VANCOUVER, British Columbia,
June 26, 2012 /PRNewswire/ --
Urastar Gold Corp. ("Urastar" or the "Company") (TSX‑V:URS)
(FSE: 3U3) (OTCQX: URNRF) is pleased to provide an update on three
additional drill hole results at the El Antimonio property
located in Sonora State, Mexico.
The Company is carrying out an extensive Reverse Circulation
(RC) drilling program El Antimonio and so far 6,036 metres have
been drilled in 28 holes. The most significant intersections
previously released include 67 metres grading 0.54 grams per tonne
gold in hole EA-12-21 and 29 metres grading 0.79 g/T gold in hole
EA-12-17 (See news releases dated 6th and
15th of June 2012). Drilling is continuing with
recently received significant intercepts as follows:
|
Hole
|
From
(m)
|
To
(m)
|
Core
Interval (m)
|
Au
(g/T)
|
Comment
|
|
EA-12-22A
|
32.0
|
85.3
|
53.3
|
0.44
|
includes
64.0-74.7(10.7m) @ 1.36 g/T
|
|
EA-12-22A
|
257.6
|
272.8
|
15.2
|
0.25
|
|
|
EA-12-23
|
0.0
|
3.0
|
3.0
|
0.75
|
|
|
EA-12-23
|
13.7
|
21.3
|
7.6
|
0.15
|
|
|
EA-12-23
|
39.6
|
97.5
|
57.9
|
0.29
|
includes
39.6-64.0(24.4m) @ 0.37 g/T, and 73.2-
97.5(24.3m) @ 0.30 g/T Au
|
|
EA-12-24
|
59.4
|
65.5
|
6.1
|
0.13
|
|
The large intercepts in holes EA-12-22A and EA-12-23 rank as
high in importance as those obtained in holes 17 and 29. The
Company considers these results highly significant and indicative
of excellent potential for a bulk tonnage gold deposit.
Drill cutting samples were submitted to ALS Minerals in
Hermosillo for preparation.
Sample analysis was done at ALS Minerals in North Vancouver, Canada for gold by the Fire
Assay method on 30 gram subsamples with AAS finish. ALS is an
independent ISO certified commercial laboratory. Quality
control included monitoring results of certified reference
standards, duplicates and blank samples submitted with the
samples. Intervals are measured down the hole and may not
represent true thickness.
Dr. Matt Ball, P.Geo., is a
Qualified Person pursuant to National Instrument 43-101 who has
reviewed the technical information contained in this news
release.
Contacts:
Adrian Robertson, President
& CEO
Tel: 604-682-2928
Launch IR
Matthew Harrington, Investor
Relations
ir@urastarenergy.com
Tel: 613-882-7467
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS. THE TSX-VENTURE EXCHANGE
NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
THE POLICIES OF 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.