Canstar Resources Inc. announces that a total of 3,344,000 options to purchase common shares of the Company have been granted to officers, directors, consultants and employees of the Company in accordance with the Company's stock option plan. The Options were granted at an exercise price of $0.035 per share and expire on July 14, 2029. The Options [...]
In January 2024 the Company announced a change of management concurrent with an oversubscribed private placement led by J. Paul Austin III. Following a detailed assessment of the Company's assets and strategic positioning, Canstar's new President & Chief Executive Officer, Juan Carlos Giron Jr., today announces a new geological model, priority [...]
Canstar Resources announces that the board of directors has appointed Paul Ténière, P.Geo., as Senior Vice President of Exploration. Paul brings over 25 years of experience and a deep understanding of the geology of Newfoundland. The board of directors has also appointed the current Chief Financial Officer and Corporate Secretary [...]
Canstar Resources closed the non-brokered private placement financing previously announced on Dec 27, 2023, for gross proceeds of $856,215. The Offering was oversubscribed by $121,215 and an aggregate of 26,665,500 units were sold. The lead order for the Offering came from Mr. J. Paul Austin III, who has been appointed to the Canstar board of [...]
Canstar Resources is pleased to announce its intention to complete non-brokered private placement financings for total gross proceeds of up to $735,000, consisting of up to 10,000,000 hard dollar units of the Company at a price of $0.03 per Hard Dollar Unit, up to 8,000,000 charity flow-through units at a price of $0.0325 per FT Unit, and up to [...]
Canstar Resources is pleased to announce that it has completed the compilation of a large amount of historic data relating to its claims in the vicinity of the historic Buchans Mine. The Buchans Mine operated for 58 years, processing 16.2 million tonnes of ore from five Volcanic-hosted Massive Sulphide ore bodies with an average grade of 14.5 [...]
Canstar Resources is pleased to announce that it has the fulfilled all of the requirements of an option agreement dated Sept 25, 2020, and that it has exercised the option to acquire 100% ownership of 47 licences totaling 2,446 claims, covering 61,150 ha. The Golden Baie Project remains subject to a 2.0% net smelter return royalty. Highlights of [...]
Canstar Resources is pleased to announce that it has received the results of a high resolution airborne magnetic-VLF survey conducted earlier this year on the Company's Facheux Bay target on the district-scale Golden Baie project. Golden Baie is located at the southern portion of the central Newfoundland orogenic gold belt. The airborne survey was [...]
Eric Sprott announces that on May 21, 2023, 10,527,000 common share purchase warrants of Canstar Resources Inc., expired unexercised representing a decrease in control of approximately 13.6% of the outstanding common shares on a partially diluted basis since the date of the last early warning report. Prior to the expiry of these Warrants, Mr [...]
Canstar Resources is pleased to announce key gold exploration targets for the upcoming 2023 field season on the district-scale Golden Baie project in south-central Newfoundland. Regional exploration work done to date on the Golden Baie claims has identified extensive surface gold anomalies that span 100 km along the same major fault corridor as the [...]
Canstar Resources announces that a total of 2,475,000 options to purchase common shares of the Company are being granted to officers, directors, contractors, and employees at an exercise price of $0.06 per share, expiring on March 24, 2028. The grant is subject to regulatory approval and vesting requirements. About Canstar Resources Inc. Canstar [...]
Canstar is pleased to announce assay results from diamond drilling on its Golden Baie project in south-central Newfoundland, which took place in the fall of 2022. Drilling tested six target areas, including Kendell, Hillside, 97 West, Northbrush, Osprey, White Out and Wolf Pond along a ~15 km prospective trend. In total, 6,471 m were drilled in 51 [...]