Eagle Star Minerals Engages Coffey Mining Consultants for the NI 43-101 Resource Calculation at The Bomfim Agro-mineral Project
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/30/13 -- Eagle Star Minerals Corp., (TSX VENTURE: EGE) (PINKSHEETS: ELGSF) (FRANKFURT: E6R) ("Eagle Star" or "the Company") is pleased to announce the formal engagement of Coffey Mining Ltd. ("Coffey") to assume the role of calculating resources in a series of NI 43-101 technical reports planned for each of the 8 targets identified so far at The Bomfim Agro-mineral Project ("Bomfim") starting with the PZE-South area at Bomfim Hill.
Coffey is a well known International Mining consultancy group with over 50 years experience and having over 3,000 employees working on projects in more than 80 countries worldwide. Coffey currently has permanent offices throughout the Americas, Africa, Asia Pacific, Europe and the Middle East. The Brazilian office based in Belo Horizonte will assume responsibility of this assignment. Eagle Star's intention is to involve two separate firms, - Coffey and Coast Mountain Geology ("Coast Mountain") of Vancouver B.C, alongside each other, to qualify the project's geologic perspective as well as to quantify its resource potential. Coast Mountain has recently completed a site visit to Bomfim and as the author of the report, will be responsible for signing it.
CONCLUSIONS
"We are very pleased to have a reputable firm like Coffey working on the resource calculation for the upcoming NI 43-101 technical report at Bomfim. Our team has worked diligently to have advanced this property within the time frame that we have and we are all eagerly awaiting the outcome of this preliminary report." Commented Eran Friedlander President and CEO Eagle Star.
PROJECT BACKGROUND
The Bomfim Agro-mineral Project is located in the southern portion of Tocantins state, Brazil along the same phosphate mineralized trend in which MbAC Fertilizers holds the Itafos Arraias Project. The region is considered a new phosphate belt of Brazil wherein many majors (MbAC / Vale / Votorantim) are all in the process of developing mining operations. All exploration permits are already in place and an aggressive exploration program is targeted to define an NI 43-101 resource calculation by Q2 of 2013.
Dr. Campos, Eagle Star's COO, Director and expert on phosphate has a long history of working in the region over the past 15 years. His experience includes his direct involvement as co-advisor to the technical study of the Itafos mine now owned by MbAC Fertilizers. Dr. Campos assisted with developing the geological model found at Itafos resembling what has now been found at Eagle Star's Bomfim.
The strategic location (near to agricultural centers of West Bahia State and NE Goias State) allied to the local infrastructure (roads, communication, power lines) has proven this area economic for a profitable mining operation. Government mining incentives also reinforce a unique opportunity for investment.
ABOUT THE COMPANY
Eagle Star Minerals Corp is a publicly listed company focused on the acquisition, exploration and development of agro-mineral properties in Brazil. Over the past two years, Eagle Star Minerals has strategically grown its' presence in Brazil and continues to focus on maximizing shareholder value by acquiring assets located in geological areas known for proven phosphate mineralization, coupled with good logistics in close proximity to agriculture.
The Company's shares are publicly traded on the TSX Venture Exchange under the symbol EGE, on the OTC Pink Sheets under the symbol ELGSF and on Frankfurt Stock Exchange under the symbol E6R.
On behalf of the Board of Directors
EAGLE STAR MINERALS CORP.
Eran Friedlander, President
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Eagle Star Minerals Corp.
Patrick Brandreth
Senior Manager, Corporate Development
1-604-282-7157
patrick@eaglestarminerals.com
