01 | Hillside | NSR | |||
GB-22-121 | Kendell | 15.0 | 37.0 | 22.0 | 3.18 |
including | 28.0 | 29.0 | 1.0 | 18.12 | |
and | 42.0 | 44.0 | 2.0 | 1.02 | |
GB-22-120 | Kendell | 35.0 | 37.0 | 2.0 | 0.81 |
and | 38.0 | 39.0 | 1.0 | 6.26 | |
and | 41.0 | 43.0 | 2.0 | 1.16 | |
and | 63.0 | 68.0 | 5.0 | 6.55 | |
GB-22-119 | Kendell | NSR | |||
GB-22-118 | Kendell | NSR | |||
GB-22-117 | Kendell | NSR | |||
GB-22-116 | Kendell | 70.1 | 76.5 | 6.4 | 1.04 |
GB-22-115 | Kendell | 57.0 | 73.0 | 16.0 | 0.29 |
GB-22-114 | Kendell | NSR | |||
GB-22-113 | Kendell | NSR | |||
GB-22-112 | Kendell | 60.0 | 63.0 | 3.0 | 6.99 |
including | 62.0 | 63.0 | 1.0 | 18.29 | |
GB-22-111 | Kendell | 62.7 | 68.7 | 6.0 | 1.77 |
GB-22-110 | Kendell | 62.0 | 65.0 | 3.0 | 1.66 |
GB-22-109 | Kendell | NSR | |||
GB-22-108 | Kendell | NSR | |||
GB-22-107 | Kendell | 41.3 | 55.3 | 14.0 | 4.32 |
including | 41.3 | 42.3 | 1.0 | 21.27 | |
including | 49.3 | 50.3 | 1.0 | 15.80 | |
including | 48.3 | 51.3 | 3.0 | 9.15 | |
GB-22-106 | Kendell | NSR | |||
GB-22-105 | Kendell | NSR | |||
GB-22-104 | Kendell | NSR | |||
GB-22-103 | Kendell | NSR | |||
GB-22-102 | Kendell | 58.0 | 62.0 | 4.0 | 5.97 |
including | 61.0 | 62.0 | 1.0 | 19.70 | |
and | 67.0 | 69.0 | 2.0 | 0.85 | |
97W-22-13 | 97 West | 9.0 | 10.0 | 1.0 | 1.16 |
97W-22-12 | 97 West | 12.0 | 13.0 | 1.0 | 0.77 |
97W-22-11 | 97 West | 7.2 | 8.2 | 1.0 | 5.20 |
97W-22-10 | 97 West | 7.0 | 8.0 | 1.0 | 2.96 |
and | 16.0 | 17.0 | 1.0 | 0.92 | |
97W-22-09 | 97 West | 5.0 | 6.0 | 1.0 | 1.00 |
and | 8.0 | 9.0 | 1.0 | 4.67 | |
97W-22-08 | 97 West | 64.4 | 65.4 | 1.0 | 0.68 |
97W-22-07 | 97 West | 4.0 | 5.5 | 1.5 | 2.20 |
97W-22-06 | 97 West | 114.2 | 118.6 | 4.4 | 0.18 |
97W-22-05A | 97 West | NSR | |||
97W-22-05 | 97 West | NSR | |||
97W-22-04 | 97 West | NSR | |||
97W-22-03 | 97 West | 4.0 | 4.5 | 0.5 | 0.71 |
97W-22-02 | 97 West | NSR | |||
97W-22-01 | 97 West | 13.0 | 15.0 | 2.0 | 1.93 |
including | 13.0 | 14.0 | 1.0 | 3.17 |
Table 3 - Fall 2022 drill hole details
Hole | Length (m) | Azimuth | Dip | Northing (NAD83) | Easting (NAD83) | Target |
WP-22-04 | 178 | 135 | -50 | 5307979 | 607400 | |
WP-22-03 | 100 | 135 | -50 | 5307914 | 607316 | |
WP-22-02 | 205 | 135 | -50 | 5307895 | 607339 | |
WP-22-01 | 196 | 135 | -50 | 5307864 | 607298 | |
NB-22-03 | 97 | 130 | -85 | 5300937 | 599768 | Northbrush |
NB-22-02 | 151 | 130 | -50 | 5300937 | 599768 | Northbrush |
NB-22-01 | 190 | 129 | -50 | 5301369 | 600142 | Northbrush |
151 | 130 | -75 | 5302733 | 601286 | Osprey | |
127 | 130 | -50 | 5302733 | 601286 | Osprey | |
82 | 160 | -50 | 5302819 | 600706 | Osprey | |
82 | 100 | -50 | 5302819 | 600707 | Osprey | |
82 | 130 | -85 | 5302820 | 600706 | Osprey | |
103 | 130 | -50 | 5302820 | 600707 | Osprey | |
HS-22-04 | 154 | 130 | -50 | 5299047 | 597534 | Hillside |
HS-22-03 | 109 | 130 | -50 | 5298816 | 597541 | Hillside |
HS-22-02 | 82 | 130 | -50 | 5298891 | 597616 | Hillside |
HS-22-01 | 157 | 130 | -50 | 5298972 | 597509 | Hillside |
GB-22-121 | 61 | 273 | -45 | 5298103 | 596890 | Kendell |
GB-22-120 | 139 | 270 | -50 | 5298132 | 596856 | Kendell |
GB-22-119 | 166 | 130 | -75 | 5298055 | 596827 | Kendell |
GB-22-118 | 250 | 130 | -50 | 5298055 | 596827 | Kendell |
GB-22-117 | 100 | 130 | -85 | 5298206 | 596712 | Kendell |
GB-22-116 | 100 | 128 | -70 | 5298206 | 596712 | Kendell |
GB-22-114 | 100 | 130 | -70 | 5298179 | 596711 | Kendell |
GB-22-115 | 100 | 90 | -70 | 5298179 | 596711 | Kendell |
GB-22-113 | 256 | 130 | -50 | 5298179 | 596711 | Kendell |
GB-22-112 | 121 | 90 | -59 | 5298196 | 596735 | Kendell |
GB-22-111 | 100 | 130 | -87 | 5298194 | 596738 | Kendell |
GB-22-110 | 100 | 130 | -70 | 5298193 | 596738 | Kendell |
GB-22-109 | 82 | 130 | -62 | 5298204 | 596779 | Kendell |
GB-22-108 | 100 | 130 | -80 | 5298206 | 596777 | Kendell |
GB-22-107 | 100 | 90 | -50 | 5298168 | 596761 | Kendell |
GB-22-106 | 100 | 130 | -65 | 5298172 | 596760 | Kendell |
GB-22-105 | 130 | 130 | -85 | 5298234 | 596720 | Kendell |
GB-22-104 | 121 | 130 | -71 | 5298234 | 596720 | Kendell |
GB-22-103 | 112 | 130 | -85 | 5298210 | 596744 | Kendell |
GB-22-102 | 100 | 130 | -70 | 5298210 | 596744 | Kendell |
97W-22-13 | 40 | 130 | -75 | 5301406 | 599152 | 97 West |
97W-22-12 | 52 | 130 | -50 | 5301406 | 599152 | 97 West |
97W-22-11 | 94 | 90 | -50 | 5301400 | 599173 | 97 West |
97W-22-10 | 97 | 130 | -75 | 5301400 | 599173 | 97 West |
97W-22-09 | 82 | 130 | -50 | 5301400 | 599173 | 97 West |
97W-22-08 | 241 | 150 | -51 | 5301400 | 598899 | 97 West |
97W-22-07 | 121 | 90 | -50 | 5301432 | 599211 | 97 West |
97W-22-06 | 142 | 130 | -49 | 5301430 | 599209 | 97 West |
97W-22-05A | 43 | 130 | -50 | 5301253 | 599238 | 97 West |
97W-22-05 | 151 | 130 | -50 | 5301252 | 599237 | 97 West |
97W-22-04 | 271 | 130 | -50 | 5301163 | 599148 | 97 West |
97W-22-03 | 61 | 130 | -70 | 5301227 | 598949 | 97 West |
97W-22-02 | 271 | 130 | -50 | 5301244 | 599056 | 97 West |
97W-22-01 | 121 | 130 | -70 | 5301285 | 599004 | 97 West |
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