Archean Star Announces a Diamond Drill Program Has Commenced at Gnaweeda
November 16 2011 - 11:46AM
Marketwired
Archean Star Resources Inc. ("Archean" or the "Company") (TSX
VENTURE:ASP) announces that diamond drilling has commenced on the
Turnberry zone at the Gnaweeda Gold Project ("Gnaweeda") at
Meekatharra in the Murchison Gold District, Western Australia.
The Company anticipates that six diamond drill holes will be
completed at both the Turnberry and Bunarra Central zones prior to
the Christmas break. The Turnberry diamond drill holes are step
outs from diamond drill hole TB003 on the southernmost of the three
earlier identified higher grade gold zones within the main 2.5 km x
750 m Turnberry zone, where the Company intersected 3 meters
grading 8.27 g/t Au and 22 meters grading 2.46 g/t Au.
Drill cores will be logged, split, and submitted for assays on a
hole by hole basis. Assay results will be released as received.
Archean Star Resources Inc. is a junior exploration company
that, through its wholly owned subsidiary, Archean Star Resources
Australia Pty Ltd, has entered into an Option Agreement, subject to
a 75% back in right, to earn 100% of Teck Australia Pty Ltd's
interest in Chalice Gold Mines Limited's Gnaweeda Gold Project in
West Australia. Kent Exploration Inc. (TSX VENTURE:KEX) with
approximately 10,000,000 shares, or 35% of the outstanding common
shares, is the controlling shareholder of Archean.
This News Release has been prepared on behalf of the Archean
Star Resources Inc. Board of Directors, which accepts full
responsibility for its contents. This news release has been
reviewed by Dr. Clay M. Conway, P.Geol. a Qualified Person as
recognized by National Instrument NI-43-101 and a director of the
Company.
ON BEHALF OF THE BOARD
Graeme O'Neill, President
Neither the TSX Venture Exchange, nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange), has reviewed, nor do they accept responsibility
for, the adequacy or accuracy of this news release.
Contacts: Archean Star Resources Inc. Graeme O'Neill President
(604) 684-3394 (888) 282-7763 (FAX)www.archeanstar.com
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