VANCOUVER, British Columbia,
Jan. 18, 2012 /PRNewswire/
-- Urastar Gold Corp ("Urastar") (TSXV: URS.V) (OTCQX: URNRF)
is pleased to announce that it is starting a drill program to test
its two gold properties located in the Mulatos Gold Belt in Sonora
State, Mexico. A total of
1500 m of reverse circulation drilling is planned for the
Jabali and Juliana gold
properties.
El Jabali is a 70 hectare
property located only 6 km from the Mulatos gold mine of Alamos
Gold Inc. (see location map at www.Urastargold.com). This
property covers the historic La
Dura gold mine where gold mineralization of similar
character to that at the Mulatos mine was previously mined on a
small scale. An area of historic workings, geochemical
anomalies and gold showings 1 kilometer in strike length has been
defined. The initial holes will be drilled to test for
extensions of the La Dura mine and
other outcrops of gold mineralization in vuggy silica altered and
brecciated rhyodacite.
The second property to be tested is Juliana, a 700 hectare
property located near to Jabali
and only 7 km west of the Mulatos gold mine of Alamos Gold
Inc. The La Juliana property covers silicified vein breccias,
with native gold filling late stage veinlets, within an area of
anomalies and gold showings that is 2 kilometers in strike
length. Juliana is currently being worked for free gold by
local miners. The first holes will test for extensions of the
gold mineralization currently being mined from shallow pits.
Dr. Matt Ball, Ph.D, P.Geo., is a
the Qualified Person pursuant to National Instrument 43-101 who
prepared the technical information contained in this news
release.
About Urastar Gold Corp
Urastar Gold Corp is a mining exploration and development
company focusing on gold exploration in Sonora, Mexico and Nevada, USA targeting areas containing former
producing properties. For more information, please visit
www.Urastargold.com
Contacts:
Tom Kennedy, President
Phone: 604-682-2928
Matt Harrington, Investor
Relations
ir@urastarenergy.com
Phone: 613-882-7467
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS. THE TSX-VENTURE EXCHANGE
DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
This news release includes certain statements that express
management's expectation or estimates of future performance and may
be deemed "forward-looking statements." These forward-looking
statements include plans, estimates, forecasts and statements as to
management's expectations regarding exploration. These
forward-looking statements involve assumptions, risks and
uncertainties and actual results may vary materially. For
these reasons shareholders should not place undue reliance on such
forward-looking information.
United States residents are
cautioned that some of the information that may be published by
Urastar may not be consistent with United States Securities and
Exchange Commission disclosure rules and may be materially
different from what the Company is permitted to disclose in
the United States and therefore
United States residents should not
rely on such information.
SOURCE Urastar Gold Corp