Canstar Resources Inc. & is pleased to announce a non-brokered private placement offering for aggregate gross proceeds of up to $2,500,000 through the issuance of units of the Company at a price of $0.19 per Unit. Each Unit will consist of one common share and one common share purchase warrant . Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.25 for a period of 24 months from the [...]
Canstar Resources Inc. & is pleased to announce that Neil Burns and James Clare have been appointed to the Company's board of directors. Director Patrick Reid has resigned from the board, effective immediately. The Company thanks Mr. Reid for his many years of dedicated service to the Company as a director. Neil Burns is a geologist with over 25 years of extensive international experience in exploration, mining and [...]
Highlights - Assays from channel sampling at the Kendell Prospect demonstrated continuity of the shear zone hosting gold-bearing quartz veins over a strike length of about 70 metres, February 22, 2021 - Canstar Resources Inc. is pleased to announce the final assay results from the surface exploration program conducted in the fall of 2020 at its Golden Baie Project in southern Newfoundland. The 2020 exploration program was [...]
Canstar Resources Inc. & is pleased to announce that it has hired Dawn Evans-Lamswood, M.Sc., P.Geo, as its Vice President, Exploration, through her consulting company, DEL Exploration, based in St. John's, Newfoundland. In addition, the Company is pleased to announce that Dr. Laurence Curtis has agreed to join the company as a technical advisor. Ms. Evans-Lamswood is a well-respected structural geologist with over 30 [...]
Canstar Resources Inc. & is pleased to announce that it has completed its previously announced non-brokered private placement, consisting of the sale of 3,675,342 flow-through shares at a price of $0.35 per FT Share for aggregate gross proceeds of $1,286,369.70. Each FT Share is composed of one common share of the Company issued on a flow-through basis within the meaning of the Income Tax Act . The Company intends to use [...]
Canstar Resources Inc. is pleased to announce additional assay results from the Phase I exploration program on its 62,175 hectare Golden Baie Project located in south-central Newfoundland. These results focus on the Blow Out target, which is towards the south end of the approximately 30 km trend of high grade gold occurrences discovered to date on the Project. Canstar’s 2020 field exploration program focused in and around [...]
Canstar Resources Inc. is pleased to announce that it intends to complete a non-brokered private placement of up to 5,000,000 flow-through shares at a price of $0.35 per FT Share for gross proceeds of up to $1,750,000. Each FT Share shall be composed of one common share of the Company issued on a flow-through basis within the meaning of the Income Tax Act. The Company intends to use the proceeds from the Offering to incur [...]
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 Baie property, was discovered in 2009. Historic exploration work included a [...]
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 certain rights related to a 1.5% net smelter return royalty , a 100% interest in [...]
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 is also pleased to announce an update on field exploration activities [...]
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 "Qualified Person" as defined by NI 43-101. The Technical Report is available [...]
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 is focused on creating shareholder value through the [...]