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Canstar Resources : Commences 2017 Field Season for Kenora Gold Project

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05/30/2017 | 01:06pm CEST

TORONTO, ONTARIO--(Marketwired - May 30, 2017) - Canstar Resources Inc. (TSX VENTURE:ROX) ("Canstar") is pleased to announce the commencement of the 2017 Field Season.

The 2017 field work includes trenching and channel sampling of 4 high priority sites where the company has identified gold mineralization through exploratory channel and grab sampling in late 2016. The field season also will include a drilling program testing targets along the Aviator trend as well as targets identified from this current work.

Trenching work will target 3 new showings and the surface exposure associated updip to the recently announced 22-meter intersection containing 0.5 g/t gold, including 7 meters containing 0.7 g/t gold (see Company's press release dated March 15, 2017). It will also include a newly identified area on the east side of the property that was identified in Fall of 2016; this was a 360 meter trend from which several grab samples yielding multigram samples containing up to 4 g/t gold (see Company's press release dated November 17th, 2016) occurring on the same trend as a historic mining operation (ca. 1898) known as the Treasure Mine.

Danniel Oosterman, President and CEO of Canstar Resources states, "2017 will be a key year in assessing the Kenora Gold Project's potential. Between drill testing the remaining high priority targets on the Aviator Trend, and assessing these newly identified areas we hope to bring exciting new developments to the table as we determine the nature and extent of the gold mineralization on the property and look forward to understanding some of these new zones on the east side of the project."

Danniel Oosterman, P.Geo is President and Chief Executive Officer and is a Qualified Person as defined by NI 43-101 and is responsible for and has approved the technical information in this release.

ON BEHALF OF THE BOARD OF DIRECTORS

Danniel J. Oosterman, P.Geo

President & CEO

Forward-Looking Statements

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. This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. 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. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.


© Marketwired 2017
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