Welcome to our dedicated page for Canstar Resource news (Ticker: CSRNF), a resource for investors and traders seeking the latest updates and insights on Canstar Resource stock.
Canstar Resources Inc. (CSRNF) drives mineral exploration in Newfoundland's Golden Baie and Buchans-Mary March projects, targeting high-grade gold and critical minerals. This page aggregates official news and developments from Canada's emerging exploration frontier.
Access timely updates on drill results, geophysical survey findings, and corporate milestones. Investors receive verified information on exploration progress, technical reports, and strategic partnerships, all curated for informed decision-making.
Content includes project updates, resource estimates (when disclosed), leadership announcements, and operational insights. Track advancements in 3D geological modeling, airborne survey outcomes, and sampling program results through primary-source documentation.
Bookmark this page for streamlined access to Canstar's evolving exploration narrative. Combine browser alerts with periodic checks to stay current on developments in this active Canadian mining jurisdiction.
Canstar Resources Inc. (TSXV: ROX) (OTC Pink: CSRNF) announced the approval of all resolutions at its Annual General and Special Meeting held on April 15, 2025. Shareholders approved expanding the board to five directors, electing James Clare, Jacqueline Allison, Neil Burns, J. Paul Austin III, and Nyla Beth Gawel as board members.
Key approvals included reappointing MNP LLP as auditor, increasing the maximum number of common shares reserved for stock options from 11,025,366 to 14,884,138, and implementing a new By-law No. 1.
Notable among the changes is the addition of Nyla Beth Gawel, who brings over 20 years of experience in strategic planning. Gawel, founder of NBG Strategy Consulting , has held senior leadership positions at Fortune 500 companies including Booz Allen Hamilton, SAIC, and Verizon. Robert Bruggeman, former CEO and director, transitions to the Advisory Board as part of a planned change.
Canstar Resources (TSXV: ROX, OTC: CSRNF) has executed a Letter of Intent with VMS Mining for an $11.5M strategic exploration Joint Venture to accelerate discoveries at its polymetallic VMS assets in Newfoundland. The deal includes:
- Initial $500,000 investment in April 2025
- Phase 1: $1.5M investment for 10% JV interest
- Phase 2: Option for $4M investment to reach 40% ownership
- Phase 3: Option for $6M investment to reach 60% ownership
The JV covers the Buchans and Mary March projects, with exploration already underway at Buchans through Deep IP geophysics. Mary March's previous discovery showed impressive grades: 10.1% zinc, 0.64% copper, 1.8% lead, 4.2 g/t gold, and 122 g/t silver over 9.63 meters. The Golden Baie gold/antimony project remains 100% Canstar-owned and outside the JV scope.
Canstar Resources (TSXV: ROX) (OTC: CSRNF) has initiated a geophysics program in the historic Buchans mining district using Abitibi Geophysics' DasVision 3DIP system. The program aims to identify high-grade precious and critical metals deposits by detecting stockwork zones associated with VMS mineralization.
The historic Buchans district, mined from the 1920s to 1980s, yielded 16.2 million tonnes with exceptional grades of 14.51% zinc, 7.56% lead, 1.33% copper, 122 g/t silver, and 1.37 g/t gold. New geological modeling suggests the Buchans River Formation extends throughout Canstar's property.
The company has received C$551,975 from warrant exercises, with 11,039,503 warrants exercised out of 26,665,500 issued in January 2024. Additionally, Bob Patey has been appointed as Vice President of Exploration, while Paul Ténière transitions to the Advisory Board alongside new appointee Michael Norred.
Canstar Resources has appointed Dr. David Kilcullen, a leading expert in national security and defense technology, to its advisory board. This appointment aligns with the company's critical minerals strategy and follows their recent inclusion in the Nevada Tech Hub. The company aims to capitalize on opportunities related to securing critical materials supply chains in the West. Additionally, Canstar announced the repricing of previously issued stock options from July and August 2024, adjusting the exercise price to $0.05 per share in compliance with TMX requirements.
Canstar Resources has received $410,000 through the early exercise of 8,200,000 warrants at $0.05 per share from its January 2024 financing. The company plans to use these proceeds for general working capital. Currently, 18,465,500 warrants remain outstanding, set to expire on January 23, 2026. Additionally, the Board has approved granting 400,000 stock options to employees at $0.04 per share, exercisable until August 13, 2029. Some employees have voluntarily canceled 450,000 previous options that were exercisable at $0.28.
CANSTAR RESOURCES INC. (TSXV: ROX) (OTC Pink: CSRNF) has announced preliminary results from a high-resolution airborne geophysical survey over its Little River Trend (LRT) mineral licenses within the Golden Baie Project in Newfoundland. The survey, conducted using ALS GoldSpot Discoveries 's Multi-Parameter Airborne Acquisition System (M-PASS), has tripled the data density compared to previously available information.
The new magnetic gradient and VLF-EM data, combined with existing LiDAR and geochemistry data, will aid in mapping and targeting geological structures that could host gold and antimony mineralization. The survey has already identified underexplored areas with similar geophysical expressions to the high-grade Kendell Prospect, as well as potential large fold and fault structures.
The company plans to use this data to guide future surface exploration and drill hole targeting. Canstar's CEO, Juan Carlos Giron Jr., emphasized the company's commitment to a data-informed approach to mineral exploration, aiming to deepen geological understanding and inform new discoveries at Golden Baie and Facheux Bay projects.
Canstar Resources has reported high-grade antimony findings at its Golden Baie project, located 89 km southwest of the Beaver Brook Antimony Mine. Highlights include bedrock and channel samples assaying between 20.4% and 74.4% antimony (Sb) with up to 24.1 g/t gold at the Le Pouvoir prospect. China's impending antimony export restrictions, effective September 15, 2024, have heightened the significance of these discoveries. The restrictions are expected to cause supply disruptions and price increases, with antimony prices already having doubled this year. Canstar has also staked an additional 1,100 hectares of prospective claims and continues to explore other high-grade antimony occurrences at the Swanger's Cove prospect.
Canstar Resources Inc. (TSXV: ROX) (OTC Pink: CSRNF) has been appointed as a member of the University of Nevada, Reno's Tech Hub Program for critical and EV materials. This membership is a significant milestone in Canstar's critical minerals strategy, complementing its gold exploration work. The Tech Hub Program, part of the CHIPS and Science Act, has received an initial US$21 million grant from the U.S. Economic Development Administration.
Canstar's strategy aligns with the Minerals Security Partnership and the U.S.-Canada Joint Action Plan on Critical Minerals. The company's Buchans-Mary March Projects in Newfoundland are associated with copper, lead, and zinc, while its Golden Baie Project offers exposure to gold and antimony. This positions Canstar to capitalize on the anticipated bull market for precious and critical metals in a Tier 1 mining jurisdiction.
Canstar Resources Inc. (TSXV: ROX) (OTC Pink: CSRNF) has announced the grant of 3,344,000 stock options to its officers, directors, consultants, and employees. These options have an exercise price of $0.035 per share and will expire on July 14, 2029. The options are subject to certain vesting provisions as determined by the company's board of directors and in accordance with TSX Venture Exchange policies.
Additionally, a former officer of the company has agreed to voluntarily cancel 1,150,000 options with an exercise price of $0.28 per share.
Canstar Resources has resumed extensive exploration activities at its Golden Baie and Buchans-Mary March projects in Newfoundland, following a management change and a strategic review. The company has staked additional mineral claims and identified numerous high-priority exploration targets. Notably, some rock samples from the Golden Baie project demonstrated significant gold concentrations, including 11.8 g/t. A new geological model has been developed for both projects, indicating substantial potential. Historical data from the Buchans project show previous mining yields of high-grade polymetallic deposits, suggesting further exploration opportunities. The company plans to communicate its advanced exploration strategies soon.
