Buying Property Next Door
posted on
Apr 14, 2009 04:58AM
Exploring For Gold and Base Metals
Might mean management is confident about the impending court decision on Mary March Property. Jokal
08:00 EDT Tuesday, April 14, 2009
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Canstar Resources Inc. Karen Willoughby Manager, Corp. Affairs 1-866-365-4724 kwilloughby@canstarresources.comor
Canstar Resources Inc. Harry J. Hodge, P.Eng. Chairman 416-363-4376 hjhodge@geocanex.com www.canstarresources.com