Canstar Resources Inc. is pleased to announce initial assay results from the Phase I exploration program on its 62,175 hectare Golden Baie Project in south-central Newfoundland. These results include channel sample assays from the first of five trenches excavated on the Kendell Zone. The Kendell Zone, located in the central portion of the Golden [...]
Canstar Resources Inc. is pleased to announce that it has entered into an option agreement with Altius Resources, a wholly owned subsidiary of Altius Minerals Corp., David Hicks, Darrin Hicks, and Natalie Hicks. The Option Agreement gives the Company exclusive right and option to acquire, subject to retention by Altius and the Hicks Family of [...]
Canstar Resources Inc. is pleased to announce that it has closed the Golden Baie Project option agreement entered into with Altius Resources, a wholly owned subsidiary of Altius Minerals Corp., and other arm's length parties, as originally announced by news release on August 26, 2020. Details of the Option Agreement are provided below. The Company [...]
Canstar Resources Inc. announces that it has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report entitled "NI 43-101 Technical Report on the Golden Baie Project, Newfoundland, Canada", with an effective date of October 13, 2020 . The Technical Report was prepared by David T.W. Evans, M.Sc., P.Geo., a [...]
Canstar Resources Inc. announces that a total of 3,800,000 options to purchase common shares of the Company are being granted to officers, directors, consultants and employees at an exercise price of $0.28 per share, expiring on October 14, 2025. The grant is subject to regulatory approval and vesting requirements. About Canstar Resources Inc [...]
Canstar Resources Inc. is pleased to announce that it has closed the second and final tranche of the non-brokered private placement announced on September 2, 2020. The Second Tranche consisted of the sale of 9,523,810 units at a price of $0.1575 per Unit for aggregate gross proceeds of $1,500,000. Each unit is composed of one common share in the [...]
Canstar Resources Inc. is pleased to announce the appointment of Rob Bruggeman as Director and President & CEO of the Company, effective immediately. The Company’s Board of Directors is now comprised of David Palmer, Sam Leung, Patrick Reid, Dennis Peterson and Rob Bruggeman. The Company is also pleased to announce that it has closed the first [...]
Canstar Resources Inc. announces that, further to its press release dated August 26, 2020, it is amending the terms of its proposed non-brokered private placement for aggregate gross proceeds of up to $2,000,000 . Pursuant to the Amendment, Canstar Resources intends to complete the Offering in two tranches. The first tranche will consist of the [...]
Golden Baie Project Highlights Approximately 2,600 mineral claims over 66,000 hectares covering more than 95 km of strike length along a major regional gold structure. Recent prospecting along a 5 km strike length has identified new high-grade gold occurrences, including multiple outcrop and float samples with visible gold in quartz stockwork and [...]
Canstar Resources Inc. is pleased to announce a summer exploration program on its Buchans - Mary March project in Newfoundland and Labrador, Canada. The first phase of the program will consist of examining archived core samples, lithogeochemical sampling, prospecting and mapping in relation to historical information and more recent exploration work [...]
Canstar Resources Inc. is pleased to announce that it has completed a non-brokered private placement of 4,200,000 common shares of the Company at C$0.05 per Common Share for total gross proceeds of C$210,000 . The Company intends to use the net proceeds raised from the Offering for general working capital purposes. The Offering is subject to the [...]
Canstar Resources Inc. announces that it has completed a transaction pursuant to which it sold to Angus Ventures Inc. all of its interests in mining rights to certain mineral claims in the Red Lake district in the Province of Ontario . Under the terms of the Transaction, Angus has acquired all of Canstar’s interest in the Slate Bay Property [...]