Canstar Resources Commences Drilling on Its Flagship Mary March Project In the Buchans Area of Newfoundland/Labrador
November 20 2012 - 7:00AM
Marketwired Canada
The directors of Canstar Resources Inc. (Canstar) (TSX VENTURE:ROX) are pleased
to report that diamond drilling has commenced on the Mary March property in the
Buchans area of Newfoundland and Labrador.
This property is held via a 50/50% joint venture between Canstar and Xstrata
Zinc Canada. Canstar is the operator.
This first phase of exploration, to be completed before year end, will consist
of eight holes designed to test the Mary March and Nancy April sulphide zones.
The program is being managed by Mr. Barry Greene, Exploration Manager for Canstar.
Significant assays will be reported as they are received.
On behalf of the Board of Directors
Harry J. Hodge, P.Eng, Chairman
Forward-Looking Statements
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Canstar Resources Inc.
Harry J. Hodge, P. Eng.
Chairman
416-363-4376
416-367-1954 (FAX)
hjhodge@geocanex.com
Canstar Resources Inc.
Karen Willoughby
Manager, Corporate Affairs
1-866-936-6766
kwilloughby@canstarresources.com
www.canstarresources.com
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