Canstar's High-Resolution Airborne Geophysics Data Advances Drill Hole Targeting at Golden Baie
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 INC. (TSXV: ROX) (OTC Pink: CSRNF) ha annunciato i risultati preliminari di un'indagine geofisica aerea ad alta risoluzione sui licenze minerali del suo Little River Trend (LRT) all'interno del Progetto Golden Baie in Newfoundland. L'indagine, condotta utilizzando il Sistema di Acquisizione Aerea Multi-Parametro di ALS GoldSpot Discoveries (M-PASS), ha triplicato la densità dei dati rispetto alle informazioni precedentemente disponibili.
I nuovi dati sul gradiente magnetico e VLF-EM, combinati con i dati esistenti di LiDAR e geochimica, aiuteranno a mappare e mirare a strutture geologiche che potrebbero ospitare mineralizzazioni di oro e antimonio. L'indagine ha già identificato aree poco esplorate con espressioni geofisiche simili a quelle dell'alta qualità del Kendell Prospect, così come potenziali grandi strutture di pieghe e faglie.
La società prevede di utilizzare questi dati per guidare future esplorazioni superficiali e targeting di pozzi di perforazione. Il CEO di Canstar, Juan Carlos Giron Jr., ha sottolineato l'impegno dell'azienda per un approccio informato dai dati nell'esplorazione mineraria, mirando a approfondire la comprensione geologica e a informare nuove scoperte nei progetti Golden Baie e Facheux Bay.
CANSTAR RESOURCES INC. (TSXV: ROX) (OTC Pink: CSRNF) ha anunciado resultados preliminares de una encuesta geofísica aérea de alta resolución sobre sus licencias minerales del Little River Trend (LRT) dentro del Proyecto Golden Baie en Newfoundland. La encuesta, realizada utilizando el Sistema de Adquisición Aérea Multi-Parámetro de ALS GoldSpot Discoveries (M-PASS), ha triplicado la densidad de datos en comparación con la información previamente disponible.
Los nuevos datos del gradiente magnético y VLF-EM, combinados con los datos existentes de LiDAR y geoquímica, ayudarán a mapear y localizar estructuras geológicas que podrían albergar mineralización de oro y antimonio. La encuesta ya ha identificado áreas poco exploradas con expresiones geofísicas similares a las del alto grado de Kendell Prospect, así como posibles grandes estructuras de pliegues y fallas.
La empresa planea utilizar estos datos para guiar futuras exploraciones superficiales y la localización de agujeros de perforación. El CEO de Canstar, Juan Carlos Giron Jr., enfatizó el compromiso de la empresa con un enfoque basado en datos para la exploración mineral, con el objetivo de profundizar el entendimiento geológico e informar nuevos descubrimientos en los proyectos Golden Baie y Facheux Bay.
CANSTAR RESOURCES INC. (TSXV: ROX) (OTC Pink: CSRNF)는 뉴펀들랜드의 Golden Baie 프로젝트 내 Little River Trend (LRT) 광물 허가에 대한 고해상도 공중 지구 물리 조사 초기 결과를 발표했습니다. ALS GoldSpot Discoveries의 다중 매개변수 공중 수집 시스템(M-PASS)을 사용하여 수행된 이 조사는 이전에 제공된 정보에 비해 데이터 밀도를 세 배로 늘렸습니다.
새롭게 제시된 자기 기울기 및 VLF-EM 데이터는 기존의 LiDAR 및 지구 화학 데이터와 결합되어 금과 안티몬 광물화를 포함할 수 있는 지질 구조를 매핑하고 표적화하는 데 도움을 줄 것입니다. 이 조사는 이미 고급 Kendell Prospect와 유사한 지구 물리적 표현을 가진 탐사되지 않은 지역과 잠재적인 대규모 주름 및 단층 구조를 식별했습니다.
회사는 이러한 데이터를 사용하여 향후 표면 탐사 및 시추 구멍 표적화를 안내할 계획입니다. Canstar의 CEO인 Juan Carlos Giron Jr.는 데이터 기반 접근 방식을 통해 광물 탐사에 대한 회사의 헌신을 강조하며, Golden Baie 및 Facheux Bay 프로젝트에서의 새로운 발견을 알려주고 지질학적 이해를 심화할 것을 목표로 하고 있습니다.
CANSTAR RESOURCES INC. (TSXV: ROX) (OTC Pink: CSRNF) a annoncé des résultats préliminaires d'une étude géophysique aérienne haute résolution sur ses licences minières du Little River Trend (LRT) dans le cadre du projet Golden Baie à Terre-Neuve. L'enquête, réalisée à l'aide du Système d'Acquisition Aérienne Multi-Paramètre d'ALS GoldSpot Discoveries (M-PASS), a triplé la densité des données par rapport aux informations précédemment disponibles.
Les nouvelles données sur le gradient magnétique et VLF-EM, combinées aux données LiDAR et géochimiques existantes, aideront à cartographier et à cibler des structures géologiques susceptibles d'accueillir minéralisation d'or et d'antimoine. L'enquête a déjà identifié des zones sous-explorées présentant des expressions géophysiques similaires à celles de la Kendell Prospect de haute qualité, ainsi que des structures potentielles de grands plis et failles.
L'entreprise prévoit d'utiliser ces données pour guider les futures explorations de surface et le ciblage des trous de forage. Le PDG de Canstar, Juan Carlos Giron Jr., a souligné l'engagement de l'entreprise pour une approche basée sur les données dans l'exploration minérale, visant à approfondir la compréhension géologique et à informer de nouvelles découvertes dans les projets Golden Baie et Facheux Bay.
CANSTAR RESOURCES INC. (TSXV: ROX) (OTC Pink: CSRNF) hat die vorläufigen Ergebnisse einer hochauflösenden luftgestützten geophysikalischen Untersuchung über seine Mineral-Lizenzen im Little River Trend (LRT) im Golden Baie Projekt in Neufundland bekannt gegeben. Die Untersuchung, die mit dem Multi-Parameter-Luftaufnahmesystem (M-PASS) von ALS GoldSpot Discoveries durchgeführt wurde, hat die Datendichte verdreifacht im Vergleich zu zuvor verfügbaren Informationen.
Die neuen Magnetgradienten- und VLF-EM-Daten, kombiniert mit bestehenden LiDAR- und geochemischen Daten, werden dabei helfen, geologische Strukturen zu kartieren und zu lokalisieren, die Gold- und Antimonmineralisierungen beherbergen könnten. Die Untersuchung hat bereits unterexplorierte Gebiete mit ähnlichen geophysikalischen Ausdrücken wie die hochgradige Kendell Prospect identifiziert, sowie potenziell große Falten- und Verwerfungsstrukturen.
Das Unternehmen plant, diese Daten zu nutzen, um zukünftige Oberflächenuntersuchungen und Bohrlochzielsetzungen zu leiten. Der CEO von Canstar, Juan Carlos Giron Jr., betonte das Engagement des Unternehmens für einen datenbasierten Ansatz in der Mineralexploration, um das geologische Verständnis zu vertiefen und neue Entdeckungen in den Projekten Golden Baie und Facheux Bay zu ermöglichen.
- High-resolution airborne geophysical survey tripled data density for exploration
- New data identified underexplored areas with potential for gold and antimony mineralization
- Survey results will guide future surface exploration and drill hole targeting
- Data-informed approach may lead to new discoveries and deeper geological understanding
- None.
Toronto, Ontario--(Newsfile Corp. - October 1, 2024) - CANSTAR RESOURCES INC. (TSXV: ROX) (OTC Pink: CSRNF) today announces preliminary results of a newly-acquired high-resolution airborne geophysical survey using ALS GoldSpot Discoveries Ltd.'s ("ALS GoldSpot") Multi-Parameter Airborne Acquisition System ("M-PASS") over the Company's Little River Trend ("LRT") mineral licenses. The LRT licenses are within the Company's district-scale gold (Au)- and antimony (Sb)-bearing Golden Baie Project ("Golden Baie") in the southern portion of the Central Newfoundland Gold Belt. The LRT has a large concentration of gold-in-soil/till/rock anomalies and over 25,000 m of drilling concentrated on the Kendell, 97 West, and Wolf Pond prospects. Significant results along the LRT include 3.2 g/t Au over 22 m and 4.3 g/t Au over 14 m from Canstar drilling at Kendell and over 100 rock samples grading >10 g/t Au.
The magnetic gradient and Very Low Frequency Electromagnetic ("VLF-EM") data, combined with existing LiDAR and geochemistry data, essentially triples the data density of what was previously available and will facilitate mapping and targeting of geological structures that could host gold and antimony mineralization, guide future surface exploration, and drill hole targeting at Golden Baie. The Company will also use this data to benchmark known high-grade targets, such as the Kendell Prospect, along the LRT to find additional mineralized targets. Canstar previously announced the acquisition of an MPASS airborne survey over the Company's Facheux Bay Project (see Canstar's May 24, 2023 press release).
This new data has already identified several underexplored areas that display similar geophysical expressions to that of Kendell, and identified potentially large fold and fault structures in areas where the Company will plan additional exploration work, such as geological mapping, soil and till sampling, and trenching leading to a diamond drilling program.
Canstar's President and CEO, Juan Carlos Giron Jr., said, "Canstar is committed to a data-informed, first-principles approach to mineral exploration. These high-resolution, project-scale surveys lay the foundation for a deeper geological understanding of the mineralized structures at Golden Baie and Facheux Bay. By identifying the structural controls for gold and antimony mineralization at both projects, we can conceptualize known mineral occurrences to inform further exploration and create models to guide new discoveries.
"New geological modeling completed by Resourceful Geoscience Solutions Inc. ("RGS") of Halifax, Nova Scotia, proposes that the area's complex folds and faults may not have been fully understood in past interpretations. Increasing the understanding of these known mineral occurrences could help identify additional structural settings and potentially expand isolated prospects into larger exploration districts."
M-PASS Survey Details
ALS GoldSpot's proprietary M-PASS helicopter-based system consists of a triaxial magnetic gradient Magnetic and VLF-EM platform with a 2048-channel radiometric sensor. The airborne geophysical data comprises approximately 1,200 line-km of high sensitivity data along the LRT (Figure 1) and was flown as part of a larger 1,926.4 line-km program comprised of two survey grids: (1) a large grid on Canstar's LRT mineral licenses (current dataset), and (2) another grid on its Facheux Bay mineral licenses in the southwestern part of the Golden Baie Project. ALS GoldSpot's proprietary technology used 50-m line spacings as opposed to 150-m line spacings, essentially tripling data resolution compared to the publicly-available airborne magnetic and VLF-EM data acquired by the Geological Survey of Newfoundland and Labrador in 2015 (GeoFile: NFLD/3339).
Preliminary interpretations from the new MPASS survey are already yielding insights into the structural controls on known mineralization occurrences, which support previous interpretations that there are anomalies over several kilometers along brittle ductile shear corridors related to the Day Cove Thrust, apparently upgraded at certain prospects by the intersection of brittle cross structures. This is a comparable structural setting to Calibre Mining's Valentine Gold Mine along the Valentine Lake Shear Zone and the high-grade mineralization reported by New Found Gold at their Queensway Gold Project along the Appleton Fault Zone; both are major fault structures of comparable age and scale to the Day Cove Thrust, which hosts gold and antimony at Golden Baie.
Figure 1: M-PASS magnetic data (remnant magnetic intensity, reduced to pole) - Little River Trend
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1665/225155_e4740f9de43d98b0_001full.jpg
Qualified Person Statement
Paul Ténière, M.Sc., P.Geo., Senior Vice President of Exploration for Canstar and a Qualified Person as defined in NI 43-101 has prepared and approved all scientific and technical information disclosed in this news release.
Mr. Ténière has verified all scientific and technical data disclosed in this news release including the rock, soil, and drilling results and certified analytical data underlying the technical information disclosed. Mr. Ténière noted no errors or omissions during the data verification process and Canstar's geological staff have also verified the information disclosed. The Company and Mr. Ténière do not recognize any factors of sampling or recovery that could materially affect the accuracy or reliability of the results disclosed in this news release.
Cautionary Statements
Please note that soil, till, and rock samples are selective by nature, and values reported may not represent the true grade or style of mineralization at Golden Baie. Readers are cautioned that these potential grades are conceptual in nature; there has been insufficient exploration by the Company or its Qualified Person to define a mineral resource or deposit; and it is uncertain whether further exploration will result in these targets being delineated as a mineral resource.
Acknowledgement
Canstar is grateful for the financial support of the Junior Exploration Assistance ("JEA") Program from the Government of Newfoundland and Labrador Department of Industry, Energy and Technology, which has been a valuable contribution to the exploration programs on the Company's Buchans-Mary March and Golden Baie projects.
About Canstar Resources Inc.
Canstar Resources Inc. (TSXV: ROX) is a mineral exploration company unlocking immense potential for gold and critical minerals in the Central Newfoundland Gold Belt. Our
For further information, please contact:
Juan Carlos Giron, Jr.
President & Chief Executive Officer
Email: jc@canstarresources.com
Phone: 1-647-247-8715
Website: www.canstarresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. 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. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, including but not limited to the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225155
FAQ
What is the significance of Canstar's new airborne geophysical survey for CSRNF stock?
How will the M-PASS survey data be used by Canstar Resources (CSRNF)?
What areas of interest has the new geophysical survey identified for CSRNF?
How does the Little River Trend (LRT) fit into Canstar Resources' (CSRNF) exploration strategy?
